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Border closure not sustainable – EAC chief

Chairman of the federal government Economic Advisory Council, Dr. Doyin Salami, has said border closure was not a sustainable strategy.
Vice President Yemi Osinbajo.

VP Osinbajo: Nigeria needs $3 trillion to bridge infrastructure gap

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.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN releases banks’ excess CRR to spur economic recovery

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.

Official: Digital technology will enhance Nigeria’s socio-economic development

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.
Stanbic IBTC

Stanbic IBTC Bank commits to economic growth

During the session, panellists discussed the challenges which confronted Nigeria-China trade relations as a result of the COVID-19 pandemic, as well as the impact of recent regulatory pronouncements on trade between both countries.
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.

Sudan inflation soars, raising spectre of hyperinflation

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.

Nigerian government seeks new Eurobond

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.
Lai Mohammed is the current Nigeria's Minister of Information and Culture. A Nigerian lawyer, and former National Publicity Secretary of the All Progressives Congress.

Nigeria’s economy doing well in spite of recession – minister

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.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

We’ll pay workers November, December salaries – minister

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 Agency (NITDA), Kashifu Inuwa Abdullahi, has described the African Continent as a centre with great potentials especially in the development and domestication of digital innovation.

NITDA canvasses adoption of digital technology to boost agriculture

The Director General, National Information Technology Development Agency (NITDA), Kashifu Abdullahi, has advocated for integration of digital technology to boost Nigeria’s agricultural sector.

Recession: CSOs express dismay over alleged poor management of economy

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.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

Nigeria will exit recession in first quarter of 2021 – minister

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.
President Muhammadu Buhari, on Friday, said the Federal Government would engage the services of members of the National Youth Service Corps to champion the implementation of the Sustainable Development Goals 2030 at the grassroots.2

President Buhari: Coronavirus caused Nigeria’s recession

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.

Lagos Free Zone has capacity to contribute to Nigeria’s GDP

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.

NBS: Nigeria’s ICT sector contribution to GDP declines

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.
NECA’s Director-General, Mr Timothy Olawale, who made the call on Tuesday in Lagos, called for more specific and direct business sustainability schemes, to save the private sector.

NECA calls for urgent economic recovery effort

The Nigeria Employers Consultative Association (NECA) has called for urgent economic recovery effort in view of the Gross Domestic Product (GDP) data released by the National Bureau of Statistics (NBS).

Recession: The worse may be possibly over – Lagos chamber

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 Central Bank of Nigeria (CBN), said more than one million smallholders farmers had access to finance through its Anchor Borrowers Programme.

NBS: Nigeria’s agric sector GDP contribution improves in Q3 2020

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).

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UN again warns against nationalism in coronavirus response

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Ohaneze elections: Former scribe warns against political interference

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.

Why Boko Haram activities, crime are rising in northeast – Group

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.

#EndSARS: FCT minister receives report on damage assessment

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 is not under pressure to carry the hope of the Nation on their shoulders on the continent in the season’s campaign Midfielder Austin Oladapo has said.

Enyimba host Rahimo in CAF Champions League

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.