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Nigeria’s Economy

Godwin Emefiele: Nigeria ready for business

The Central Bank of Nigeria (CBN) has assured investors and the international community that the country having gone through a successful election, was ready for investments.

IMF raises growth projection for Nigeria

In the World Economic Outlook report released on Tuesday at the ongoing spring meetings of the IMF and World Bank Group, the fund said Nigeria’s economy will grow by 2.1% in 2019, an increase of 0.1% points from the 2% projection given in January.

Misery Index: Nigeria not a miserable country

In a report titled: “The Misery Index 2018,” authored by Dr. Steve Hanke of the Johns Hopkins University in Baltimore, Maryland, Nigerians have been labelled the sixth most miserable people in the world. The misery index was introduced in the 1970s by Arthur Okun, an American economist, author of the seminal work, Equality and Efficiency: The Big Trade Off (1975).

ITF trains 300,000 to combat unemployment

Over 300,000 unemployed Nigerians received training in 2018 under the industrial training skill acquisition programmes initiated by the Fund to tackle the scourge of unemployment troubling the nation Nigeria.

Experts: VAT increment will further worsen Nigerians’ situations

A notice by Minister of Budget and National Planning, Senator Udoma Udo Udoma and Executive Chairman of Federal Inland Revenue Service (FIRS) Mr. Babatunde Fowler of government’s intention to raise the rate of value added tax (VAT) before the end of 2019 is presently causing ripples among various categories of Nigerians.
Tony Elumelu, chairman of Heirs Holdings, says access to electricity is critical to growing Nigeria’s economy.

Tony Elumelu: Access to electricity is critical to economic growth

Tony Elumelu, chairman of Heirs Holdings, says access to electricity is critical to growing Nigeria’s economy.

Ooni of Ife celebrates Aje festival

The Ooni of Ife, Oba Adeyeye Ogunwusi, Ojaja II, has led thousands of Ile Ife indigenes, market men and women, professionals and business tycoons across the country to celebrate this year’a edition of Aje Festival.
National Chairman, APC, Adams Oshiomhole

Adams Oshiomhole: Atiku Abubakar working for foreign interests

Adams Oshiomhole, national chairman of the All Progressives Congress (APC), says Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), is working for foreign interests.

IMF: Nigeria’s economy to grow by 3.8% in 2019

Nigeria’s economy, and other sub-Saharan Africa countries, will be home to several of the world’s fastest-growing economies in 2019 according to the International Monetary Fund (IMF).
Atiku Abubakar

Atiku Abubakar asks Muhammadu Buhari to resign over comment on economy

Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), on Sunday, asked President Muhammadu Buhari to resign over his Friday’s comment that Nigeria’s economy was in a bad shape.

Rotimi Amaechi: Why GE pulled out of railway concession, overhaul deal

The federal government Thursday gave reasons why American firm – General Electric (GE), pulled out of a planned $2.7 billion deal to concession and rehabilitate Nigeria’s narrow gauge railway, stating that GE was no longer in the business of transportation and had to hand over its interest in the deal to another firm.

IMF warns Nigeria on rising debt service

The International Monetary Fund (IMF) has cautioned the Federal Government to be mindful of the country’s rising debt service to revenue ratio and take steps to mitigate the situation.
Gbenga Olawepo-Hashim

Gbenga Olawepo-Hashim: How APC dragged millions of Nigerians into poverty

The presidential candidate of the Peoples Trust, Gbenga Olawepo-Hashim, has berated the ruling All Progressives Congress for what he described as the party’s poor economic management strategy, which he said has led to greater poverty amongst Nigerians.
President Buhari receives Letters of Credence from Ambassadors of Pakistan, Senegal, Belarus and Denmark in State House on 1st Nov 2018 8

Muhammadu Buhari: We’ll make Nigeria’s economy better

President Muhammadu Buhari has said that his administration will continue to implement policies that will make Nigeria’s economy, which is already looking good, better.

Ejike Mbaka: Muhammadu Buhari is change, but Atiku Abubakar is bureau de change

Mbaka described Atiku as bureau de change, according to him, because of the foreign currencies that allegedly exchanged hands at the National Convention of the People’s Democratic Party, PDP, before the ex-VP emerged the party’s presidential candidate.

Air Peace receives another aircraft

Domestic airline, Air Peace took delivery of its fifth Embraer 145, at the weekend, assuring that the development has deepened its capacity to relaunch its flights to Sokoto and start its Katsina service.
Senator Udoma Udo Udoma – Minister for Budget and National Planning

Udoma Udoma: Nigeria has room to borrow more

The Minister of Budget and National Planning, Senator Udoma Udo Udoma, has declared that Nigeria still has sufficient room to borrow more whenever the need arises.

Godwin Emefiele: Why we’re not building foreign reserve buffers

Godwin Emefiele, governor, Central Bank of Nigeria (CBN), has said maintaining stable exchange rate to avoid depreciation of the naira is better than building foreign reserve buffers.

Recent Stories

JAMB: Man registers UTME 64 times to ‘ghost-write’ for 64 candidates

The Joint Admissions and Matriculation Board says it has caught someone it described as a “notorious cheat” who had registered for the UTME 64 times, with the intention of writing the examination for 64 candidates.

Police foil pro-Dasuki protest in Sokoto

Police have foiled a planned procession to demand the release of former National Security Adviser, Col. Sambo Dasuki (rtd) in Sokoto state.
Oil tankers pass through the Strait of Hormuz, December 21, 2018. REUTERS-Hamad I Mohammed

Any move by Iran to close Strait of Hormuz unacceptable – US official

Any move by Iran to close the strategic Strait of Hormuz in response to the United States ending oil waivers for purchases of Iranian oil would be unjustified and unacceptable, a senior administration official said on Monday.
Gas flares from an oil production platform at the Soroush oil fields in the Gulf, south of the capital Tehran [Raheb Homavandi-Reuters]

Iran denounces ‘illegal’ US sanctions as oil waivers end

Iran denounced US sanctions on its oil sector as "illegal" on Monday after the United States announced it will no longer grant sanctions exemptions to Iran's oil customers.

Court to hear alleged N2.8 million fraud case against Nnewi United chairman

The Federal High Court sitting in Awka will on May 30, 2019, begin hearing on the case of obtaining by false pretence involving the manager of Nnewi United football club of Nnewi, Mr. Olisa Onuchukwu.