The Nigerian Export Promotion Council, (NEPC) has blamed the diminution on agricultural export on the easy cash flow from petroleum.
After receiving briefings from the Minister of Budget and National Planning, Udoma Udo Udoma; his Finance counterpart, Kemi Adeosun, and the Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, President Muhammadu Buhari declared on Monday that the nation’s economy is getting better.
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.
A Kaduna-based non-governmental organisation, Ladi Maji Foundation has empowered no fewer than 300 widows in Kaduna State with residual income items and cash to enable them stay afloat the current economic reality.
He maintained that part of the initiative by this non-governmental organisation in ensuring that every Nigerians knows their roles in this regard was the donation of hundreds copies of the book, Accountable Nigeria to many Nigerians since it was launched in 2018.
Uefa have revealed the women’s and men’s nominees for the Uefa.com Team of the Year.
The coronavirus has cast a pall over Christmas celebrations in Bethlehem, all but shutting down the biblical town revered as Jesus’ birthplace at the height of the normally cheery holiday season.
Johnson Suleman, a Nigerian televangelist, on Tuesday, described President Muhammadu Buhari’s administration as the “worst government ever.”
Adeshina Ogunlana, the lawyer representing the #EndSARS protesters at the Lagos Judicial Panel of inquiry, has said there are irregularities in the footage submitted by the Lekki Concession Company (LCC) to the panel.
Chinese President Xi Jinping on Wednesday congratulated Joe Biden on winning the Nov. 3 U.S. presidential election, voicing hope the two countries could promote a healthy and stable development of bilateral ties, the official Xinhua news agency reported.
Bernd Schuster, former Germany player, recalled his time at FC Barcelona with Diego Armando Maradona. The German made very good friends with Maradona at Camp Nou.
The Association of Professional Women Engineers of Nigeria (APWEN) has advised female students to study science courses in order to compete with their male counterparts in the engineering profession, noting that the country is in need of female engineers.
The National Assembly has launched an investigation into the October 23 and 24 mayhem that took place in Calabar and its environ leading to devastating destruction of lives and property in the guise of #EndSARS protest.