The International Monetary Fund (IMF) has revised downward its 2020 Gross Domestic Product (GDP) forecast for Nigeria to two per cent, from the 2.5 per cent it had predicted earlier.
The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr Muhammad Nami, has launched a national tour of the six geo-political zones to sensitise the nation, especially taxpayers, on the 2019 Finance Act.
Over these years, the gridlock has taken a huge toll on businesses along the two nation’s seaports, even as economists and concerned stakeholders lamented that the N18 trillion lost as a result of the unending traffic jam within the zone..
President Muhammadu Buhari has lauded the Abuja Chamber of Commerce and Industry (ACCI) for scaling up economic diplomacy and establishing bilateral relations with other countries.
It has been revealed that Nigeria’s external reserves recorded a decline of $4.47bn from $42.54bn as of the beginning of 2019 to $38.07bn as of the end of December representing a decline of 10.5 per cent.
Sterling slid one per cent versus the dollar on Monday, hit by worries over post-Brexit trade deal negotiations following Britain’s exit from the European Union, dealers said.
The African Development Bank (AfDB) says the total debt stock of Africa, both external and domestic currently stands at 500 billion dollars.
The African Development Bank (AfDB) African has projected economic growth to rise from 3.4 per cent in 2019 to 3.9 per cent in 2020 and 4.1 per cent in 2021.
The Edo State Governor, Mr Godwin Obaseki has called for the adoption of smart Information and Communication Technology (ICT) tools and solutions as an alternative to oil in diversifying the Nigerian economy, warning that the country will not develop if the bulk of the country’s savings is still tied to buying foreign exchange for importation.
The Nigerian Export-Import Bank (NEXIM) will hold a three-day enlightenment and engagement programme in Asaba, the Delta State capital, for the six states in Nigeria’s South-South.
The International Monetary Fund (IMF) in its World Economic Outlook (WEO) released Monday has projected that the Nigerian economy will grow at 2.5 per cent this year and next year, same as it had predicted in its October 2019 WEO.
Economists at Financial Derivative Company (FDC) have said the country will experience a rise in the inflation rate and a further decline in its foreign exchange reserves as the government juggles various options to steady the economy on the path of growth in the year.
The Manufacturers Association of Nigeria (MAN) said that at the end of the first half of 2019, an estimated 1,644,392 historical cumulative jobs had over time been created by the sector.
The African Continental Free Trade Area (ACFTA) will top discussion as Dr Akinwumi Adesina, the President of African Development Bank (AfDB) is expected in London for the milestone investment summit.
The National Broadcasting Commission (NBC), has said the new broadcasting regulations were not intended to gag Nigerians from expressing their views.
Some 141 doctors and paramedics at a public hospital in Rome have been charged with fraud for giving free medical tests to friends and family evading regional taxes, police said on Friday.
The Central Bank of Nigeria (CBN) on Friday, February 21, 2020, continued its intervention in the inter-bank foreign exchange market by injecting the sum of $292.34million into the retail Secondary Market Intervention Sales (SMIS).
A new acting General Manager has been appointed for the Kwara State Printing and Publishing Corporation (The Herald Newspapers).
The Imo State government has renamed the Imo State College of Education, Ihitte Uboma after the late Senator Benjamin Uwajumogu as a way to mortalizing him for his service to the state.
Leicester City manager Brendan Rodgers says Wilfred Ndidi will be fit for the Foxes next Premier League clash against Manchester City.
President of the Senate, Ahmad Lawan, on Wednesday said the National Assembly has devised a strategy that will see to the creation of institutions dedicated to providing enduring solutions to Nigeria's security travails. Academy
The Delta State Police Command has faulted media reports that eight persons were killed in series of renewed attacks by persons suspected to be Fulani herdsmen in Uwheru kingdom of Ughelli North local government area of Delta State describing it as moves by some individuals to cause apprehension in the state.
Suspected Boko Haram insurgents have attacked motorists near Lantaiwa, located 70 kilometres North from Damaturu, Yobe State capital.
A medical doctor with the University of Ilorin Teaching Hospital, Gbenga Adebusoye, has warned that abuse of paracetamol in general and in tenderising meat in particular, could lead to liver and kidney failures.