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It pointed out that rising oil exports would be the main growth driver for the country in 2021, while consumer spending and business investment were likely to be subdued because of persistently high inflation and the slow rollout of a Covid-19 vaccine.
In the past few years, the Independent Corrupt Practices and Other-Related Offences Commission, as part of its statutory mandate, has been conducting systems study and review of ministries and organisations in the federal public service.
Economic expert, Prof Uche Uwaleke has listed four major lessons to be learnt from National Bureau of Statistics (NBS) report which stated that Nigeria has exited the current economic recession.
Manufacturers and industrialists on Wednesday appealed to the Federal Government and the Central Bank of Nigeria for a review of the available foreign exchange (FX) policies in the country.
Analysts yesterday forecasted a faster economic recovery for Nigeria as crude oil prices, at $60 per barrel, hit a new high since February 2020.
The International Monetary Fund (IMF) on Monday said the Nigerian economy is at a critical juncture, having been weakened by falling per capita income, double-digit inflation, limited buffers, significant governance vulnerabilities, and the global pandemic.
The International Monetary Fund (IMF) says that Nigeria’s outlook remains challenging and charged the federal government to urgently undertake policy adjustments.
The Nigeria Economic Summit Group (NESG) has advised the Federal Government to always consider its economic policy choices, before taking decision, in order to FastTrack economic growth, its recently launched 2021 Economic Outlook has said.
The 36 state governors under the aegis of the Nigeria Governors’ Forum, NGF, have disclosed that the country will take delivery of 80 million doses of COVID-19 vaccines to cover 40 percent of the nation’s population this year, while another 60 million doses were being planned for 2022.
The Central Bank of Nigeria says Nigeria’s Foreign Exchange Reserves rose from $34.94 billion in November 2020 to $36.23 billion as at January 21.
The Central Bank of Nigeria, CBN, yesterday warned the Federal Government (FG) against imposing another total lockdown of the country, saying such a move would be catastrophic to Nigerians and the economy.
As Central Bank of Nigeria (CBN) opens its Monetary Policy Committee (MPC) meeting on Monday, a financial expert, Mr Okechukwu Unegbu, has advised the committee to address rising inflationary rates.
A former member of the House of Representatives and chieftain of the All Progressives Congress (APC) in Lagos State, Moshood Adegoke Salvador, at the weekend came hard on the federal government for its plan to build oxygen plants in 38 locations in the country at cost of N6.8 billion.
The Nigerian government spent N1.85 trillion on food imports in 2020 after it closed the country’s land borders, the chairman of the presidential economic advisory council, Doyin Salami, has said.
An economist, Ms Razia Khan, also Managing Director/Chief Economist, Africa and Middle East, Global Research, Standard Chartered Bank, on Tuesday said Nigeria would see a restoration of positive growth.
As Nigerian and Nigerians grapple with economic recession and second wave of COVID-19 pandemic, Civil Society Organisations, CSOs, Monday, disagreed and condemned the alleged move by the Federal Government to sell public assets to implement 2021 budget.
Fitch Ratings has predicted that Nigeria’s external reserves would rise to $42 billion in 2021, higher than the $35.374 billion it stood at the end of 2020. This is according to figures obtained from the website of the Central Bank of Nigeria (CBN).
The President of the Senate, Ahmad Lawan, has condemned the attack on Friday on Government Secondary School, Jangebe in Zamfara State, where hundreds of schoolgirls were abducted.
The Commander, U.S. Africa Command, U General Stephen Townsend, wrapped up a three-day West African visit February 22-25, 2021, with a stopover in Nigeria to meet with the nation’s leaders and further the long-standing partnership and security cooperation between the two countries.
A civil society in Osun state, Transparency and Accountability Group, (TAG) has dragged the state government before the Economic and Financial Crimes Commission, as well as the Independent Corrupt Practices and other Related Offences, (ICPC) seeking the probe the award the flyover in the state to a contractor without any bidding process.
Nigerian military troops have killed an unspecified number of bandits in numerous air raids conducted in Kaduna State communities over the past two days.
A youth group has called on a former Lagos State Governor and National Leader of the All Progressives Congress (APC), Bola Tinubu, to run for the 2023 presidential election under the platform of the ruling party
Fierce battle between Abubakar Shekau-led Boko Haram and Islamic State West Africa Province (ISWAP) has broken out in the terrorists’ camps leading to the killing of several of their fighters.
Jose Mourinho insists he is still one of the best coaches in the world despite Tottenham’s dismal run hitting a new low with a 2-1 defeat at West Ham on Sunday.
Governors of the 19 Nothern States and traditional rulers of the region are meeting in Kaduna over security challenges bedeviling the region.
As part of reconciliatory moves, the leadership of the Peoples Democratic Party (PDP) has met with the minority leader of the House of Representatives, Hon. Ndudi Elumelu and recognised him as the leader of the party in the green chamber.
The Nigeria Mining Cadastre Office (MCO) has warned speculators to leave the mine field for active and serious investors.