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Nigerian Economy

2019: PDP accuses APC of dubious achievement claims

The Peoples Democratic Party (PDP) has said that it is amazed over some alleged frivolous claims credited to certain leaders of the ruling All Progressive Congress (APC) in which it said the ruling party expressed confidence that its scorecard in 2019 would be that it cleared the PDP’s mess.

35 foreign coys to showcase products at 12th Abuja Trade Fair

A total of 35 foreign companies have indicated interest to participate at the 12th Abuja International Trade Fair, scheduled to hold from Sept. 21 – Oct. 7, an official has said.

NECA faults NBS 2.19% growth, says economy still in recession

The Nigerian Employers Consultative Association (NECA) has faulted recent report by the National Bureau of Statistics (NBS) that Nigeria had exited recession, saying the economy was still in the woods.

Military operation in South East unjustifiable – Onovo

Chief Martin Onovo, the presidential candidate of the National Conscience Party (NCP) in the 2015 election has said that the on-going ‘Operation Python Dance II’ in the South East is unjustifiable, even as he called the federal government to immediately discontinue the exercise and

Nigeria not ready for electric powered vehicles – Jalal

The former Director General, Nigerian Automotive Design and Development Council, Engr Aminu Jalal, at the weekend disclosed that the nation is not prepared to transit from fossil fuels to renewable energy or electric powered automobiles.

ABCON chief predicts end to unstable forex market

The President of the Association of Bureau de Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, on Friday, predicted an end to the unstable foreign exchange rate, following Nigeria’s exit from recession.

Damage you caused to Nigeria’s economy ‘worst than one can imagine’ – Oni tells...

The National Deputy Chairman, All Progressives Congress (APC), Chief Segun Oni, says the People’s Democratic Party-led administration of ex-President Goodluck Jonathan caused what he called horrendous damage to the Nigerian economy.

2019: Oyegun speaks on when Buhari will announce decision

The National Chairman of the ruling All Progressives Congress, APC, Chief John Odigie-Oyegun, on Thursday declared that the decision as to whether to seek a second term in office or not is for President Muhammadu Buhari to decide, adding that the President will make his intention known at the appropriate time.

President Buhari is winning back economy – APC chieftain

Chief Osita Okechukwu, a stalwart of the All Progressive Congress in South-East, says President Muhammadu Buhari’s administration is steadily winning back the Nigerian economy.

Recession exit: Rejig cabinet to stimulate recovery – Group tells Buhari

The Centre for Social Justice on Thursday called on President Muhammadu Buhari to rejig his cabinet by getting technocrats that would effectively manage key sectors of the Nigerian economy.

Why food prices are still high despite Nigeria’s exit from recession – NBS

Statistician-General of the Federation, Dr. Yemi Kale, has explained why food prices are still high, despite Nigeria’s exit from recession, giving reasons why Nigerians may not feel the immediate impact of the recession exit.

Naira closes at N365 to the dollar despite CBN interventions

The naira closed at 365 per United States dollar at the parallel market on Wednesday, the same rate it closed on Tuesday.

Fed govt offers tax holidays, duty waivers to mining investors

The Federal Government has offered tax holidays and duty waivers on imported mining equipment to foreign investors in the nation’s mining industry.

Exit from recession can take months to impact on citizens – economist

A Minna based economist, Mr Kolo Paul, says Tuesday’s report of Nigeria exiting recession can take several months before its impact is felt by the ordinary citizens.

ABCON chief lauds fed govt on economic recovery

Alhaji Aminu Gwadabe, the President of Association of Bureau De Change Operators of Nigeria (ABCON), on Wednesday commended the Federal Government on the recovery of the economy.

Nigeria got into recession under APC due to of bad policies – PDP

The leadership of the Peoples Democratic Party, PDP, on Wednesday accused the ruling All Progressives Congress, APC, ‎Administration of getting the nation into recession due to its bad economic policies since assumption of office two years ago.

Recession exit: Nothing to celebrate until harsh living conditions improve – PDP

The Peoples Democratic Party (PDP) says there is nothing to celebrate until the “harsh living conditions” have improved.

Nigeria’s economy exits depression – Ex-CBN director

Dr Titus Okunronmu, a former Director, Budgetary Department, Central Bank of Nigeria (CBN), said on Wednesday that Nigeria’s economy had been experiencing depression rather than recession since 2015.

Recent Stories

PDP urges Bode George to work with Lagos exco

The national leadership of the People’s Democratic Party (PDP) has urged Chief Bode George and other disgruntled chieftains of the party in Lagos state to put aside their personal and parochial differences and work with the executive committee in the state chapter.
An unnamed Nigerian player has been sacked by his Slovenian club side after he admitted to impregnating the Club President’s daughter.

Nigerian player sacked by Slovenian club for impregnating president’s daughter

An unnamed Nigerian player has been sacked by his Slovenian club side after he admitted to impregnating the Club President’s daughter.

Air traffic engineers call for training on cyber security

Air traffic engineers in the country have called on aviation authorities to invest more in building capacity of members in the area of cyber security in order to forestall cyber-attacks on the Communication Navigation and Surveillance/Air Traffic Management (CNS/ATM) domain.
Adeniran Ogunsanya College of Education

Adeniran Ogunsanya college to be upgraded to university – Lagos governor

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Monday said the state government owned Adeniran Ogunsanya College of Education is to be upgraded to a University of Education.

Air Peace to commence flight operation to Ibadan

Onyeama explained that the recent Corporate Award of Excellence to the airline by University of Ibadan was in recognition of its unparalleled excellence in the delivery of safe and comfortable flights.