At least N136.5bn has been spent on Hajj in 2017 by state governments and individuals despite the current recession in the country, Saturday PUNCH investigation has...
The Minister of Information and Culture, Lai Mohammed, on Friday said that the Federal Government had been able to address the country’s sick economy and promised...
The worrying mental toll Nigerians are currently facing due to the debilitation effect of recession which has gripped the country in the last two years has...
A former governor of the Central Bank of Nigeria (CBN) Prof Chukwuma Soludo has stated that the poor economic ideas implemented by the present administration is...
Nigeria is yet to fully compute all business opportunities it suffered in 2016 due to recession, as stakeholders in the automobile sector say they suffered about...
More information has been released on how economic recession in 2016 forced more than 100,000 Nigerians to migrate to parts of Europe. Of the number, about...
A political economist, Professor Pat Utomi has blamed Nigeria’s current economic woes on failed knowledgeable leadership by past and current political leaders at all levels. He...
With increase in Nigeria’s foreign reserves and stability in the naira exchange rate, Nigeria’s recession will be over by third quarter of 2017. The Central Bank...
Do you know you are in a better position if you are financially intelligent? Financial intelligence has a huge role to play in homes, relationships, businesses...
The President of the Christian Association of Nigeria (CAN) Rev. Dr Samson Olasupo Ayokunle has assured Nigerians that the power of resurrection will not only end...
The Minister of Power, Works and Housing, Mr Babatunde Fashola has revealed that the Federal Government is concentrating on infrastructure development to get the country out...
Uneasy calm has gripped policy makers as expectations have remained high as the CBN’s Monetary Policy Committee (MPC) commences its two-day first meeting of 2017 on...
For the first time visitor to Aba, the allure of its fast-paced commercial life can be overwhelming. The city houses Ariaria Market, known not just for...
The Federal Government’s hope of getting the country out of recession in 2017 may hit a brick wall if operators in the real sector carry out...
The World Bank is optimistic that Nigeria may exit economic recession this year, 2017. The bank however stated that it is not yet ready to grant...
The Nigerian Development Insurance Corporation (NDIC) has expressed fears that a number of banks in the country may not survive the economic recession presently hitting the...
The Nigerian Bankers Committee may have resolved to pay more attention to the agricultural sector as a more positive approach to achieve an early recovery of...
The federal government on Saturday lined out a 10-point fiscal plan in its efforts to get Nigeria out of the recession it has landed itself. The...
Ekiti State Governor Ayodele Fayose on Tuesday layed before the state House of Assembly in Ado Ekiti, a N93.4billion 2017 Budget he termed “Budget of Higher...
The Senate, on Wednesday, said President Muhammadu Buhari has no viable economic blueprint to get the country out of its current economic recession. Lawmakers who spoke...
A new twist has been added to the face-off between the CBN Governor, Godwin Emefiele and the Minister of Finance, Kemi Adeosun, on how interest rate...
Godwin Emeifele, Governor of the Central Bank of Nigeria, CBN, has charged the federal government to begin taxing callers who spend above three minutes as part...
Nigeria’s recession may have taken its tolls on Microfinance banks (MFB) as 68 per cent of the 406 licenced MFBs in the country are now exposed...
The National Bureau of Statistics, NBS, recently released another frightening figure indicating that the current inflation rate in the country is on the rise, and that...
With the reality on ground, there is hardly any hope of Nigeria’s current economic recession recovering earlier than 2018; this is according to a finding by...
Experts have described as a waste of resources government’s proposal to spend about $2 billion for turn around maintenance (TAM) of Nigeria’s three refineries any moment...
President Muhammadu Buhari has revealed that he almost abandoned his presidency because of the level of economic challenges facing the country. The president stated this on...
The monthly Manufacturing Purchasing Managers’ Index (PMI), of the real sector suffered a 14.5 per cent decline in the month of October 2016, according to the...
Having met some brick walls in sourcing loan facilities from international financial institutions with which to fight its recession, Nigeria has shifted attention to its citizens...
What looks like s fresh faceoff has resurfaced among top government functionaries on the best approach to an earlier end to Nigeria’s recession and the role...
Despite high hope by Nigerians for some reprieve from the hardship caused by the recession, the Minister of Information and Culture, Alhaji Lai Mohammed, has predicted that this year’s Christmas might be celebrated without much relief. According to the Minister, until...
Two months to the end of the year, the Cross River State House of Assembly has reduced the state’s 2016 budget from N303 billion to N259.1...
Vice President Yemi Osinbajo has said that despite the current drop in electricity generation capacity of the country, the targeted 7,000MW will be achieved by 2017....
The much anticipated 15 per cent jump in the volume of funds accruing to the national pension commission (Pencom) this year may not be realistic after...
It seems that all attempts by the Central Bank of Nigeria (CBN) to shore up the country’s external reserves have failed as the reserves hit an all time low of $24.21bn in October from $25.8bn in September 2016, according to...
The European Investment Bank (EIB) has entered into agreement with United Bank for Africa (UBA) to perfect a new deal that will see Nigerian private business...
Nigerian government has been warned of the danger in obtaining loans, indiscriminately, from international financial institutions with which to fight recession. The negative impact of the...
The Association of Master Bakers and Caterers of Nigeria, AMBCON, say they have been forced by the tough economic crunch to increase the prices of bread, biscuits...
As the economic challenges in the country continue to bite harder, Igbo Leaders of Thought, ILT, under the leadership of constitutional lawyer, Prof Ben Nwabueze, has...
The Senate, today, passed a motion, inviting President Muhammadu Buhari to address a joint session of the National Assembly on how to get the country out...
THE African Development Bank (AfDB) says it will only extend further help towards Nigeria’s recovering from its recession only if it increases taxes, reduce interest rate...
Notwithstanding the biting economic reality occasioned by the current recession in the country, Nigeria has doled out a whooping $54 million as part payment of its...
For a nation which economy is already officially in recession due mainly to reduced revenue generation, this is not good news. The Nigerian National Petroleum...
The European Union, EU, has advised the Federal Government on a number of steps to take to tackle the current economic recession in the country. ...
In an attempt to stem the current economic recession in the country, the Senate has completed work on eight ammendment bills it hopes to send to...
For the giant of Africa, Nigeria to continue to function as a nation-state and play its role in the comity of nations, urgent step should be...
Economic growth in the sub-Saharan Africa is likely to slip 1.6 per cent by the end of 2016, its lowest level in two decades. This is...
The Arewa Consultative Forum, ACF, has added its voice to those opposed to the sale of national assets as a way of tackling the current economic...
The conflicting statements from the Minister of Finance, Mrs. Kemi Adeosun, and CBN Governor, Godwin Emefiele, on how an end Nigeria’s economic recession has led the...
The Nigeria Labour Congress, NLC, has called on President Muhammadu Buhari to provide the kind of leadership that will restore hope and assuage the feeling of...
