Oil subsidy removal freed up resources for infrastructure – Enugu Governor
The Executive Governor of Enugu State, Peter Mbah, has attributed the financing of numerous infrastructure projects embarked by the state government to the oil subsidy […]
Nigerian economy
Dangote holds the key to lower inflation – Economic think tank
Dangote Petroleum Refinery has been identified as crucial to reducing inflation in Nigeria, according to a report by the Financial Derivatives Company (FDC) Limited think […]
Asa Laments About Lagos, Says ‘The Economy Making People Angry And Wicked’
International singer and songwriter, Bukola Elemide a.k.a Asa has lamented about the Lagos of today. The ‘Bed of stones’ singer in a chat with media personality, Ebuka […]
The World Bank’s bad news about our economy, Dan Agbese
The bad news is that our national economy remains stubbornly defiant. Past and present efforts to solve its inherent historical problems and cure it of […]
New VAT rate triggers hike in stock market transaction cost
The stock market investors and operators will from today pay more as transaction cost for shares traded on the Nigerian Stock Exchange, NSE following the […]
Group raises alarm over Port insecurity
Workers in the food sector have raised the alarm over Nigeria’s ports now dominated by foreign operators, cautioning that it may make Nigeria susceptible to […]
MTN budgets $1.6bn for investment in Nigeria
The Minister of Communications and Digital Economy, Dr Isa Pantami, has expressed delight as the Mobile Telephone Network (MTN) budgeted 1.6 billion dollars to invest […]
Presidency reveals date for implementation of 7.5% VAT
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has disclosed that the implementation of Value Added Tax (VAT) increase from five per […]
World Bank warns Nigerians of imminent extreme poverty
The World Bank has warned the present administration that the number of Nigerians living in extreme poverty may increase by more than 30 million by […]
Economy attracted $5.36b in third quarter of 2019 – NBS
According to a capital report by the National Bureau of Statistics (NBS), total value of capital importation into Nigeria stood at $5.36 billion in the […]
Over N100bn required to revive Cotton, Textile and Garment industry – CBN Governor
The Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele said on Tuesday that more than N100 billion investment is required to revive Nigeria’s […]
Nigeria’s Economy Will Attract More Investments Before Year End – IMF
The International Monetary Fund (IMF) has said financial conditions in Nigeria favoured more foreign investments and should attract more foreign investments this year. However, the […]
Pace Of Nigeria’s Economic Recovery Remains Slow Under Buhari – IMF
The IMF in its preliminary findings shows that as low economic recovery is continuing, inflation is falling, and external buffers are declining in the face […]
Maritime Award: Samsung Heavy Industries Nigeria Wins Big In Dubai
Samsung Heavy Industries Nigeria (SHIN), the leading operator of the SHI-MCI fabrication and integration yard, has won a highly commended award for the contribution to […]
Buhari scraps Osinbajo’s Economic Management Team, constitutes Advisory Council
By Abdullahi Muhammed President Muhammadu Buhari Monday approved the constitution of an 8-member Economic Advisory Council (EAC) to be chaired by Professor Doyin Salami. The […]