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The Vice President, Prof. Yemi Osinbajo, on Thursday, said Nigeria requires about $3tn over the next 30 years to bridge the infrastructure gap across the country.
As part of efforts to support economic recovery and propel the quest to return to the growth path, the Central Bank of Nigeria (CBN) has approved the release of banks’ excess cash reserve requirement (CRR), which is above the regulatory minimum.
Permanent Secretary, Ministry of Communications and Digital economy, Musa Istifanus, has maintained that digital technology will help enhance the socio-economic development of the country by increasing the contribution of ICT to the GDP.
Inflation in Sudan has risen to one of the highest levels in the world, and the country risks slipping into hyperinflation unless it gets its budget deficit and money supply under control, economists say.
On the same day, Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, while speaking at the 55th Annual Bankers Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, predicted a two per cent growth in the country’s Gross Domestic Product (GDP) in 2021.
The Minister of Information and Culture, Alhaji Lai Mohammed, says the news of Nigeria entering recession marks a positive development for the nation’s economy.
The Federal Government has allayed fears in some quarters that the current economic recession in the country will affect the prompt payment of workers’ salaries in November and December 2020.
The Director General, National Information Technology Development Agency (NITDA), Kashifu Abdullahi, has advocated for integration of digital technology to boost Nigeria’s agricultural sector.
Civil Society Organisations, CSOs, Monday, expressed dismay over alleged poor management of economy following the recession that struck the economy at the weekend as reported by the National Bureau of Statistics, NBS.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Monday, said the country will exit the current recession by the first quarter of 2021.
As Nigeria slips into recession for the second time in five years, President Muhammadu Buhari, says it came about because of the severity of the global economic downturn caused by the COVID-19 pandemic.
Business experts have expressed confidence that the Lagos Free Zone (LFZ) has the capacity to contribute to Nigeria’s Gross Domestic Product (GDP) when fully developed.
The Nigeria Bureau of Statistics (NBS), has said the information and communication sector contributed 9.57 per cent to the overall Gross Domestic Products (GDP) in the country’s third quarter in 2020.
The Lagos Chamber of Commerce and Industry (LCCI) says the nation’s economic contraction of 3.62 per cent of the third quarter against the 6.1 per cent of the second quarter of the year may indicate that the worst is over.
The Nigerian Bureau of Statistics (NBS) has said Nigeria’s Agricultural sector contributed 30.77 per cent to the overall Gross Domestic Product (GDP) of the country in the third quarter of 2020 (Q3 2020).
Top officials of the UN have underlined the dangers of nationalism in the response to the global coronavirus (COVID-19) pandemic.
Dr Joe Nworgu, former Secretary General of Ohaneze Ndigbo says Ohaneze might lose its potence as voice for Igbos if politicians are allowed to interfere in the January 2021 elections.
Low economic indicators are the main reasons why Boko Haram activities and other related crimes have been on the rise lately in the northeast of Nigeria, a new research group has stated.
The FCT Minister, Malam Muhammad Musa Bello, has received the report of the Ministerial Committee set up to assess losses and damages occasioned by the #EndSARS unrest in the territory.
Enyimba FC of Aba will on Sunday host Rahimo of Burkina Faso in the second leg of the preliminary round of the 2020/21 CAF Champions league.
Mohsen Fakhrizadeh, who had little public profile in Iran but had been named by Israel as a prime player in what it says is Iran’s nuclear weapons quest, was killed on Friday when he was ambushed on a highway near Tehran and his car sprayed with bullets.
Former US presidents Barack Obama, George W Bush and Bill Clinton are volunteering to take a coronavirus vaccine on camera if it will help promote public confidence.
Atletico Madrid coach Diego Simeone applauded and had tears in his eyes during the minute's silence for Diego Maradona at the Mestalla.
Former Senate President, Dr Bukola Saraki, has cautioned the National Chairman of the Peoples Democratic Party (PDP), Prince Uche Secondus, against interfering with the party’s ongoing reconciliation efforts.
One person has been confirmed dead with at least four buildings razed down in what appears to be renewed cult clash in Ughelli, headquarters of Ughelli North local government area of Delta State.