The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has painted a gloomy picture for the Nigerian economy under the President Muhammadu Buhari administration, saying...
Vice-President Yemi Osinbajo has downplayed the Nigeria’s growing debt burden, insisting that it is one of the lowest in the world when compared to the size...
Any increase in the percentage payable as Value Added Tax, VAT, in the country will adversely affect the Nigerian economy and slow it down, Actionaid Nigeria...
Few days into the last quarter of the year, the federal government is yet to begin the implementation of the 2018 capital budget, a development that...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained the key lending rate at record-high of 14 percent for the...
Vice President Yemi Osinbajo has attributed the nation’s high poverty population to the neglect of the country’s informal sector. The informal sector of the economy implies...
The Nigerian port users are counting their losses occasioned by a variety of factors, especially the recession that hit the economy as well as the deplorable...
President Muhammadu Buhari has again acknowledged that Nigerians are going through tough economic times, but stated that “the worst is over”. The president stated this on...
Nigeria can fund its national budget for ten years with the potential of traditional medicine raking in over $250 billion (N80 trillion) yearly into the economy....
The Upper Legislative Chamber, on Monday, descended heavily on the Peoples Democratic Party (PDP) saying the party which lost power at the centre in 2015, destroyed...
The Senate, on Tuesday, came hard on commercial banks in the country and the Central Bank of Nigeria (CBN), accusing them of strangulating Small and Medium...
Vice President Yemi Osinbajo has said that President Muhammadu Buhari’s administration is hopeful of replicating the success it has made in the area of security and...
Nigerians be in for another round of fuel scarcity, which will affect its economy, if members of the Petroleum Tankers Drivers (PTD) carry out their threat...
Nigerian equities broke into a major rally on Tuesday as investors upped demand for value stocks across major sectors of the economy. With nearly two advancers...
A diplomatic war is playing out between two of Europe’s power houses after Germany accused Russia of “aggressive espionage”. Germany says the move by Russia is...
A new controversy may be brewing within the financial circle as the Central Bank of Nigeria (CBN) has concluded plans to reverse the policy on funding...
The National Pension Commission (PenCom) has said the ongoing clamour for deployment of the N6 billion consolidated contributory savings for pensioners on other aspects of the...
The Governor of Ekiti State, Ayodele Fayose, has said he has his doubts over the reported release of 21 Chibok girls, saying the report may be...
The Association of Master Bakers and Caterers of Nigeria, AMBCON, say they have been forced by the tough economic crunch to increase the prices of bread, biscuits...
The Senate, today, passed a motion, inviting President Muhammadu Buhari to address a joint session of the National Assembly on how to get the country out...
For a nation which economy is already officially in recession due mainly to reduced revenue generation, this is not good news. The Nigerian National Petroleum...
Unless urgent solution is found to the prevailing dollar scarcity facing Nigeria, the December holidays may be celebrated without fuel, and this is according to feelers from the Major Oil Marketers Association of Nigeria (MOMAN). Rising from...
Despite widespread cries in the land, state governors in the country have said they have confidence in the Minister of Finance, Mrs Kemi Adeosun and her...
With the National Assembly expected to resume from its annual recess on Tuesday, Senate President, Bukola Saraki says the upper legislative chamber will dedicate more of...
Unless the federal government urgently empanels a crack economic team, Nigeria’s economy may be finally grounded any moment from now. This was the conclusion of the...
A former minister of Finance, Dr. Ngozi Okonjo Iweala has proffered suggestions on how African countries, Including Nigeria can overcome the economic challenges they currently face....
Despite its claim of diversifying its economy, Nigeria still spends about $4.42 billion, yearly, importing foreign fabrics into the country, a situation that has negatively affected the growth of local industries. Shedding more light...
Moody’s, the global rating agency, has predicted a further rise in the already historic high in the nation’s inflationary rate to 18 per cent. According to...
Governor of Jigawa state, Abubakar Badaru has absolved former President Olusegun Obasanjo of any blame over the economic recession that has hit Nigeria. He however declared...
The Minister of Finance, Kemi Adeosun, has voiced what may be the official position of the Federal Government over the current economic crisis the nation is...
With effect from tomorrow (Thursday) all staff of Aero Contractors will precede on compulsory leave as the airline has announced a suspension of its scheduled operational...
Nigeria’s annual inflation rate has maintained its upward rise hitting 17.1 per cent from 16.5 per cent recorded in June, without any sign of improvement in...
The Nigeria Labour Congress, NLC, has called on Nigerian workers to take their destinies in their hands in the face of the current economic crisis in...
The Nigerian economy seems still in the low as its Central Bank Economic Report for the Second Quarter 2016 indicates a budget deficit of well over...
Even as the nation grapples with scarce foreign currency, especially the dollar, it still spends $6 billon and $5 billion, on importation of wheat and flour...
Two conditions that can save Nigeria from experiencing collapse of factories and having dried goods on the shelves are for the Federal Government to reduce interest...
Professor Charles Soludo, on Thursday in Kaduna State, took the Muhammadu Buhari-led All Progressives Congress (APC) government, to the cleaners detailing what the government must do...
A major private equity investment firm, in the Standard Chartered Bank, Standard Chartered African Fund (SCAF), has begun shedding load following the economic down turn in...
The reported request of President Muhammadu Buhari for emergency powers over the economy has received the backing of the Organised Private Sector (OPS). The backing came...
The insistence by the Federal Government to deduct at source, about N35 billion, bailout and other loans owed by states may see some of them not...
Nigeria is on the verge of losing about $25.5 million of its direct foreign investment (DFI) as soon as the ongoing amendment of the Nigeria Liquefied...
The Muhammadu Buhari administration is obviously disturbed by the nation’s dwindling economy, and the criticisms it has attracted. The president, in efforts to tackle the situation...
The Peoples Democratic Party, PDP, has said it handed a better Nigeria to President Muhammadu Buhari than it meant it when the party took over in...
If the current effort by Nigerians living outside the shores of the land is sustained, naira, the local currency may soon regain some lost grounds against...
Nigeria says it is targeting reliance on renewable energy to be 50 per cent of its power output by 2020, so says the Vice President, Professor...
More findings have linked the return of the polio epidemic in Nigeria two years after report of its total control, to lack of proper funding of...
In what looks like an afterthought, Nigeria’s hope that its declining foreign direct investment (FDI) will soon be reversed looks remote. The Vice President, Prof. Yomi...
Nigeria’s economic woes dampened further, as the United States and India, major buyers of its oil announced reduction of their imports by 53 per cent and...
The National Bureau of Statistics (NBS) will this Thursday announce that Nigeria’s spiraling inflation has throttled to its highest in 11 years. Most analysts predicted that...
After a brief lull, Ekiti State Governor, Ayodele Fayose, has again hit at President Muhammadu Buhari, saying he sorrounded himself with family members because he is...
