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.
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).
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.
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.
The Federal Institute of Industrial Research Oshodi (FIIRO) in Oshodi says it has developed an industrial blueprint that can create five million jobs annually.
The Nigerian Communications Commission (NCC) says it has remitted N133bn to the federation account in two years.
The Nigerian Employers Consultative Association (NECA) has faulted recent report by the National Bureau of Statistics (NBS) that Nigeria had exited recession, saying the economy was still in the woods.
A former Minister of Finance and one-time High Commissioner to the United Kingdom, Alhaji Abubakar Alhaji, has identified high overheads in governance and other expenses associated with Nigeria’s federal system as the reason why Nigeria fell into recession.
The World Bank on Tuesday halved its 2017 growth forecast for South Africa after the economy fell into recession earlier this year.
The Minister of Finance, Mrs Kemi Adeosun, on Monday said that accurate statistics was vital in the fight against corruption and achievement of the Federal Government’s economic recovery and growth plan.
A former Governor of Osun State, Chief Bisi Akande, has urged the Federal Government to explore other sources of revenue, warning that the income from crude oil will further decrease, especially with the United States and other buyers converting to electric-powered vehicles.
Mr Olusegun Awolowo, Executive Director, Nigerian Export Promotion Council (NEPC) says Nigeria’s exports appreciation by 3.2 per cent confirmed that the present administration’s economic diversification is paying-off.
Annual inflation in Nigeria slowed for a seventh month in August, easing to 16.01 percent, the National Bureau of Statistics (NBS) said on Friday.
The Police Command in Kano State has confirmed the arrest of a housewife, Aisha Ali, who allegedly poured hot water on the private part of her husband.
The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, announced in a statement on Tuesday that she had submitted her resignation from the IMF and it will go into effect in September.
The House of Representatives has commended President Muhammadu Buhari for signing the African Continental Free Trade Agreement (ACFTA).
The Peoples Democratic Party (PDP) has reacted to the latest letter written by former President Olusegun Obasanjo to President Muhammadu Buhari describing the former’s action as patriotic.
Former president of South Africa, Jacob Zuma, has denied that the Gupta family had any influence in the appointment of his Cabinet ministers.
Barely 48 hours after the House of Representatives Committee set up to investigate the crisis that trailed the controversial inauguration of the Edo State House of Assembly, two All Progressives Congress groups, the Etsako Solidarity Front, ESF and the Owan Renaissance, have raised alarm over neutrality of the committee as they alleged that the committee’s trip to Benin City last Friday was sponsored by an individual.
Osun State Governor, Mr.Adegboyega Oyetola, on Tuesday disclosed that comments credited to the Adeleke family over his victory at the Supreme Court as a statement made out of “ignorance”.
The Zamfara Governorship Election Tribunal on Tuesday dismissed four members of the PDP challenging the election of Governor Bello Matawalle.
Burundi has appointed the head of the ruling party youth league to head its state-run broadcaster, a move an opposition party has described as a danger to press freedom.
The US House of Representatives on Friday approved a measure that would bar President Donald Trump from launching a military strike against Iran, setting up a confrontation with the White House over the administration’s aggressive stance toward Tehran.