Home Topics Nigerian Economy
The Central Bank of Nigeria (CBN) has unveiled series of guidelines for Non-Interest Financial Institutions under its Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS), Micro, Small and Medium Enterprises Development Fund (MSMEDF), the Accelerated Agricultural Development Scheme (AADS) and seven other intervention schemes in its bouquet.
The Women in Energy Network (WIEN) has accused the Petroleum Products Pricing Regulatory Agency (PPPRA) of secrecy in the computation of the indices guiding pump prices of petroleum products.
Hajia Zainab Ahmed, the Minister of Finance, Budget and National Planning, on Thursday presented the draft 2021 to 2023 Medium Term Expenditure Framework(MTEF) as well as the Fiscal Strategy Paper to the National Economic Council (NEC).
The Federal Government has inaugurated the Joint Planning Committee (JPC) for the 26th Nigerian Economic Summit (NES#26) scheduled to hold in October 2020.
National Information Technology Development Agency (NITDA) has put numerous efforts in creating an enabling environment for the purpose of cushioning the effect of the pandemic and creating more jobs, the director-general of NITDA, Mallam Kashifu Inuwa has said.
Nigerian stocks closed the first half down with average loss of 8.80 per cent, equivalent to net capital depreciation of N1.14 trillion as investors struggled with a threesome of domestic macroeconomic uncertainties, global decline in crude oil price and trade wars and the ravaging COVID-19 pandemic.
Nigeria’s first professor of the Capital Market and former Imo State Finance Commissioner, Prof Uche Uwaleke, on Wednesday described the hike in petrol price from N123.50k/litre to a price band of N140.80 to N143.80 as an indication that the Federal Government was ready to gradually exit the fuel subsidy regime.
The collapse in crude oil prices, coupled with the COVID-19 pandemic, is expected to “plunge the Nigerian economy into a severe recession, the worst since the 1980s”, the World Bank said on Thursday.
Varied reactions greeted Friday’s roll-out of guidelines for Lagos State post-lock down businesses re-opening by Governor Babajide Sanwo-Olu.
Polaris Bank plans to leverage its investment in cutting-edge information technology to harness emerging opportunities and mitigate the disruptive effect of the COVID-19 pandemic on its business.
The Muslim Rights Concern, MURIC, on Wednesday, advised State governments to consider “giving special palliatives to Imams and pastors” in order to cushion the effect of the lockdown occasioned by COVID-19.
The Senate Tuesday asked the Federal Government to as a matter of urgency, expedite action towards the completion of the Ajaokuta steel plant.
The Senate on Tuesday commenced legislative work on a critical bill to ensure food security for Nigeria with the establishment of the Food Reserve Agency to avert any form of emergency food crises in the future.
Nigeria can longer depend on the oil sector for survival after the COVID-19 pandemic, the Plateau State Commissioner for Agriculture, Dr Hosea Istifanus Finangwai, warned on Monday.
As the national assembly prepares to repeal the Banks and Other Financial Institutions Act (BOFIA) 2004 and enact a new one, BOFIA 2020, Central Bank of Nigeria (CBN) has asked for the establishment of a Credit Tribunal to address the issue of non-performing loans.
Marcus Rashford to become the youngest person to receive an honorary doctorate from the University of Manchester for his work campaigning against child poverty and his sporting achievements.
The six South-West states have signified readiness to reopen schools for pupils to sit for the 2020 West African Senior School Certificate Examination amid the coronavirus pandemic.
A Bangladesh hospital owner accused of issuing thousands of fake negative coronavirus test results to patients at his two clinics was arrested Wednesday while trying to flee to India in a burqa, police said.
Everton manager, Carlo Ancelotti, has hinted that he will look to bring in midfield reinforcements after that area of his team was exposed in Sunday’s defeat to Wolves.
According to the tweet, the evacuees would arrive at the Nnamdi Azikwe International Airport, Abuja, at 6:00 pm via @eayptair.
Club Brugge forward David Okereke is happy to get his ‘lucky number’ ahead of the new Belgian Pro League season.
The Kwara Government says 71 more people have tested positive to Coronavirus (COVID-19), bringing the total of confirmed cases in the state to 382.
The lawyer representing Ramon Abbas (a.k.a Hushpuppi) has stated the Instagram big boy is innocent of all charges and that he “was running a legitimate business and a very legitimate Instagram account and did not take part in any scam or fraud.”
The deficit spending of the Federal Government rose sharply by 144 per cent, YoY, to N650 billion in the first two months of 2020 from N250 billion in the corresponding period of 2019.