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The Director-General of National Agency for Food and Drug Administration and Control (NAFDAC), Mojisola Adeyeye has criticised the overdependence on importation in Nigeria.

Survey rates NAFDAC high on efficient service delivery

A recent research titled, ‘Transactional Accountability, Process Consistency and Operational Transparency- A Report on NAFDAC,’ has adjudged the National Agency for Food and Drug Administration and Control (NAFDAC) as one of the best performing MDAs in terms of satisfaction of its clients.
The former President of Nigeria, Olusegun Obasanjo, has lamented the fate of over 14 million out of school children in Nigeria, declaring that lack of formal education and stagnated development are some of the biggest problems confronting the country.

Ex-President Obasanjo decries fate of Nigeria’s 14 million out-of-school children

The former President of Nigeria, Olusegun Obasanjo, has lamented the fate of over 14 million out of school children in Nigeria, declaring that lack of formal education and stagnated development are some of the biggest problems confronting the country.

Central bank orders Bureau de Change operators to sell dollar at N392

The Central Bank of Nigeria (CBN) has instructed Bureau De Change (BDC) operators in Nigeria to sell dollars at N392 to end-users.

NGO: Nigeria in recession due to over-reliance on oil

Lillian Akhigbe, Communications Manager, in a statement on Thursday, noted that successive governments at all tiers neglected Small and Medium-scale Enterprises (SMEs).
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.

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.
Minister of Finance, Zainab Ahmed

Recession: Nigeria doing better than some other economies – minster

Zainab Ahmed, the minister of finance, budget and national planning, says the recession will be short-lived.

PDP accuses President Buhari of plunging Nigeria into recession

The Peoples Democratic Party (PDP) yesterday called on President Muhammadu Buhari and his party, the All Progressives Congress (APC), to accept their failure and allow competent, transparent and honest hands to effectively manage the economy, as that is the only way to save Nigeria from an imminent economic collapse.
Kola Ologbondiyan

PDP: Second recession proves President Buhari lacks competence to run economy

The Peoples Democratic Party (PDP) has affirmed that two recessions under the present dispensation is an indication of the lack of competence on the part of President Muhammadu Buhari to manage the Nigerian economy.

Peace Corps cautions against growing youth unemployment rate

The Peace Corps of Nigeria (PCN) has raised concerns over the growing rate of youth unemployment in the country, warning that it is a time bomb capable of devastating the future of the nation if not immediately tackled.
4. President Muhammadu Buhari is currently presiding over the 24th virtual Federal Executive Council, FEC, meeting at the Council Chamber, Presidential Villa, Abuja.

Recession: SERAP asks President Buhari to cut cost of governance, not public services

Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to President Muhammadu Buhari urging him “to put the country’s resources at the service of human rights, and to support the less well-off to enjoy an adequate standing of living through cutting the cost of governance and implementing bold transparency and accountability measures in your government’s response to Nigeria’s second recession in five years.”

MAN, LCCI others blame recession on coronavirus, #EndSARS crisis

Nigeria has formally entered its second economic recession in five years as the severe impact of the COVID-19 pandemic on global crude oil prices and restrictions imposed to curb the virus caused the nation’s economy to contract for the second consecutive quarter by 3.62 percent in the third quarter of 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.

Recession: Financial expert seeks aggressive implementation of ESP

Uche Uwaleke, Professor of Finance and Capital Market, has called for early passage of the 2021 Appropriation Bill and aggressive implementation of the Economic Sustainability Plan (ESP), as the country enters recession.

Nigeria officially enters another recession as GDP contracts by 3.62% in Q3’ 2020

National Bureau of Statistics (NBS) said that the nation’s economy has formally entered into recession as the Gross Domestic Product (GDP) contracted for the second consecutive quarter by 3.62 percent in the third quarter of 2020.

Recent Stories

The first doses of the Pfizer-BioNTech vaccine against COVID-19 will be administered in the UK on Tuesday, Chris Hopson, head of NHS Provider, a membership organisation for the National Health Service trusts in England, announced yesterday.

UK to start coronavirus vaccinations on Tuesday

The first doses of the Pfizer/BioNTech vaccine against COVID-19 will be administered in the UK on Tuesday, Chris Hopson, head of NHS Provider, a membership organisation for the National Health Service trusts in England, announced yesterday.
Benin has set up an electricity production company, called Beninese Electricity Production Company (SBPE), to achieve its dream of energy autonomy, the Council of Ministers indicated on Friday in Cotonou.

Benin to set up electricity production company

Benin has set up an electricity production company, called Beninese Electricity Production Company (SBPE), to achieve its dream of energy autonomy, the Council of Ministers indicated on Friday in Cotonou.
Everton manager Carlo Ancelotti believes Alex Iwobi needs more confidence to play in the wingback position for Everton.

Gabby Agbonlahor: Alex Iwobi is not a defender

Former Aston Villa forward Gabby Agbonlahor has insisted Alex Iwobi is not a defender and Everton should recruit full-backs during the January transfer window.
Felix Owolabi has advised Nigeria national team coach Gernot Rohr to build his team around Napoli forward Victor Osimhen, who he described as a ‘matchmaker.’

Napoli establish Individual training, therapy for Victor Osimhen

Osimhen continues to work separately and received therapy for his shoulder injury. The Nigerian centre-forward worked on his fitness in the gym and will not be back in action this
President Nana Addo Dankwa Akufo-Addo of the New Patriotic Party and former President John Dramani Mahama of the National Democratic Congress signed the six-point pact to ensure peace before, during and after the 2020 general elections. This is the third such pact since 2012.

Ghana’s two main presidential candidates sign peace pact

President Nana Addo Dankwa Akufo-Addo of the New Patriotic Party and former President John Dramani Mahama of the National Democratic Congress signed the six-point pact to ensure peace before, during and after the 2020 general elections. This is the third such pact since 2012.