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Minister of State for Mines and Steel Development, Abubakar Bwari

Minister: Nigeria’s solid minerals contributes N3.5 billion annually to federation account

Nigeria’s solid minerals sector has contributes N3.5 billion Naira annually to the federation account, Minister for Solid Minerals and Steel Development, Abubakar Bwari, said on Thursday in Zurich.
Governor of Edo State, Mr. Godwin Obaseki

Edo monthly internal revenue hits N2 billion

Edo’s Internally Generated Revenue (IGR) has hit an average of N2 billion monthly from N1.55bn in 2016 when Gov. Godwin Obaseki was sworn-in.

NBS: Nigeria records N2.36 trillion trade surplus in Q2

The National Bureau of Statistics (NBS) said Nigeria recorded a trade surplus of N2.36trillion in the second quarter of 2018.

Mining: Federal government earns N1.2 trillion from private investment

The Federal Government has earned at least N1.2 trillion from private investors for mining projects.

ALGON moves to stamp out fake revenue agents

The Association of Local Government of Nigeria says it has put machinery in place to check the activities of fake revenue agents who defraud local councils of legitimate revenue.
Cyril Ramaphosa

South Africa slips into recession, against forecasts

South Africa’s economy tipped into recession as it shrunk 0.7 percent in the second quarter, official data showed Tuesday, dealing a blow to President Cyril Ramaphosa who came to office in February.

Minister explains low agricultural growth in Q2

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has said the slow growth in agriculture in the second quarter (Q2) of the year was largely due to the fact that it was a dry season, adding that lack of adequate irrigation also affected the sector.

Burundi economy battered by years of political crisis

Burundi's economy has been battered by the "calamitous effect" of a three-year political crisis which has wiped out modest gains that had been made, an International Crisis Group (ICG) report said Friday.
Udoma Udo Udoma, minister of budget and national planning

Minister Udoma harps on need to moderate population growth

The Minister of Budget and National Planning, Sen. Udo Udoma has called for strong measures to moderate the rapid rate of population growth in the country.
President Muhammadu Buhari

President Buhari: Maritime sector to serve as main economic driver

President Muhammadu Buhari has revealed that his administration is repositioning the maritime sector as the country’s main economic driver and agent of diversification.
Udoma Udo Udoma, minister of budget and national planning

Minister: Nigeria must urgently curb population growth to abolish extreme poverty

Udoma Udo Udoma, minister of budget and national planning, says there is an urgent need to pay attention to Nigeria’s uncontrolled population growth.
Senator Udoma Udo Udoma – Minister for Budget and National Planning

Minister: Non-oil sector growth evidence of Nigeria’s economic recovery

About 2.05 per cent growth recorded in the non-oil sector in the second quarter of the year is evidence the Economic Recovery and Growth Plan (ERGP) implementation is yielding positive results, the Minister of Budget and National Planning, Udoma Udo Udoma, has said.

NBS: Nigeria’s GDP growth slumps to 1.5% in Q2

The National Bureau of Statistics (NBS), said Nigeria’s Gross Domestic Product (GDP) grew by 1.50 per cent year-on-year in real terms to N16.58 trillion in the second quarter.

Nigeria records first strong GDP growth after recession

The Nigerian Bureau of Statistics (NBS) has reported that for the first time since Nigeria’s exit from recession, the Gross Domestic Product (GDP) has recorded growth.

NBS insists Nigeria out of recession

The National Bureau of Statistics on Monday restated that the country was out of recession.
Nwadiuto Esiobu

ABINL: Nigeria can generate $10 billion from biotechnology

The Applied Biotechnology Institute of Nigeria (ABINL) has said Nigeria can generate over $10 billion from biotechnology crops if appropriate investment is made into skill development.

NBS: Inflation rate drops to 11.14% in July

The National Bureau of Statistics on Wednesday released the Consumer Price Index which measures inflation with the index dropping by 0.09 per cent points from 11.23 per cent in June to 11.14 per cent in July.

NNPC seeks action on economic diversification

Dr Maikanti Baru, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), on Monday called for proactive actions to reduce the country’s dependence on oil and gas.

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NBS: Prices of selected food stuff increased in August

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2019: INEC tasks political parties on credible primaries

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Oluremi Sonaiya: De-emphasise money in politics to reduce vote buying, selling

A presidential aspirant, Prof. Oluremi Sonaiya, has called for the transformation of the nation’s politics, such that money will no longer play prominent roles.
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Danske Bank chief resigns over money laundering scandal

The chief executive of Denmark’s largest lender, Danske Bank, resigned on Wednesday as the institution said it was unable to determine how much money was laundered through its Estonian branch.