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Economic Recovery

IMF decries slow pace of economic recovery in Nigeria

The International Monetary Fund (IMF) has decried the slow pace of economic recovery in Nigeria, warning its declining real incomes and weak investment have continue to weigh in on economic activity.

Nigeria’s Bonny Light rises to $64.30 per barrel

THE price of Bonny Light, Nigeria’s premium oil grade, has risen from $63.00 to $64.30 per barrel at the international market, the highest in the past three weeks.
The Centre for Anti-Corruption and Open Leadership, CACOL, has commended the Muhammadu Buhari’s government’s support for the quick establishment of specialized courts to try corruption and its allied cases for speedy determination of such cases within a stipulated time in order to bring culprits to book and discourage penchant for embezzlement and other forms of grand corruption.

President Buhari renews call on states to intensify anti-corruption war

President Muhammadu Buhari has renewed his call on state governments to double their efforts in the anti-corruption battle as the gains of their collective collaboration continue to face the dangers of annihilation if corruption persists at sub-national levels.
Minister of Mines and Steel Development, Olamilekan Adegbite, gave the hint at a meeting with the Mining and Solid Minerals Group of the Lagos Chamber of Commerce and Industry in Abuja.

Minister: Federal government committed to improving welfare of Nigerians

Olamilekan Adegbite, Minister of Mines and Steel Development, said that the Federal Government was working assiduously to improve the welfare of Nigerians.
The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo, has said the Federal Government will welcome long-term agribusiness activities coming from Russia to Nigeria.

Federal government will welcome Russia’s agribusiness in Nigeria – minister

The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo, has said the Federal Government will welcome long-term agribusiness activities coming from Russia to Nigeria.
President Buhari at the event

World Bank ease of doing business latest ranking excites President Buhari

President Muhammadu Buhari has expressed delight with the World Bank’s 2020 Doing Business Index (DBI) which ranked Nigeria 131 out of 190 countries, up 15 places from 146th position last year.

2023 Presidency: Ex-PSC commissioner canvasses for Ndigbo

Simon Okeke, former Police Service Commissioner, has pleaded with Arewa, Afenifere and other socio-cultural groups in the country to allow South East produce President Mohammadu Buhari’s successor in 2023.
Japan’s economy minister Yasutoshi Nishimura has said on Thursday that the country has not fully emerged from deflation and that the government and the central bank will take all necessary steps to ensure a sustained economic recovery.

Japan yet to completely emerge from deflation – minister

Japan’s economy minister Yasutoshi Nishimura has said on Thursday that the country has not fully emerged from deflation and that the government and the central bank will take all necessary steps to ensure a sustained economic recovery.

IMF advises Nigeria on reducing vulnerabilities, boosting growth

The International Monetary Fund (IMF) has advised the federal government to take action on a coherent and coordinated set of policies to urgently reduce vulnerabilities and increase growth over the medium term.

Report: Why Nigeria’s economic growth is slow

The decline in government revenues and the slow and uneven growth in key sectors of the economy are key factors in the stagnation of the nation’s economic development, an economic analysis conducted by the Centre for Democracy and Development (CDD) shows.

Kano restates commitment to local and foreign economic partners

Kano State Governor Abdullahi Umar Ganduje has restated his commitment to partner with relevant agencies to ensure greater economic transformation in the state.

Official: North East recovery plan targets 14 million victims of insurgency

Nearly 14 million people affected by insurgency are to benefit from President Muhammadu Buhari’s five-year recovery plan for states in the North East zone of the country.
Muhammadu Buhari

President Buhari: Federal government committed to economic recovery

President Muhammadu Buhari has reiterated the Federal Government’s commitment to economic recovery and growth plan across the country.
President Buhari inaugurates APC Women and Youth Campaign Team at the State House on 3rd Dec 2019-5

President Buhari: This is my last contest

President Muhammadu Buhari, the All Progressives Congress (APC) presidential candidate, in Saturday’s election has said, this will be the last time he would be contesting for elections.
Zainab Ahmed

Minister: No cause for alarm over federal government’s borrowing plan

The Minister of Finance, Mrs Zainab Ahmed, has assured Nigerians that there is no cause for alarm over Federal Governments’ borrowing as it still remained within the fiscal limits.

Minister: We will not rest until Nigeria produces Noble Laureates in Chemistry, Physics

The Minister of Science and Technology, Dr Ogbonnaya Onu, has reiterated Federal Government’s determination to continue to work until the country produces Noble Laureates in Chemistry, Physics and Medicine, while advancing science and technology.

Egypt mulls changing constitution to keep Abdel Fattah al-Sisi in power

Supporters of Egyptian President Abdel Fattah al-Sisi are calling for constitutional changes that would allow him to stay in power once his second term ends in 2022.

TETfund: Nigeria to become 14th best global economy by 2050

The Tertiary Education Trust Fund has predicted Nigeria would become the 14th best economy in the world by 2050.

Recent Stories

Lagos shuts down 20 health facilities

Lagos Health Facility Monitoring and Accreditation Agency has shut down 20 health facilities in the month of January for non-compliance with regulatory standards.
Remo Stars’ Vice-Captain and defender Tiyamiyu Kazeem has been allegedly shot dead in Sagamu, Ogun State, by unknown gunmen.

Nigeria mourns slain footballer as police deny brutality

Nigeria mourned on Sunday the 'untimely death' of footballer Kazeem Tiyamiyu locally known as Kaka after he was knocked down and killed by a car in an apparent hit-and-run.

Ethiopia: 29 injured in ‘bomb attack’ at pro-Abiy rally

A “bomb attack” on a rally in support of Ethiopian Prime Minister Abiy Ahmed injured nearly 30 people Sunday, a police official said, in the latest sign of instability ahead of elections in August.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Rival cult members arrested in Lagos

The Lagos State Police Command has arrested members of ‘Aiye’ and ‘Eiye’ confraternity who engaged themselves in a battle for supremacy over the weekend at Iso Isu area of Ijora Badia.
“In his speech, Tamimi spoke at length about Rimi and his jihadi journey, and stated that Khalid bin Umar Batarfi is the new leader of AQAP,” it said.

SITE: Al-Qaeda group confirms death of leader, appoints successor

“In his speech, Tamimi spoke at length about Rimi and his jihadi journey, and stated that Khalid bin Umar Batarfi is the new leader of AQAP,” it said.