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IMF cuts 2019 global growth estimate to 3 percent

The world economy is slowing to its weakest pace since the global financial crisis, amid continuing trade conflicts that have undercut business confidence and investment, the IMF said Tuesday.
A statue of Alfred Nobel at the Karolinska Institute in Stockholm. The Nobel Memorial economics prizewinner will be announced on Monday. Jonathan Nackstrand-AFP-Getty Images

Nobel season wraps up, Economics prize to be announced today

This year’s Nobel season has only honoured one woman — Polish writer Olga Tokarczuk in Literature — with just one prize left to be announced on Monday: the Economics Prize, which has only once gone to a woman in its 50 years of existence.
Chatham House

Chatham House: $582bn stolen from Nigeria since 1960

An estimated $582 billion has been stolen from Nigeria since independence in 1960.

Pastor Sam Adeyemi: It’s propaganda to say churches have money

The Senior Pastor of Daystar Christian Centre, Sam Adeyemi, on Monday said that most churches in the country were financially stranded due to lack of financial management skills by their leaders.
Smoke billowing after a fire at a Saudi Aramco factory in Abqaiq, Saudi Arabia, on Saturday. VIDEOS OBTAINED BY REUTERS-REUTERS

Oil prices surge by 20 percent on drone strike on Saudi Arabia

Crude oil prices have surged more than 19 per cent after a drone strike on a Saudi Arabian oil facility wiped out about five per cent of global supplies.

World Bank: Neglect of agriculture cost Nigeria $10 billion annually

The World Bank’s Senior Agriculture Economist, Adetunji Oredipe, says Nigeria’s neglect of the agricultural sector has cost the country about $10 billion annually.
The Central Bank of Nigeria (CBN), said more than one million smallholders farmers had access to finance through its Anchor Borrowers Programme.

World Bank: Agric sector neglect costs Nigeria $10 billion annually

Nigeria’s continued neglect of its agriculture sector is costing a loss of about $10 billion to its economy every year, the World Bank has said.
Sudan’s main opposition alliance will nominate economist Abdalla Hamdok to serve as prime minister in the country’s transitional government, sources told Reuters on Thursday.

Sudan opposition picks economist as first post-Bashir prime minister

Sudan’s main opposition alliance will nominate economist Abdalla Hamdok to serve as prime minister in the country’s transitional government, sources told Reuters on Thursday.

Re-capitalisation: Economist wants banks to ensure positive impact

An economist, Dr Boniface Chizea, has urged commercial banks and the Central Bank of Nigeria (CBN) to work together to ensure the proposed re-capitalisation had positive impacts on their operations and economy at large.
Photos- President Buhari participates in Swearing-In Ceremony at the Eagle Square in Abuja on 29th May 2019 3

The Economist predicts more misery for Nigerians under President Buhari

In a report on Thursday, the magazine said more Nigerians slipped into poverty during Buhari’s first term while the country’s economy “stuck like a stranded truck.”
President Muhammadu Buhari

Economist: Projections in 2019 budget achievable

An economist, Mr Chijioke Ekechukwu, says the 2019 budget will keep the economy busy and afloat if fully implemented, especially as capital vote constitutes about 30 per cent of the budget.

Expert urges central bank to sustain ban on 40 items to promote local production,...

An Economist, Mr Rasheed Yusuf, has urged CBN to sustain its ban on 40 items from accessing foreign exchange at the official window to promote their local production and generate more jobs.
Ekiti State Governor Kayode Fayemi

Governor Fayemi optimistic his cabinet‘ll transform Ekiti

Ekiti State governor, Dr Kayode Fayemi, has expressed optimism that the just concluded three-day retreat of top government functionaries in the state has fired up members of his cabinet and the leadership of the public service in the state for optimum service delivery.
Abiodun Adedipe

Economist challenges classification of Nigeria as world poverty capital

Nigeria is not the poverty capital of the world, Abiodun Adedipe, an economist and member of the Nigerian Economic Summit Group, has said.
President Buhari meets with Select Nigerians in Dubai, departs Dubai and Arrives Abuja on 9th April 2019 1

Economist hails President Buhari’s disposition to Free Africa Trade Agreement

A Warri-based Economist, Dr Fred Atigbi, has applauded President Muhammadu Buhari’s refusal to acede to the “Free Africa Trade Agreement”.
national assembly abuja

Experts: Delay in passing 2019 budget will cause inflation, affect GDP

Economic and financial experts have said delay in passing the 2019 budget will cause inflation and also affect the country’s Gross Domestic Product (GDP).

Ex-VP Sambo canvasses full implementation of local content policy

A former vice president, Namadi Sambo, on Tuesday canvassed more support to the ongoing efforts of the federal government to diversify the nation’s economy.

Misery Index: Nigeria not a miserable country

In a report titled: “The Misery Index 2018,” authored by Dr. Steve Hanke of the Johns Hopkins University in Baltimore, Maryland, Nigerians have been labelled the sixth most miserable people in the world. The misery index was introduced in the 1970s by Arthur Okun, an American economist, author of the seminal work, Equality and Efficiency: The Big Trade Off (1975).

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Udinese defender William Troost-Ekong says he is enjoying the competition in the Super Eagles camp, ahead of other challenges in his club.

Police recruitment: Court adjourns for PSC to respond to AGF’s application

The Federal High Court, Abuja, on Wednesday, adjourned till November 20 for the Police Service Commission to respond to the Attorney-General of the Federation’s counter-affidavit in a suit to stop the recruitment of 10, 000 police officers.
Russia's Embassy to Washington says it has lodged a formal diplomatic protest after Israel extradited a Russian national to the United States, where he is suspected of stealing more than $20 million from U.S. consumers through credit card fraud.

Moscow accuses US of ‘hunting’ Russians after Israel extradites suspect

Russia's Embassy to Washington says it has lodged a formal diplomatic protest after Israel extradited a Russian national to the United States, where he is suspected of stealing more than $20 million from U.S. consumers through credit card fraud.
Evo Morales, who resigned as Bolivia’s president Sunday after losing the support of the army and police, has said there is now a warrant for his arrest.

Evo Morales’s topsy-turvy flight into exile

Bolivian ex-president Evo Morales jetted off to exile in Mexico Tuesday in a bizarre flight full of detours that traced the shifting political map of a Latin America racked by crises.
The Federal High Court, Abuja, on Thursday, held that the Independent National Electoral Commission (INEC) was wrong to have excluded candidate of the Social Democratic Party (SDP), Mrs Natasha Akpoti, in the Nov. 16 governorship election in Kogi.

Kogi guber: APC accuses SDP candidate of faking attack on her

The All Progressives Congress (APC) in Kogi State has accused the governorship candidate of the Social Democratic Party (SDP), Natasha Akpoti, of faking the reported attack on her on Tuesday in Lokoja.