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Economic Growth

Moody’s downgrades Nigeria over huge debt

As the Federal Government is seeking the approval of the National Assembly to borrow about $30billion, the global financial ratings company, Moody’s Investors Service, has attributed its downgrade of the country’s rating to negative from stable as a result of the nation’s bloating debt profile.

China pledges to invest in Nigeria’s infrasrtucture, deepen bilateral relations

Mrs Guo Cui Duo, Vice President of Hebei Federation of Industry and Commerce, China, has promised to partner Nigeria through investment in infrastructure to deepen relations between both countries.

CITN: Apathy causes outcry against new tax regime

The President of Chartered Institute of Taxation of Nigeria (CITN), Dame Olajumoke Simplice, has blamed Nigerians’ outcry against the new tax regime on long period of apathy and lack of focus to make taxation the bedrock of government’s revenue mobilisation.
Niger State Governor, Alhaji Abubakar Sani-Bello, has set up two committees to spearhead his inauguration for his second term.

Economy: Niger governor calls for adjustment in governance

Governor Abubakar Bello of Niger on Sunday advocated structural adjustment in governance to boost economic growth and development in the country.

Osun is new investment destination

Osun State has been identified as the new investment destination in Nigeria with huge potential to generate revenue from agriculture, tourism, culture, among others.

Gani Adams attacks South-West governors over insecurity

The Are Ona-Kakanfo of Yorubaland, Gani Adams, again on Wednesday attacked South-West governors over their handling of the security of life and property.

Benue governor presents N189 billion budget for 2020

Governor Samuel Ortom of Benue on Tuesday presented a budget of N189 billion for 2020 to the State House of Assembly for approval.
Kayode Fayemi

Governor Fayemi: Federal government to support artisanal mining operators

Dr. Kayode Fayemi, Ekiti State governor, has hinted that the Buhari-led Federal Government was giving a lot of attention to the mining sector, in addition to the support from development partners.
Kayode Fayemi

Ekiti governor, minister seek stakeholder buy-in for mining sector

Ekiti State Governor Kayode Fayemi and the Minister of Mines and Steel Development, Olamilekan Adegbite, have called for stakeholders’ buy-in for the exploitation of economic opportunities in Nigeria’s mining sector.
The Kayode Fayemi administration in Ekiti State says it has defrayed inherited debts to the tune of 31 billion naira since assumption of office.

Ekiti governor advocates increased budgetary allocation to solid mineral sector

Gov. Kayode Fayemi of Ekiti State has called for increased budgetary allocation to the solid mineral sector to promote growth.
The Permanent Secretary, Ministry of Mines and Steel Development, Dr. Abdulkadir Mu’azu, stated this yesterday, during a one- day workshop on Simulation and Promotion activities of SMEs in the metals sector held in Port Harcourt, Rivers State.

Federal government banks on solid mineral sector to diversify economy – ministry

The Permanent Secretary, Ministry of Mines and Steel, Abdulkadir Mu’azu, has said the Federal Government was banking on the solid mineral sector to diversify the country’s economy.
The Presidential Election Petition Tribunal has upheld argument by President Muhammadu Buhari that it lacked the jurisdiction to entertain allegation of corrupt practices and voters’ inducement raised against Vice President Yemi Osinbajo in the petition by Atiku Abubakar and the PDP.

VP Osinbajo: How can we make Diaspora bonds work

Vice President Yemi Osinbajo says it is imperative for Nigeria to proffer solution on how Diaspora bonds and Diaspora mutual funds will work to boost the country’s economy.

Nigeria’s Diaspora policy ready soon – NIDCOM chief

Nigeria will soon have a Diaspora Policy, according to the Chairman of the Nigerians in Diaspora Commission, Mrs. Abike Dabiri-Erewa.

Jigawa government budgets N225.75 billion for 2020 fiscal year

Governor Muhammadu Badaru Abubakar of Jigawa State has budgeted N225.75 billion for 2020 fiscal year.
The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

Fear of EFCC has curbed Nigerian excesses abroad

The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, says that the fear of the reach of the anti-fraud Commission has curbed public officers as well as private Nigerians living abroad from a lot of their known excesses, including booking entire hotels and blocking London streets for loud block parties.

Godwin Emefiele: Edo can generate 200,000 jobs from palm oil

The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, said on Friday Edo State can generate more than 200,000 jobs and millions of dollars in foreign exchange from cultivation and palm oil processing.

Godwin Emefiele: Border closure will tackle all security challenges if sustained for two years

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele says if border closure is sustained for the next two years, issue of insurgency, banditry and kidnapping will be totally eradicated.
Fifty pioneer students of Edo University, Iyamho, will this Saturday graduate in the institution’s first convocation ceremony.

Fifty students for Edo University Iyamho’s first convocation ceremony

Fifty pioneer students of Edo University, Iyamho, will this Saturday graduate in the institution’s first convocation ceremony.

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Governor David Nweze Umahi

Ebonyi governor presents 178 billion budget for 2020

Gov. David Umahi of Ebonyi on Friday, presented a budget of N178.1 billion for 2020 to the state House of Assembly.

Adams Oshiomhole welcomes Osagie Ize-Iyamu to APC, denies house arrest claims

The National Chairman of All Progressives Congress (APC), Adams Oshiomhole, has denied reports that he was placed under house arrest in Edo.

AEDC: Some Abuja residents to experience power disruption Saturday, Sunday

The Abuja Electricity Distribution Company (AEDC), says customers in parts of Central Area, Abuja will experience power interruption on December 14 and 15 due to maintenance of its facility. .
Kabiru Dogo

Kabiru Dogo set to dump Sunshine Stars over ‘interference’

Sunshine Stars head coach Kabiru Dogo may dump the Akure club in the coming days, revealed a source close to the gaffer.
Super Eagles striker Victor Osimhen was left on the bench for the entire duration in Lille’s visit to Chelsea in Tuesday’s UEFA Champions league game.

Victor Osimhen misses late penalty in Lille’s home win against Montpellier

Super Eagles striker Victor Osimhen missed a late penalty but it was not enough to prevent Lille from beating visiting Montpellier 2-1 On the French Ligue 1 on Friday night.