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Nigerian Economy

ITF: Nigerians lack skills to fill vacancies in 925 trades in Nigeria

Despite the increasing wave of unemployment in Nigeria, the Director General of Industrial Training Fund (ITF), Joseph Ari, said it was difficult and hard to fill in vacancies that existed in 925 trades in the country’s labour market due to lack of requisites skills.
President Buhari swears In Acting Chief Justice of Nigeria Justice Ibrahim Tanko Mohammed in State House on 25th Jan 2019-6

President Buhari assents to law protecting consumers

The Act establishes the Federal Competition and Consumer Protection Commission as well as the Consumer Protection Tribunal to try violations.
President Buhari presents 2019 Budget to the National Assembly on 19th Dec 2018-5

Experts decry budget delays, seek quick passage of 2019 budget

Financial experts on Monday called for speedy passage of the 2019 budget saying incessant delay in the approval of budgets over the years contributed to the downturn in the economy.
Nigeria's Budget Minister Udoma Udo Udoma speaks during the public presentation and breakdown of 2018 Appropriation Act in Abuja, Nigeria.

Minister: Nigeria’s economy will increase its growth trajectory in 2019

The Minister of Budget and National Planning, Senator Udoma Udo Udoma is optimistic that the Nigerian economy will continue to maintain its recovery in 2019 as the real GDP growth is expected to increase from 0.8% in 2017 to 2.1% in 2018 and 3.01% in 2019, with the sustained implementation of the ERGP.
Presidential flag bearer of the Peoples Democratic Party and former Vice President, Atiku Abubakar on Thursday met in Abeokuta with former president Olusegun Obasanjo, David Oyedepo, others.

Ex-President Obasanjo: Why I want Atiku Abubakar to be president

Former President Olusegun Obasanjo has pointed out that Atiku Abubakar, the Peoples Democratic Party’s (PDP) presidential candidate, would be a president to all Nigerians and not president to only those who would vote for him.

Federal government is not panicking over oil falling prices

The Minister of Information, Lai Muhammed, yesterday disclosed that the federal government was not panicking despite the drastic fall in oil prices since the second half of 2014.
Nigerian American Business Forum (NABF)

US-based Nigerians to attract $3 billion investment to Nigeria

A Nigerian professional forum in the U.S. have put measures in place to attract an estimated $3 billion investment into the Nigerian economy in the next three years.

The self-destructive, unforced error of fuel subsidy

The above quote is probably synonymous with the popular definition of insanity as “the continuous repetition of the same process with the same wrong results, and still expect a positive difference at each turn.”
Omoyele Sowore

Omoyele Sowore: I won’t run a government of body language

The presidential candidate of African Action Congress, Omoyele Sowore, has said that he would not run a government of body language if elected into office because he would be involved.
President Muhammadu Buhari says since 1978 when he was named the minister of petroleum till date, he has not lost interest in the oil sector.

President Buhari campagn train storms Enugu Thursday

Foreign Affairs Minister, Geoffrey Onyeama, says the South-East has a better deal in the re-election of President Muhammadu Buhari in Feb. 16 presidential election.

Godwin Emefiele: Atiku Abubakar’s monetary policy agenda disastrous

Central Bank of Nigeria (CBN) Governor Godwin Emefiele has warned that the Peoples Democratic Party (PDP) presidential candidate’s suggestion that the exchange rate should be free float is a recipe for disaster.

Refinery: Federal government will source forex from Dangote – CBN chief

The Federal Government will soon start sourcing foreign exchange (forex) from Dangote Group, as soon as the latter’s refinery, petrochemicals and fertilizer projects come on stream.
Three Presidential Candidates, Oby Ezekwesili of the Allied Congress Party of Nigeria (ACPN), Fela Durotoye of the Alliance for New Nigeria (ANN) and Kingsley Moghalu of the Young Progressives Party (YPP) on Saturday clashed on the economy in the televised debate held at the Transcorp Hilton Hotel, Abuja.

Oby Ezekwesili, Fela Durotoye, Kingsley Moghalu reel out economic plans for Nigeria

Three Presidential Candidates, Oby Ezekwesili of the Allied Congress Party of Nigeria (ACPN), Fela Durotoye of the Alliance for New Nigeria (ANN) and Kingsley Moghalu of the Young Progressives Party (YPP) on Saturday clashed on the economy in the televised debate held at the Transcorp Hilton Hotel, Abuja.
Atiku Abubakar, Bukola Saraki, Ben Murray-Bruce in the US. Twitter-Ben Murray-Bruce

Peter Obi: Why Atiku Abubakar travelled to US

The running mate to Alhaji Atiku Abubakar in the forthcoming 2019 general election on the platform of the Peoples Democratic Party, Peter Obi, has described his principal’s trip to the United States of America as necessary and not undertaken to prove any point.

AfDB approves $14.12 million to facilitate Nigeria’s ATI membership

Soothing news came the way of Nigeria on Tuesday as the African Development Bank (AfDB), through its trade finance operations, has approved $14.12 million facility to support the Nigeria’s membership of African Trade Insurance (ATI) Agency.

FIRS breaks all-time record, generates N5.3 trillion in one year

Federal Inland Revenue Service (FIRS) has broken Nigeria’s all-time revenue generation record, after generating N5.3 trillion in 2018.

Lagos chamber: Reforms required to sustain macroeconomic stability in 2019

Given the challenging economic conditions the country is facing, the Lagos Chamber of Commerce and Industry (LCCI) has stressed that key policy reforms will be imperative to support and sustain macroeconomic stability.

TETfund: Nigeria to become 14th best global economy by 2050

The Tertiary Education Trust Fund has predicted Nigeria would become the 14th best economy in the world by 2050.

Recent Stories

Police officer, 8 others killed in Rivers

At least nine persons including a police officer, have been reportedly killed by gunmen at different locations in three local government areas of Rivers State.

Election postponement: APC manipulating INEC to rig polls – Senator Jang

Former Governor of Plateau State and Senator representing Plateau North, Dr Jonah David Jang, has accused the All Progressives Congress (APC) of manipulating the Independent National Electoral Commission (INEC) to enable them rig the rescheduled Presidential and National Assembly Elections.

Labour Party candidate receives postponement news with mix feeling

The Labour Party governorship candidate in Kwara state, Issa Aremu, has said the postponement of the general elections by the Independent National Electoral Commission (INEC), was accompanied with mixed feelings.
The Chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, has ruled out political influence in the postponement of the Presidential and National Assembly elections earlier scheduled to hold on February 16 and March 2, 2019.

INEC rules out political influence in election postponement

The Chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, has ruled out political influence in the postponement of the Presidential and National Assembly elections earlier scheduled to hold on February 16 and March 2, 2019.
Adams Oshiomhole

Adams Oshiomhole: Nobody had clue elections won’t go on

The National Chairman of the All Progressives Congress, Adams Oshiomhole, has condemned the postponement of the general elections by the Independent National Electoral Commission.