Central Bank of Nigeria (CBN) Governor Godwin Emefiele has affirmed that Nigeria must give considerable focus to productions to expand the economy. Emefiele stressed that the...
Former Anambra State Governor, Peter Obi, has advised the President Muhammadu Buhari-led administration to reduce its borrowing as Nigeria cannot afford to borrow its way out...
As Nigerians continue to lament over the current recession in the country, the Minister of Information and Culture, Lai Mohammed, has reacted to the situation. He...
The Senior Special Assistant on Media and Publicity to the Vice President, Laolu Akande, said on Sunday Nigeria’s economy is on the path to recovery. Akande,...
Senate President Ahmad Lawan said on Thursday Nigeria’s economy was being steered on the path of growth despite the prevailing challenges. Lawan, according to a statement...
The Peoples Democratic Party (PDP) on Wednesday expressed concern over fresh plans by the Federal Government to secure an additional $1.2 billion loan from the Brazilian...
Nigeria’s perennial foreign exchange shortage is squeezing life out of Africa’s largest economy, Bloomberg reported on Monday. Banks won’t honour card payments, foreign investors can’t get...
Nigerians are pessimistic that the country’s galloping inflation rate would hamper the economy further in the next twelve months, data obtained from the Central Bank of...
Nigeria’s immediate past Minister of State for Petroleum Resources, Ibe Kachikwu, has said that crude oil’s contribution to the mation’s economy will fall rapidly. Currently, oil...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
The Central Bank of Nigeria (CBN) has projected that Nigeria will turn in a negative Gross Domestic Product in the second quarter of this year considering...
Africa’s largest economy stands a chance of shrinking next quarter from the shocks of curbs placed on commercial operations in an effort to rein in coronavirus...
In light of the sharp dwindling in the global economy occasioned by Covid-19 pandemic, the MD/CEO of Heritage Bank Plc, Ifie Sekibo has suggested ways the...
A former Deputy Governor of Central Bank of Nigeria, Kingsley Moghalu, Friday charged the Federal Government to commence a far-reaching restructuring and repositioning of Nigeria’s economy....
What has been unveiled so far by CBN are mere palliatives, and are inadequate to stop the looming mass business failure. The 13 suggestions below should...
The International Monetary Fund (IMF) Tuesday forecast that Nigeria’s Gross Domestic Product (GDP) would contract by 3.4% in 2020 after expanding by 2.2% last year. In...
Foreign investments valued at $23.9 billion (over N8.771 trillion) came into Nigeria by way of 22 banks last year, the statistics office has said. The injection...
The Nigerian economy faces the huge prospect of losing up to $650 million dollars (about N238.550 billion) and 91,380 jobs to the downtrend induced by the...
International credit rating agency, Fitch Ratings, has noted in its latest outlook for the Nigerian banking sector that banks across the country face acute threats from...
Nigeria may be heading for its second recession in nearly four years after crude oil prices crashed to $30 per barrel in the international market. The...
A recent review of the 2020 outlook of the Nigerian economy, detailing the prospects of key measures defining possible fiscal growth, has revealed the odds of...
One time secretary-general of the Commonwealth of Nations, Chief Emeka Anyaoku, has called on Nigerians to support the closure of Nigeria’s land borders by the government....
President Muhammadu Buhari on Wednesday told members of his Presidential Economic Advisory Council (PEAC) that the economic growth of the country had not been fast enough...
Hello there, it’s Sunday. And, here is the Business Wrap, a featured post highlighting some of the major events that unfolded during the week ended 5th of...
Ogun State Governor Dapo Abiodun, on Sunday expressed concern over the spate of kidnapping activities on the Lagos – Ibadan axis, saying the country was at...
According to the World Economic Outlook of the International Monetary Fund (IMF) for the 2019 financial year, Nigeria’s economy is expected to experience a growth rate...
The Nigerian Senate on Thursday confirmed Godwin Emefiele as governor of the Central Bank of Nigeria (CBN) for a second term. President Muhammadu Buhari had re-nominated...
As President Muhammadu Buhari begins to wind down his first term in office and prepares for his second tenure, pan-African rating agency, Augusto & Co, has...
By midday, yesterday, the colossal loss to the nation’s economy, arising from the postponement of the general elections, hours before the exercise was scheduled to begin,...
The Minister of Budget and National Planning, Senator Udo Udoma, has predicted that the nation’s economy will grow by 3.1 percent in 2019. The minister’s prediction...
The Lagos Chamber of Commerce and Industry has called on the Federal Government to expidite action on the diversification of the Nigerian economy. According to the...
The World Bank, in its latest report on Nigeria’s economy, has said that fiscal deficits in the country will likely widen further in 2018. According to...
The World Bank has lowered its growth forecast for Nigeria’s economy in 2018 to 1.9 percent as the growth continued to downsize in the oil and...
The Institute of Chartered Accountants of Nigeria (ICAN) has revealed that the nation’s stunted economic development was attributable to unhealthy politics, poor leadership and the tussle...
The Nigerian economy has slowed for the second consecutive quarter this year, indicating the nation may soon be heading for another economic recession. According to the...
Economic report by the Central Bank of Nigeria (CBN) on the fourth quarter of 2017 has revealed that Nigeria’s economy attracted a total foreign exchange inflow...
Without adequate funding of Research and Development (R &D), Nigeria’s economy will remain undeveloped, the Nigerian Academy of Science (NAS) has said. The President of NAS,...
The Executive Board of the International Monetary Fund (IMF) on Wednesday, said that though Nigeria’s economy is exiting recession, it is still however vulnerable. It stated...
Speaker of the House of Representatives, Hon Yakubu Dogara, has said that unless interest rates on loans in Nigeria are reduced to make funds accessible to...
Minister of Finance Kemi Adeosun says under her watch, Nigeria has developed a buffer that helps it cope well with low oil prices. The minister said...
The World Bank’s January 2018 Global Economic Prospect report launched on Tuesday in Washington DC, has predicted 2.5 per cent economic growth for Nigeria in 2018....
The International Monetary Fund (IMF) has commented on the state of Nigeria’s economy, noting that despite exiting recession, the country’s economy remained vulnerable. While welcoming actions...
According to data released Monday by the National Bureau of Statistics (NBS), Nigeria’s Gross Domestic Product (GDP) recorded a growth of 1.40 percent in the third...
At the inception of the Buhari-led government, economic indices were somewhat stable. Inflation was single digit, fuel price was below the N100 mark, consumer price index...
The Peoples Democratic Party (PDP) has said that any celebration over the news of Nigeria’s exit from recession was premature as President Muhammadu Buhari’s policies remained...
The Organisation of Petroleum Exporting Countries (OPEC) wants Nigeria to keep its daily oil output at 1.8 million barrels which is 400,000 barrels less than the...
Nigeria’s economy is expected to grow at a faster rate than South Africa’s in the 2018 fiscal year. This is based on International Monetary Fund (IMF)...
Until the loopholes in administering foreign exchange transaction in Nigeria are addressed, its economy will remain prostrate. This is the summation of Nigeria’s former Finance Minister...
Former Governor of Central Bank of Nigeria (CBN), Professor Chukwuma Soludo, has identified introduction of politics into Nigeria’s foreign exchange policy as the main reason Nigerian...
Nigeria is back to square one following the directive by both the World Bank and African Dvelopment Bank (AfDB) that it makes a priority list on...
