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Nigeria’s population growing faster than its economy – IMF

The managing director of the International Monetary Fund, Christine Lagarde, has stated that the economy of some West African nations, including Nigeria, is not growing at the same rate as its population.

Why Nigeria went into recession – President Buhari

President Muhammadu Buhari on Tuesday identified failure to appropriately manage the country’s numerous resources, corruption, lack of patriotism among others as reasons why the economy went into recession in 2016, first in 30 years.

World economy to add 3.6% in 2017 as recovery quickens – IMF

The International Monetary Fund on Tuesday bumped up its forecasts for global growth, saying an upswing in the world economy was likely to gather pace into next year.

Senator Bola Tinubu proposes 7-point agenda to revive Nigeria’s economy

National Leader of the All Progressives Congress (APC), Senator Bola Tinubu, has proposed a seven-point agenda, which he said, would revive the country’s troubled economy and drastically reduce her dependence on petrodollars.

Food prices rise in September on higher costs of oils, dairy products

Food prices rose further in September due to higher costs of oils and dairy products, the UN Food and Agriculture Organization said Thursday, with the increases outpacing inflation in many countries.

Kogi rice will feed the nation – govt

The Kogi State Government has restated its commitment to creating an enabling environment for the much needed agricultural revolution, assuring Nigerians that Kogi Rice will bridge the gap between demand and supply across the nation.

Expert supports CBN’s decision to retain monetary policy rate

An economic expert, Uche Uwaleke, has expressed support for the continued decision by the Central Bank of Nigeria to retain the country’s Monetary Policy Rate (MPR).

Fed govt targets $1 billion tax revenue

The Voluntary Assets and Income Declaration Scheme (VAIDS) has deployed over 700 graduates as Community Tax Liaison Officers (CTLOs) to nine states of the Federation and the Federal Capital Territory (FCT).

Ethiopia enjoying positive investor sentiments but reforms needed – IMF

The International Monetary Fund (IMF) has praised Ethiopia’s economic strides for the year 2016/2017 but has also urged that reforms be undertaken to improve the business climate.

Senate summons Adeosun, Udoma over economy

The Senate has summoned the Minister of Finance, Mrs Kemi Adeosun and her Budget and National Planning counterpart, Sen. Udo Udoma, to brief Nigerians on developments in the economy.

NCC remits N133.4bn to federation account in two years

The telecoms regulatory body of the country, Nigerian Communications Commission (NCC), said it has in the last two years, remitted a total of N133,426,062,786 to the consolidated revenue fund of the Federal Government.

Institute develops blueprint that can create 5m jobs annually

The Federal Institute of Industrial Research Oshodi (FIIRO) in Oshodi says it has developed an industrial blueprint that can create five million jobs annually.

Ogun generates N500m from high net-worth persons

The Ogun government says it has increased the number of high networth individuals in its tax net from two to 45 and consequently generated over N500 million from them.

NCC says it remitted N133bn to federation account in two years

The Nigerian Communications Commission (NCC) says it has remitted N133bn to the federation account in two years.

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Everton owners’ faith in him has not changed – Ronald Koeman

Everton boss Ronald Koeman insists the club's owners' faith in him is unwavering, despite a poor start to the season.

Uganda police hold opposition leader Kizza Besigye over attempted murder

Ugandan police have detained the country's most prominent opposition leader over allegations of attempted murder.

Web giants vow to remove online extremist content within hours

Tech companies including Google, Facebook and Twitter will work with G7 countries to block the spread of extremist content online.

Boko Haram kills three Nigerian soldiers in Borno ambush

At least three soldiers were killed when Boko Haram fighters ambushed a military convoy in northeast Nigeria, security and civilian sources told AFP on Thursday.

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Police kill one protester in Kenya opposition stronghold

A young protester was shot dead in western Kenya on Monday as hundreds of opposition supporters again took to the streets demanding reforms ahead of a presidential election, witnesses told AFP.

Fifty-year-old rapes three-year-old to death in Katsina

A 50-year-old man and father of seven, Abdullahi Sani, has been arraigned before a Katsina State Senior Magistrates’ Court for allegedly raping a three-year-old daughter of his neighbour to death.

N500 million suit: Lai Mohammed, Olisa Metuh fail to reach settlement

The N500 million libel suit filed by Lai Mohammed, the Minister of Information and Culture, against Olisa Metuh, a former Peoples Democratic Party, PDP, spokesperson, is set to proceed to trial at the Ikeja High Court.

Kogi govt debunks alleged monkey pox vaccination rumour

The Kogi State Government has debunked the rumour making the rounds that some unidentified men are infecting children with Monkey pox virus in the name of vaccination.

North Korea readies missile launch ahead of United States-South Korea drill

North Korea is believed to be preparing to launch a ballistic missile ahead of an upcoming joint naval drill by the US and South Korea, a news report said Saturday, citing a government source.