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Nigerian Economy

Zambia Minister of Tourism and Arts, Mr Ronald Chitotella, Sierra-leone Minister of Tourism and Cultural Affairs, Dr Memunatu Pratte, and Nigeria Minister of Information and Culture Alhaji Lai Mohammed at the 11th Tourism Investment and Business Forum for Africa in Madrid, Spain on Thursday

Lai Mohammed: Creative Industry the fastest growing sector of Nigerian economy

The Minister of Information and Culture, Alhaji Lai Mohammed says Creative Industry is the fastest growing sector of the Nigerian economy in terms of business opportunities, employment generation, earnings as well as entertainment.
The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade.

IMF sets Nigeria’s 2020 growth projection at 2.5 percent

The International Monetary Fund (IMF) in its World Economic Outlook (WEO) released Monday has projected that the Nigerian economy will grow at 2.5 per cent this year and next year, same as it had predicted in its October 2019 WEO.

Report: Foreign rice in Nigerian markets now at 37 percent

In the survey and investigations carried out, Nigerian rice namely: Umza and Fursa Crown from Kano, Mama Happy from Niger, Labana Rice from Kebbi, Olam Rice from Nasarawa, Abakaliki Rice from Ebonyi, Ofada Rice from Ogun State, Swomen Dama from Plateau, Lake Rice of Lagos/Kebbi States among others have dominated the Nigerian Rice markets.

NSE optimistic on bullish market as equities’ return rises to N1.35 trillion

The Nigerian Stock Exchange (NSE) has expressed optimism that the current recovery at the stock market will be sustained. Its optimism is based on the improved macroeconomic conditions and favourable global economic outlook.

Cross River deputy speaker calls for more investment in agriculture

Mr Joseph Bassey, Deputy Speaker of Cross River House of Assembly has called on government at all levels to explore the agricultural sector with a view to improve on the nation’s economic.

Ministry, Dangote Group partner on Foreign Trade Academy

The Minister of Industry, Trade and Investment, Mr Richard Adebayo, said that the ministry would partner Dangote Group to set up a Foreign Trade Academy.
Abike Dabiri-Erewa

NIDCOM: Stronger Nigeria-Indian diaspora partnership capable of transforming world

Mrs Abike Dabiri-Erewa, the Chairman/CEO, Nigerians in the Diaspora Commission (NIDCOM), has said that stronger partnership between intelligent Nigerians and Indians in Diaspora is capable of transforming the world.

Farmer urges federal government to extend border closure to five years

A member of the Lagos State Chapter of the Poultry Association of Nigeria told the Federal Government on Tuesday to extend the closure of land borders to a minimum of five years.
President Muhammadu Buhari, on Tuesday, said the legacies of former South African President, Nelson Mandela, should continue to inspire African leaders on the need to make sacrifices for the good of their countries.

Group lauds President Buhari over NCC appointment

A socio-political group known as South-East Youths Development Initiative, has praised President Muhammadu Buhari for appointing Mr Uche Onwude as a Non-Executive Commissioner of the Nigeria Communications Commission (NCC).
Mrs Abike Dabiri-Erewa, the Chairman of Nigerians in Diaspora Commission (NIDCOM), on Saturday said the commission was pressing seeking an amendment of the Electoral Law to enable more than 20 million Nigerians living abroad to vote in country’s general election.

NIDCOM: 20 million Nigerians in diaspora deserve voting right

Mrs Abike Dabiri-Erewa, the Chairman of Nigerians in Diaspora Commission (NIDC), on Saturday said the commission was pressing seeking an amendment of the Electoral Law to enable more than 20 million Nigerians living abroad to vote in country’s general election.
Senate President Ahmed Lawan

Senator Lawan: Nigeria’s economy will witness significant boost next year

President of the Senate, Ahmad Lawan, has said that the passage of the 2020 Budget by the National Assembly and its prompt assent by `will have significant impact on the country’s economy starting from January next year.
Keun Wood Paik; President of the Senate, Ahmad Ibrahim Lawan, and President and Chief Executive Officer of Hyundai Engineering and Construction Company, Chang Hak Kim, during the courtesy visit of Hyundai Engineering President/CEO to the Senate President at the National Assembly, Abuja, on Wednesday, December 18, 2019.

Senate president assures investors of protection, support

President of the Senate, Ahmad Lawan, on Wednesday assured investors who are willing and ready to invest into the Nigerian economy of adequate protection and support.

N135 billion debt: AMCON faults Senator Ubah’s claims

The Asset Management Corporation of Nigeria (AMCON) on Thursday presented what it described as the ‘correct account’ in the case between the corporation and Senator Ifeanyi Ubah over alleged N135 billion bad debt.

Central bank moves to tackle bank debtors

The Central Bank of Nigeria (CBN) said on Tuesday that it has put in place new policy initiatives and strategies to ensure that bank debtors no longer escape from sanctions.

Central bank expects 2.38% GDP growth by Q4

The Central Bank of Nigeria (CBN) expects to achieve 2.38 per cent Gross Domestic Product (GDP) growth rate in the fourth quarter of this year.

Experts advise governments to use capital market for infrastructure funding

Private and public sectors experts have advised governments at all levels to use the capital market to bridge funding gap and develop much-needed infrastructure.

Minister: Federal government to prioritise 80 out of 524 ongoing road projects

The Minister of Works and Housing, Babatunde Fashola, has said 80 out of 524 ongoing road and bridge projects across the nation will be prioritised.

Federal government saves $1.3 trillion from central bank’s intervention programmes

The Deputy Governor, Corporate Services of the Central Bank of Nigeria, Edward Lamatek Adamu has revealed that the plethora of economic interventions of the apex bank have saved the federal government about N1.3 trillion via import bills.

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The Federal Ministry of Health through the Nigeria Centre for Disease Control (NCDC) has formally announced the inclusion of three new laboratories into the national yellow fever-measles-rubella laboratory network 7

Yellow fever: Institute, NCDC train laboratory scientists

The Institute of Human Virology Nigeria (IHVN), has organised a special training toward strengthening the country’s capacity to prevent and respond to diseases outbreak.
The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

Malabu scam: AGF Bello Adoke, others plead not guilty

The former Attorney-General of the Federation (AGF), Mohammed Adoke, and six other co-defendants charged with 42 counts in connection with the controversial 1.09 billion dollars settlement agreement on Malabu Oil Block, on Thursday pleaded not guilty.

NUJ chief calls for constitutional roles for traditional rulers

Chief Chris Isiguzo, the National President, Nigeria Union of Journalists (NUJ), on Thursday advocated for constitutional roles for traditional rulers in the country.
The inauguration of the much-talked about South West security outfit, Operation Amotekun, is about to begin at the Oyo State Governor’s Office, State Secretariat in Agodi, Ibadan.

AGF: Operation Amotekun remains an illegal entity

For the second time in about a week, the Federal Government has declared the Southwest Security outfit, Operation Amotekun, as an illegal entity not known to the constitution of Nigeria and which can never be allowed to stand.
Popular Nigerian rapper Onome Onokohwomo a.k.a Yung6ix took to his twitter handle to express his grievances towards Nigerian rapper MI Abaga.

Yung6ix calls out MI over nonsupport

Popular Nigerian rapper Onome Onokohwomo a.k.a Yung6ix took to his twitter handle to express his grievances towards Nigerian rapper MI Abaga.