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Nigerian Economy

Mohammed Adoke chronicles years in public service

The Goodluck Ebele Jonathan Administration in Nigeria (2010 – 2015) has generated quite a number of post-tenure publications which significantly, in varying degrees of articulation, veracity and delivery shed light on key developments during that momentous phase in Nigerian politics.
ladol free trade zone

Is LADOL truly a Nigerian company?

Even with the signing of the Nigerian Oil and Industry Content Development (NOGICD) Act of 2010, many Nigerian investors still exploit the old loopholes in the system to take advantage of this law.

World Bank: Neglect of agriculture cost Nigeria $10 billion annually

The World Bank’s Senior Agriculture Economist, Adetunji Oredipe, says Nigeria’s neglect of the agricultural sector has cost the country about $10 billion annually.
Adams Oshiomhole

Xenophobia: APC urges President Buhari to go on the offensive against South Africa

The ruling All Progressives Congress (APC) on Thursday came hard on the South African government, accusing it of backing the wave of xenophobic attacks on Nigerians and other Africans in the rainbow nation, and asked the President Muhammadu Buhari administration to take steps to immediately nationalize telecommunications giant, MTN.
Youths protesting the xenophobic attacks on Nigerians in South Africa on Wednesday made a bonfire on the Nnamdi Azikiwe International Airport Road, Lugbe, Abuja, a few metres from a South African franchise, Shoprite Mall.

Xenophobia: Minister warns against attacking South African businesses, nationals

The Minister of the Federal Capital Territory (FCT), Muhammadu Bello, has appealed to its residents, especially students and youth, to eschew retaliatory attacks on South African nationals and business interests in the territory over the recent xenophobic attacks on Nigerians in South Africa.

Xenophobia: Lawyer urges federal government to take drastic measures

A constitutional lawyer, Mr Realwan Okpanachi, has urged the Federal Government to take drastic measures that would send a strong signal to the South African Government over Xenophobic attacks on Nigerians in that country.
President Muhammadu Buhari says Nigeria has very attractive investment opportunities with some of the highest “Returns-on-Investment’’. 2

President Buhari invites investors to take on power, agric, renewable energy sectors

President Muhammadu Buhari has invited investors to make inroads into priority sectors of the Nigerian economy, including power and renewable energy, petrochemical and gas, maritime (shipping and ports), automobiles, mining, agribusiness, healthcare and pharmaceuticals, Information and Communication Technology (ICT) and railways.
President Muhammadu Buhari says Nigeria has very attractive investment opportunities with some of the highest “Returns-on-Investment’’. 4

President Buhari: Nigeria offers attractive investment opportunities

President Muhammadu Buhari says Nigeria has very attractive investment opportunities with some of the highest “Returns-on-Investment’’.

Federal government loses 30 percent procurement budget

The Chartered Institute of Purchasing and Supply Management of Nigeria (CIPSMN) on Wednesday said the country loses about 30 per cent of her procurement budget yearly due to ineffective and inefficient procurement process and system.
President Buhari receives in audience Leadership of People's Democratic Movement in State on 18th Jan 2019-3

Sani Adamu: President Buhari ministers a bunch of “fantastically corrupt” Nigerians

Adamu put forward that the Buhari administration has nothing good in stock for Nigerians, having, in his words, brought in “fantastically corrupt” politicians as ministers whose character and track records are a reflection of the president’s person, having promised to bring in people that are best known to him and represents his ideals.
Nasarawa State Governor, Abdullahi A. Sule

Nigeria’s non-oil export soars to $3.16 billion

The Federal Government, on Thursday, celebrated its non-oil export commodities earnings which, it said, rose from U$1.17billion in 2016 to US$3.16billion in 2018.
The Minister of State for Budget and National Planning, Mr Clement Ikanade Agba, has urged the staff of the ministry to work as a team to ensure that next 2020 Budget is ready next month.

Minister seeks staff cooperation to ensure September budget target

The Minister of State for Budget and National Planning, Mr Clement Ikanade Agba, has urged the staff of the ministry to work as a team to ensure that next 2020 Budget is ready next month.
Acting Finance Minister of Finance Zainab Ahmed

Nigeria risks fiscal crisis without increased revenue – minister

Minister of Finance, Zainab Ahmed, has warned that the Nigerian economy could go into fiscal crisis if the country fails to increase its revenue.

World Bank, AfDB blacklist more companies, consultants in Nigeria for corruption

The World Bank and the African Development Bank (AfDB) have sanctioned and blacklisted more companies and consultants operating in Nigeria for various breaches of their contracting processes considered fraudulent and corrupt.
Udom Emmanuel

Nigeria’s democracy cannot stand on weak economy – Akwa Ibom governor

Akwa Ibom state governor, Udom Emmanuel, has asked Federal Government support any venture that would strengthen the economy of Nigeria, thereby, strengthening its democracy.
President Buhari at the event

Akintola Williams: Nigeria’ll always be proud of you – President Buhari

President Muhammadu Buhari has felicitated with renowned chartered accountant, iconic leader and legendary teacher, Chief Akintola Williams, who turns a centenarian, August 9, 2019.

APM Terminals Apapa employs six female crane operators

The Managing Director, APM Terminals, Mr Martin Jacob, says the firm has employed six female crane operators within the last six months to encourage female participation in the maritime industry.
President Muhammadu Buhari on Thursday met behind closed doors with the Liberian President, George Weah.

Presidency: President Buhari remains best hope for Nigeria’s economy

The Presidency has described as untrue the Peoples Democratic Party (PDP) assertion that the Nigerian economy is in trouble.

Recent Stories

Climate change: Stakeholders commend Nigeria’s efforts

Stakeholders in the environment sector have commended Nigeria’s implementation of its Nationally Determined Contributions (NDCs) in terms of mitigation and adaptation of climate change.

Visiting family friend ‘drugs, rapes’ teenager

The police in Lagos have arrested a 34-year-old man Innocent Ifunayachi for allegedly drugging and raping a teenage daughter of his host.
Pro-democracy protesters react as police fire water cannons outside the government headquarters in Hong Kong on September 15, 2019. - Hong Kong riot police fired tear gas and water cannons on September 15 at hardcore pro-democracy protesters hurling rocks and petrol bombs, in a return to the political chaos plaguing the city. (Photo by Isaac LAWRENCE / AFP)

Hong Kong returns to violence with tear gas and Molotovs

Hong Kong riot police fired tear gas and water cannons at hardcore pro-democracy protesters hurling rocks and petrol bombs on Sunday, tipping the violence-plagued city back into chaos after a brief lull in clashes.
Fire

50 shops razed in Jos market fire

No fewer than fifty timber shades and carpentry workshops were burnt down on Saturday in a market midnight fire in Jos, capital of Plateau State.
President Muhammadu Buhari has sent felicitations to the monarch of Nupe Kingdom in Niger, Etsu Nupe, Alhaji Yahaya Abubakar as he marked 16 years on the throne and celebrated 67th birthday.

President Buhari congratulates Etsu Nupe on double celebrations

President Muhammadu Buhari has sent felicitations to the monarch of Nupe Kingdom in Niger, Etsu Nupe, Alhaji Yahaya Abubakar as he marked 16 years on the throne and celebrated 67th birthday.