The Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, Saturday, defended the decision of the apex bank to increase interest rate, adding that...
Uneasy calm has gripped buyers of some public corporations in Nigeria, as government fine tunes plans for a holistic review of most of the public enterprises...
Former President Goodluck Jonathan, Friday, praised Nigerian youths, declaring that they were responsible for making the country the largest economy in Africa during his tenure as...
Nigeria has hit a decline of 35 per cent in foreign direct investment (FDI), mostly brought about by the drop in oil prices. This is was...
Organised labour in the oil sector has given the Muhammadu Buhari-led Federal Government a hard knock on the parlous state of the economy. The Nigerian Union...
After the much celebrated declaration of the Nigerian economy as the largest in Africa and 26th in the world, South Africa has pushed the country back,...
Foreign airlines in Nigeria have expressed concern over the persistent scarcity of dollars and fall of the naira value, both of which have started having a...
From $40 billion in 2014, Nigeria’s foreign reserve has shrunk to $26 billion, shedding more than 35 percent within a year and may be further depleted. The Federal Government has blamed the situation on poor earnings...
The decision of the Central Bank of Nigeria, CBN, to introduce discriminating exchange rate for importers and pilgrims has attracted criticism from importers. It would be...
There are strong indications that the Central Bank of Nigeria (CBN) has concluded plans to hand over the toxic loans of the distress-prone Skye Bank to...
Despite widespread lamentations over the state of the Nigerian economy, the Minister of Information, Culture and Tourism, Alhaji Lai Mohammed, Thursday insisted that President Muhammadu Buhari...
The expectation of the Nigeria Customs Service (NCS) revenue filling any gap caused by drop in price of crude oil may have been dashed, as monthly...
Transportation Minister, Rotimi Amaechi, Tuesday, said the country went into recession during the administration of former President Goodluck Jonathan. He also disclosed that former Minister of...
Apparently jolted by his critics, President Muhammdu Buhari has at last succumbed to the pressure to allow experts lead the way to economic recovery of Nigeria. To this...
Controversial Catholic priest, Rev. Fr. Ejike Mbaka has bemoaned the failure of President Muhammadu Buhari to lead Nigerians out of the starvation presently ravaging the country....
President Muhammadu Buhari has assured that Nigeria is working hard to resolve the epileptic power issues facing the country. He said the resources are available, noting,...
The difficulty accessing funds has pushed government to explore all avenues of borrowing money to fund its budget, including the contributory pension scheme (CPS), now put...
Fear that Nigeria may suffer more losses of oil output emerged over the weekend as suspected militants destroyed oil and gas pipeline facilities operated by Shell,...
If well harnessed, Nigeria’s hotel business is expected to rake in $507 million into Nigeria’s economy in the next four years. But this will be subject...
Nigeria will this week conclude talks with the African Development Bank (AfDB) for a $1 billion loan with which to finance its N6.06 trillion 2016 budget....
Former Head of State, General Yakubu Gowon has advised against budget padding and called for investigation into the allegation of such in the House of Representatives....
President Muhammadu Buhari Monday in Abuja said the Federal Government is working assiduously to ameliorate the challenges faced by the Nigerian economy within a short period...
Senate President, Bukola Saraki, Monday, backed Federal Government’s decision to negotiate with Niger Delta militants. According to Saraki, dialogue remains the only solution to the vandalization...
The International Energy Association (IEA) has named Nigeria and Middle East as major oil producing countries playing positive role in the market recovery of Organization ofPetroleum...
The Economic Community of West African States (ECOWAS) says, if Nigeria reduces assistance to it, the community would find it difficult to survive most challenges facing...
The Nigerian telecoms sector is currently estimated to have raked in revenue of about $38 billion into the economy in the past five years. Despite the...
There are strong indications that Nigeria may not feature in the African Development Bank (AfDB) new project for rural women. Reason: not much has been put in place for the take off of such a programme, expected...
The recent prediction by the International Monetary Fund (IMF) that the Nigerian economy is heading towards recession falls in line with forecasts made by many analysts...
The economic woes facing Nigeria seems not to have any sign of abetting as its annual inflation index has perpetually accelerated to 16.5 percent in June, from 14.6 percent in the previous month. This, according to a data index...
The return on investment in Nigeria’s business environment is encouraging, and much higher than other countries, coming fourth on the global scale. This was disclosed...
The International Monetary Fund, IMF, has painted a further grim picture for the Nigerian economy, saying it will contract in 2016. This, the fund said is...
The federal government has faulted the planned strike by oil and gas workers under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria...
The economic crisis in the country may be worse than most Nigerians think, as there are indications that 15 out of the 36 states in the...
Vice President Yemi Osinbajo has said that if fully utilized, the private sector in the country has the wherewithal to move the Nigerian economy forward. According...
The Federal Government of Nigeria through its finance ministry has announced plans to inject N350 billion into the system to salvage the current dwindling economy of...
With the commencement of the fresh policy on foreign exchange rate in Nigeria today, finance analysts and investment pundits are expecting the new move to eliminate...
A civil society group, Campaign for Democracy (CD) has tasked President Muhammadu Buhari on the reduction of the cost of governance in the face of the...
The volatile oil producing Niger Delta region has been in the news again, not only for its great endowment with the black gold, or it being...
The Osun state chapter of the Peoples Democratic Party, PDP, has called on Nigerians, especially residents of Osun State to brace up for the challenges ahead...
Bismarck Rewane, Managing Director, Financial Derivatives Company (FDC) Limited, at the weekend, said the economy is inching closely to recession after monthly oil revenues dipped from...
Worried by the gale of retrenchment across the banking sub-sector, the Federal Government has impressed on banks, the need to suspend all such exercise in order...
The Governor of Ekiti State, Mr Ayodele Fayose has again taken on President Muhammadu Buhari, accusing hım öf surrendering to the superior fire power of Niger...
For the first time in the last seven years, Nigeria recorded a decline of N793.5bn in the first quarter merchandise trade to close at N2.72tn from...
President Muhammadu Buhari is yet to get over the shock that former President Goodluck Jonathan could willingly concede defeat to him. Buhari made this remark on...
In spite of the prevailing economic challenges, the nation would soon be out of the woods, hence it is not time to despair, but look ahead...
Senate President, Dr. Bukola Saraki has commended Nigerians for working to sustain democracy in the past 17 years despite the various challenges the country has encountered...
Against the backdrop of the anniversary of Democracy Day in Nigeria which also marks one year anniversary of Muhammadu Buhari administration, The Presidency on Saturday released...
The administration of President Muhammadu Buhari received a knock from the Lagos Chamber of Commerce and Industry, LCCI, as it said the nation’s economy has suffered...
With a daily loss of over 800,000 barrels from a projected 2.2 million barrels of crude per day (bpd) Nigeria’s budget 2016 may be headed for...
Amidst speculations of ill-health, President Buhari on Monday received in audience the governor of Ogun State, Ibikunle Amosun. Ripples Nigeria had quoted presidency sources earlier on...
