The National Bureau of Statistics on Monday released the Consumer Price Index which measures inflation, with the index dropping marginally from 16.1 per cent in June to 16.05 per cent in the month of July.
Kemi Adeosun, minister of finance, says there is an urgent need to reposition the federation account allocation committee for better performance through efficient management of resources.
A notable political economist, Prof. Pat Utomi, on Wednesday maintained that the gruelling economic recession in the country was self-inflicted, noting that wrong policy choices led to the hardships facing Nigerians.
Mr Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN), says monetary policy offers limited tools for dealing with the current economic challenges in the country.
The value of capital imported into Nigeria in the second quarter of 2017 rose by $884.1 million to stand at $1.79 billion, the National Bureau of Statistics, NBS, has said.
The Vice President, Yemi Osinbajo, said on Monday that the Buhari administration spent N1.3 trillion on capital projects in 2016, the highest in the history of the country.
A former Director, Regional Office for Africa, UN-Habitat, Professor Oyebanji Oyelaran-Oyeyinka, has urged the Federal Government to concentrate on industrial manufacturing and not agriculture to move faster towards economic growth and exit recession.
Lagos State Government on Monday announced the closure of the N85, 140,000,000 Series 2 Bond Issuance geared towards improving the physical and social infrastructure in the State.
National President, Union of Nigeria Baptist Convention, Dr. Baware George, has said the ongoing economic recession is a veritable avenue for the Buhari administration to prove its worth.
Lai Mohammed, minister of information, says the Buhari administration has succeeded in nursing Nigeria’s “very sick economy”.
Mr Taiwo Oyedele, a tax expert, says only tax incentives to industries without addressing other challenges will not bring about the desired economic growth in Nigeria.
Unemployment in Nigeria, sub-Saharan Africa’s largest economy, is running at more than 14 percent and climbing; in South Africa, the second largest economy, it is over 27 percent. For youth in both places, it is far more.
South African President Jacob Zuma’s survival in a parliamentary no-confidence vote will not impact the country’s downgrade-threatened credit rating, the S&P Global agency said on Wednesday.
Acting President Yemi Osinbajo has said that the N7 trillion federal budget for 2017 is not sufficient to facilitate the desired economic development in the country, hence the government was making the investment climate profitable and easy for private sector involvement.
UBS Wealth Management’s Chief Investment Office (CIO) has launched a new report on Africa’s sovereign credit prospects, an important benchmark used to evaluate the risk of investing in a country.
Chief Angus Uzoamaka, an Abuja-based insurance broker, has urged the Federal Government to consider tax relief for industries operating in Nigeria in order to boost economic development.
North Korea’s top envoy involved in talks with the United States arrived in Beijing on Thursday and is thought to be en route to Washington, South Korean news agency, Yonhap reported.
Dr Chikwe Ihekweazu, Chief Executive Officer, Nigeria Centre for Disease Control (NCDC), said that the Federal Government would intensify efforts to control Lassa Fever in the country.
Leeds United have completed the signing of Kiko Casilla from Real Madrid, with the goalkeeper penning a four-and-a-half-year deal with the Whites.
Mr Stephen Onoja, Director of Fishery, Enugu State Ministry of Agriculture, has urged residents in Enugu State to embrace fish farming as a business.
Mousa Dembele became the latest high-profile name to swap Europe for China when he left English Premier League side Tottenham Hotspur and joined Guangzhou R&F on Thursday.
Barely 48 hours after the former Inspector General of Police (IGP) Ibrahim Idris bowed out of the service, controversial rapper, Eedris Abdulkareem, on Wednesday gave a farewell message to him.
The National Chairman of the Peoples Trust, Olisa Agbakoba (SAN), the party’s presidential candidate, Gbenga Olawepo-Hashim, and other leaders of the party on Saturday promised to restore Nigeria’s lost glory.
South Korea’s coach warned that Tottenham Hotspur star Son Heung-min may have to be eased in gently when he arrived for the Asian Cup after a frantic few months for club and country.
The Senator representing Kaduna Central at the National Assembly, Shehu Sani, has described the state Governor, Nasir el-Rufai, as “unpopular.”
Nigeria is targeting the exportation of more than 5, 760 tonnes of yam to different countries in 2019.