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Nigerian Economy

EIB, AfDB to finance Development Bank of Nigeria with $70 million

The European Investment Bank (EIB) and the African Development Bank (AfDB) have agreed to support the new Development Bank of Nigeria (DBN) with $70 million.

Industrial Council backs President Buhari on Continental Free Trade Agreement

The Industrial Policy and Competitiveness Advisory Council has thrown its weight behind President Muhammadu Buhari’s decision to consult widely before Nigeria signs the African Continental Free Trade Agreement.

President Buhari: Wicked people plundered our resources, kept Nigerians poor

President Muhammadu Buhari yesterday in London told some Nigerians living in the United Kingdom under the aegis of Buhari Diaspora Support Organisation how ‘wicked elements’ during previous administrations plundered the country’s resources and impoverished the people.

Lagos Chamber: Why foreign investors avoid Nigeria

Nigeria’s quest to attract foreign investment inflow may continue to be a mirage unless contractual obligations and agreements are respected by the government, Muda Yusuf, Director-General, Lagos Chamber of Commerce and Industries, LCCI, said.

President Buhari: Wicked people kept Nigerians poor

President Muhammadu Buhari says some wicked people plundered the country and “kept Nigerians poor”.

Federal government vows to release names of more alleged looters

The federal government on Sunday vowed to release the names of more persons alleged to have looted public funds.

Godwin Emefiele: Why central bank retained monetary policy rates

The Central Bank of Nigeria (CBN) on Monday said its Monetary Policy Committee (MPC) opted to retain monetary policy rates to rein in inflation and stabilise the economy.

Central bank chief Godwin Emefiele emerges The Guardian Economic Personality of the Year

The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, was on Saturday, April 7, 2018, unveiled as The Guardian Economic Personality of the Year 2017 in recognition of his contribution to stabilizing the Nigerian financial sector amidst recession as well as the Bank’s effort in development financing.

Senator Baba-Ahmed joins presidential race

A Kaduna State born politician and former senator, Datti Baba-Ahmed, has joined the 2019 presidential race.

Nigeria launches economic diplomacy policy

Nigeria has launched Economic Diplomacy Initiative (NEDI), insisting on commitment to ensuring adequate consultation, especially with private sector, in taking vital economic decisions.

Vice President Osinbajo to lead SME conference in Anambra Monday

Vice President, Professor Yemi Osinbajo, would lead Ministers and Heads of Ministerial Departments in Nigeria to Anambra state on Monday for Micro, Small and Medium Enterprises (SME) conference.

Crownrise Finance set to float N1 billion bond

Crownrise Finance Plc, a non-banking financial institution, is the first finance house to float a N1 billion bond in the Nigerian debt market and will be available to investors in April.

President Buhari inspects hails Eko Atlantic City project

President Muhammadu Buhari Friday inspected Eko Atlantic City built on 750 square kilometres.

Lagos truly deserves a special status – Governor Ambode tells President Buhari

Lagos State Governor, Mr. Akinwunmi Ambode, on Thursday evening urged President Muhammadu Buhari to seriously consider the possibility of granting Lagos a Special Status to enable it sustain its position as the driver of the nation’s economic growth.

Minister: Federal government will attract direct investment to aviation sector

The Minister of State, Aviation, Hadi Sirika, said on Thursday the Federal Government was committed to attract increased trade and inflow of Foreign Direct Investment (FDI) into Nigerian aviation sector.

Niger government flags off disbursement of N2 billion loan to SMEs

Governor Abubakar Sani-Bello of Niger State has flagged off the disbursement of a N2 billion Micro, Small and Medium Enterprises Development Fund in the state.

2015: How billions of Naira were moved from CBN to ex-President Jonathan’s residence

More details have now emerged showing how billions of naira and hundred millions of dollars were illegally removed from the public till by the Jonathan administration specifically ahead of the 2015 presidential elections.

Publisher wants newspapers to merge for profitability

Mr Deba Uwadiae, Publisher, New Americans Magazine based in Columbus, Ohio, U.S., has advised media houses in the country to merge for them to meet the high cost of production and earn profit.

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INEC introduces election result viewing portal

The Independent National Electoral Commission (INEC) has introduced a dedicated public election result viewing portal, known as “The INEC Result Viewing (IReV)”.
Real Madrid coach Zinedine Zidane completed an astonishing transfer U-turn by confirming Gareth Bale's place in his squad for the coming season.

Zinedine Zidane: Gareth Bale didn’t want to play against Manchester City

Gareth Bale “didn’t want to play” in the Champions League last-16 second-leg tie against Manchester City, says Real Madrid boss Zinedine Zidane.

Uche Secondus: Nigeria sitting on keg of gunpowder

National chairman, Peoples Democratic Party, PDP, Prince Uche Secondus, has likened the state of affairs in the land to sitting on a keg of gunpowder, ready to explode at a time no one can determine.
The Secretary to the Government of the Federation (SSG), Boss Mustapha, on Tuesday disagreed with Director General of the Nigerian Centre for Disease Control (NCDC), Chikwe Ihekweazu, when he called on the House of Reps to amend the Quarantine Act.

Nigerian government approves gradual reopening of international flights

The Presidential Task Force (PTF) on COVID-19 has approved gradual reopening of international flights and train services across the country.
The Executive Secretary of the Commission, Rev. Yakubu Pam, made this known while responding to questions from newsmen in Abuja, weekend.

NCPC partners CAN, JNI to end Southern Kaduna killings

The Nigeria Christian Pilgrims Commission (NCPC) says it is collaborating with the Northern Chapter of the Christian Association of Nigeria (CAN), the Jama’atu Nasrul Islam (JNI) and the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) to end the killings in Southern Kaduna.