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A motorcyclist rides past a campaign poster for Nigeria’s incumbent president and candidate to his re-election for the ruling All Progressives Congress (APC) President Muhammadu Buhari, and Vice-President Yemi Osinbajo, at Ilupeju in Lagos, on January 4, 2019. PHOTO: PIUS UTOMI EKPEI / AFP

Nigeria misses out on emerging-market rally as vote nears

Emerging-market assets may be enjoying a strong start to the year, but one country missing out on the rally is Nigeria.

IMF: Nigeria’s economy to grow by 3.8% in 2019

Nigeria’s economy, and other sub-Saharan Africa countries, will be home to several of the world’s fastest-growing economies in 2019 according to the International Monetary Fund (IMF).
Nigeria's Budget Minister Udoma Udo Udoma speaks during the public presentation and breakdown of 2018 Appropriation Act in Abuja, Nigeria.

Minister: We are taking steps to grow the economy

The Minister of Budget and Planning, Senator Udo Udoma, has assured that the federal government is putting in place measures necessary to ensure that the economy grows rapidly, while maintaining fiscal sustainability.

Analysts predict spike in December inflation rate

As the National Bureau of Statistics (NBS) releases its December 2018 inflation figures this week, leading research firms in the country, FSDH Research and Financial Derivatives Company (FDC), said in their forecasts at the weekend that the nation’s inflation rate for December 2018 would increase.

Lagos economy records N50 billion cash transaction in December

The Lagos State Government Saturday disclosed that its economy recorded an unprecedented boost in the entertainment, hospitality and creative sectors in four weeks of the yuletide season.

World Bank projects 2.2% GDP growth for Nigeria in 2019

Nigeria’s real GDP growth will expand by 2.2 per cent in 2019, the World Bank has said in its annual Global Economic Prospects published on Wednesday, slightly upgrading the country’s projected growth rate from 2.1 per cent in June 2018.
Members of a US negotiation team leave a hotel for the second day of talks in Beijing on January 8, 2019. – The US delegation in Beijing includes officials from the Treasury, Commerce, Agriculture and Energy departments. The talks come a month after US President Donald Trump and his Chinese counterpart Xi Jinping agreed to suspend a planned tariff hike for three months to give negotiators space to reach an agreement and end a dispute that has roiled world markets. (Photo by GREG BAKER / AFP)

US official says China trade talks ‘went just fine’

The United States and China concluded on Wednesday three days of extended talks to resolve their trade war, with a member of the American delegation saying negotiations “went just fine”.

120,000 Kano rice farmers to benefit from Central bank’s anchor borrower programme

No fewer than 120, 000 rice farmers in Kano State would benefit from the Federal Government’s Anchor Borrower programme for this year’s dry season farming.
United Nations UN

UN: Nigeria’s 2.1 percent economic growth to drive West Africa’s 2019 forecast

Nigeria’s 2.1 per cent economic growth projection in 2019 is expected to drive the regional growth forecast of 2.9 per cent, the United Nations report has projected.

FIRS breaks all-time record, generates N5.3 trillion in one year

Federal Inland Revenue Service (FIRS) has broken Nigeria’s all-time revenue generation record, after generating N5.3 trillion in 2018.

FIRS targets N8.3 trillion revenue from tax in 2019

The Federal Inland Revenue Service says it is targeting N8.3 trillion from the collection of various taxes in 2019 from the N5.32 trillion realised in 2018.

2019: NBS to release 179 reports on economy

The National Bureau of Statistics (NBS), is set to release no fewer than 179 reports on different sectors of the economy this year.

NBS: India is Nigeria’s biggest trading partner

Latest figures from the National Bureau of Statistics (NBS) have shown that India was Nigeria’s biggest trading partner in the third quarter of 2018, gulping N719.2 billion of crude and N37.7 billion of natural gas exports from the country.

Forbes ranks Nigeria 110th best country for business

The magazine said it compiled the list by rating 161 countries on 15 factors: property rights, innovation, taxes, technology, corruption, infrastructure, market size, political risk, quality of life, workforce, freedom (personal, trade and monetary), red tape and investor protection.
Manufacturers Association of Nigeria (MAN)

MAN: Why 2019 budget falls short of expectations

The Manufacturers Association of Nigeria, (MAN) has expressed concern that there may be a further depreciation of the Naira due to the recent pressure on the country’s external reserve arising continuous dip in oil prices and the usual withdrawal of foreign capital due to anticipated political uncertainty.
Chika Onuegbu

Economist: 2019 will be tough for Nigeria

An economist, Chika Onuegbu, has said that the economic indicators in the country for 2019 were unfavourable to Nigeria, adding that the year will be very tough for the country.
Oseni Elamah

JTB: Nigerian tax payers now 35 million

The ongoing database consolidation of the Joint Tax Board (JTB) has seen Nigeria’s data base of tax payers expanding from 20 million to 35 million.
Central Bank of Nigeria - CBN

Report: Nigerians project rise in inflation in next 12 months

Some Nigerians have projected rise in inflation and borrowing rates as well as naira appreciation in the next 12 months.

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AC Milan’s Argentine forward Gonzalo Higuain is seen on the pitch ahead of Supercoppa Italiana final between Juventus and AC Milan at the King Abdullah Sports City Stadium in Jeddah on January 16, 2019. (Photo by GIUSEPPE CACACE / AFP)

Gonzalo Higuain ‘to tidy up Chelsea deal Tuesday’

Gonzalo Higuain will reportedly arrive in London on Tuesday to complete his move to Chelsea.
Ayodele Fayose, former governor of Ekiti state, has arrived the federal high court in Lagos where he is on trial for money laundering and abuse of office. 2

Former Governor Fayose received $5m from ex-NSA Dasuki’s imprest account – Senator Obanikoro tells...

A former Minister of State for Defence, Senator Musiliu Obanikoro, on Monday told a Federal High Court that money was given to former Governor Ayo Fayose of Ekiti State from the imprest account of a former National Security Adviser in June 2014.
Innocent Tuface Idibia

Election: 2Face promotes nonviolence, visits candidates

Ahead of next month’s presidential election, pop star Innocent Idibia, popularly known as 2Face, has called on political parties and their standard bearers to eschew violence and embrace peace.

Bauchi election: 30 political parties endorse President Buhari, Governor Abubakar

No fewer than 30 political parties in Bauchi State have disassociated themselves from the coalition of six political parties led by Speaker Yakubu Dogara plotting the defeat of Governor Mohammed Abubakar in the forthcoming general elections.

Election: Lack of funds affecting parties’ campaigns – ADP candidate

The Action Democratic Party (ADP) governorship candidate for Abia State, Okey Udo, says lack of fund is a major challenge confronting political parties in their campaigns ahead of the general elections.