Economy

NEPC chief attributes exports rise of 3.2% in Q2 to economic diversification

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.

Prices of food fall in Asaba

Prices of staple food, including garri, yam and potatoes, have decreased in Asaba and environs, a market survey by the News Agency of Nigeria (NAN) has shown.

Nigerian inflation slows for 7th month in August to 16.01 pct

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.

Mining, agriculture pushed Nigeria out of recession – Fayemi

Dr Kayode Fayemi, the Minister of Mines and Steel Development, on Thursday identified agriculture and mining as the critical sectors that pushed Nigeria out of recession.

Central bank will support domestic production needs – Emefiele

The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, said on Wednesday the bank would continue to explore further avenues to ensure that interest rates are supportive of domestic production needs.

Why states will continue to owe workers’ salaries – Onigbinde

The co-founder of BudgIT, Seun Onigbinde, has said that some states will continue to owe workers’ salaries because the monthly allocation from the federation account is barely enough to meet their needs.

Fashola threatens to deport Egbin chief over N125bn debt controversy

The Minister of Works, Power and Housing, Babatunde Raji Fashola, has accused the Managing Director/Chief Executive Officer, Egbin Power Plant, Mr Dallas Peavey, of staying in Nigeria without a valid visa and that he has directed the Nigeria Immigration Service to take appropriate action.

Nigeria out of stagnation not recession – Onovo

A former presidential candidate, Chief Martin Onovo, has faulted the National Bureau of Statistics for coming up with a verdict that Nigeria is out of recession.

Nigeria needs data harmonisation strategy – NBS official

An official of the National Bureau of Statistics (NBS), Dr Isiaka Olarewaju, has said that Nigeria would need harmonisation strategy on data gathering to achieve even development.

Recession exit: Don makes case for sustainable growth

A South-Africa-based don, Mr Christopher Ifeacho, says sustainable growth must be maintained to ensure that the Nigerian economy remains out of recession.

Fed govt seeks more investment from Poland, others

The Federal Government has called on investors from Poland and other countries in Europe to take advantage of the reforms in the Nigerian economy by increasing their level of investments in the country.

Nigeria will achieve full economic recovery in 2019 – PwC

The PricewaterhouseCoopers Nigeria has predicted a full economic recovery in the country by 2019.

Exit from recession won’t improve Nigerians’ economic wellbeing – don

Former Dean, Faculty of Social Science, University of Port Harcourt, Prof Okey Onuchuku, has warned that Nigeria’s exit from recession will not lead to improvement in the living condition of Nigerians, as it was induced by mere increase in crude oil production and oil price increase in the international market.

Telecoms sector adds N1.5tn to GDP in second quarter – NCC chief

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof Umar Garba Danbatta, has said that the telecoms sector contributed N1.549 trillion to the Gross Domestic Product (GDP) in the second quarter of 2017, representing 6.68 per cent increase from the first quarter of the year (N1.452 trillion).

Delta revenue board seals 12 companies over tax liabilities

The Delta State Board of Internal Revenue on Friday sealed 12 companies, hotels and schools in Warri over tax liabilities.

Nigerian economy remains under great threat – US

The United States military yesterday warned that the Nigerian economy remains under great threat following the surge in criminal activities in the Niger Delta and the threats by militants to resume bombing of oil facilities in the region.

Why commodities prices are high – MAN chief

An Industrialist, Mr Frank Jacob, said on Friday that the prices of domestic commodities were up because the exchange rate between the naira and the dollar was still high.

US Fed official sees gradual rate hikes even amid low inflation

The US central bank can continue to raise interest rates gradually, despite persistent low inflation that could suggest a fundamental change in the economy, a top Federal Reserve official said Thursday.

Recent Stories

The 44th President of the United States of America, Barack Obama, has taken to his official Twitter page to send a loving message to his wife, Michelle, who turns 57 today.

Barack Obama sends loving message to wife on birthday

The 44th President of the United States of America, Barack Obama, has taken to his official Twitter page to send a loving message to his wife, Michelle, who turns 57 today.
Governor Okezie Ikpeazu of Abia State has approved the deployment of modern technology in the security system to fight crimes in the State.

Street trading: Abia sets up mobile court, gives traders one week ultimatum

This is even as government has given street traders at Obikabia and Opobo junctions in the Ogbor Hill area of the commercial city seven days to vacate the streets and move into approved markets in the city.
Kidnap

27 abducted Kano traders regain freedom

Twenty seven Kano traders, who were abducted on their way to Aba town in Abia State, have regained their freedom, according to the management of Kantinkwari Textiles Market.
Less than a week of the commencement of e-ticketing on the Abuja-Kaduna rail line, over 8,000 passengers have accessed the portal, the Minister of Transportation, Rotimi Amaechi has said.

Over 8,000 passengers access e-ticketing on Abuja-Kaduna train route

Less than a week of the commencement of e-ticketing on the Abuja-Kaduna rail line, over 8,000 passengers have accessed the portal, the Minister of Transportation, Rotimi Amaechi, has said.
A Civil Society Group has decried the plans by educational institutions across the country to resume academic activities without adequate safety measures to contain the devastating impacts of the second wave of COVID-19.

Group expresses worry over school resumption amidst coronavirus surge

A Civil Society Group has decried the plans by educational institutions across the country to resume academic activities without adequate safety measures to contain the devastating impacts of the second wave of COVID-19.