Out-going Liberian President, President George Weah, said on Sunday he was leaving behind a better economy than he inherited when his administration came into office six years ago. “ Tomorrow, President-Elect Joseph N. Boakai will inherit a stronger economy than I inherited,” Weah said in his address which...
Economy
A financial expert, Mr Okechukwu Unegbu, has decried the proliferation of “loan sharks” in the Nigerian financial system, describing them as dangerous to the economy. Unegbu, a past president of the Chattered Institute of Bankers of Nigeria (CIBN), said this in an interview with the News Agency of Nigeria...
……As president pledges turn around in education, health, sports security By DAVID IORJA, Abuja – President Bola Ahmed Tinubu Friday in Paris–France assured Nigerians of repositioning the education and health sectors, while the ongoing reforms on the economy will be sustained and expanded, with a view to...
The presidential candidate of the People’s Democratic Party (PDP) in the 2023 general election, Atiku Abubakar has promised to address security and economic challenges, if elected. Abubakar stated this at the PDP Presidential campaign rally on Wednesday in Damaturu. Amazed with the crowd, Atiku called on the people of...
Mr Tunji Oyebanji, Managing Director 11 Plc, says the huge amount being spent on fuel subsidy by the Federal Government is preventing investments in critical areas of the economy and worsening the unemployment situation in the country. Oyebanji said this at the yearly programme of the Institute of Change...
The cultural market at the ongoing National Festival for Arts and Culture (NAFEST), in Lagos, has been declared open for commercial activities. Director General, National Council for Arts and Culture (NCAC), Chief Olusegun Runsewe, who is the organiser of the festival, said on Tuesday that the essence of the...
Mr Will Stevens, the United States’ Consul General in Nigeria, says the U.S. government will continue to partner Nigerian universities in the effort to enhance the nation’s economy. Stevens made the remark during the graduation ceremony of the 10 participants of ‘’Learn to Earn Project’’ at the American Corner,...
Vice-President Yemi Osinbajo says the African Continental Free Trade Area (AfCFTA) is a unique opportunity to consolidate Africa’s large market, which will address the economic challenges of the continent. Osinbajo made the assertion at a hybrid International Conference on Africa’s Economy at Newark, New Jersey, with the theme, “African’s...
Lagos State collected the highest Internally-Generated Revenue (IGR) of N753.46 billion in 2021 followed by the FCT which collected N131.92 billion. The National Bureau of Statistics (NBS) stated on Sunday in Abuja that in 2020, Lagos State also led other states in IGR collection when it got N660 billion,...
By PATRICK ABANG Calabar – Cross River state Governor, Ben Ayade has described the concessioning of the ultra-modern cocoa processing plant, Ikom to AA Universal Agro Industries Ltd, as part of the deliberate effort of his administration to recalibrate the economy of the state. AAU is owned by business...
Presidential candidate of the Peoples Democratic Party (PDP) Atiku Abubakar played a major role in pushing millions of Nigerians into the unemployment market and into poverty as Vice President between 1999 and 2007. This, according to the Buhari Media Organisation (BMO), is contrary to the impression Atiku sold in...
By EZEKIEL OBI, Abuja – The 36 state governors under the aegis of the Nigeria Governors’ Forum (NGF) are to meet on Wednesday in Abuja to discuss issues of economy, insecurity and other challenges confronting the nation. The Director, Media and Public Affairs of NGF, Mr. Abdulrazaque Bello-Barkindo, said...
The oil and gas industry is the mainstay of Nigeria’s economy, providing thousands of direct and indirect jobs and contributing substantially to the nation’s foreign reserves. It is a known fact that oil alone accounts for 40 per cent of the country’s Gross Domestic Product (GDP), 70 per cent...
Gov. Chukwuma Soludo of Anambra has warned that states may no longer pay their basic bills if they don’t move away from FAAC-based revenue to agriculture driven economy. Soludo, an erudite economist, said this at a parley in Awka on the occasion of his 100 days in office. He...
Prof. Benedict Oramah, President and Chairman of the Board of Directors, African Export-Import Bank (Afreximbank) says “Africa’s problems are for Africans to solve.” A statement signed by Amadou Sall, Afreximbank’s media contact on Thursday, said Oramah spoke at the start of the 29th Afreximbank Annual Meetings (AAM2022) in Cairo....
Urges police to deploy more technology By DAVID IORJA, Abuja – President Muhammadu Buhari on Thursday in Kano said three priorities of the administration, security, economy and corruption, have received significant attention, with measurable results, following his vision of making Nigeria more peaceful, prosperous and reliable, among nations. At...
Nigeria’s Gross Domestic Product (GDP) grew by 3.11 per cent (year-on-year) in real terms in the first quarter (Q1) of 2022, the National Bureau of Statistics (NBS) has said. In its latest report published on Monday, the NBS revealed that the figure showed sustained positive growth for the sixth...
A Lagos-based legal practitioner, Festus Ogun on Monday filed a lawsuit against President Muhammadu Buhari at the Federal High Court in Lagos over the excessive pain, hardship and agony Nigerians went through as a result of the fuel scarcity experienced earlier this year. The legal practitioner said he solemnly...
By BENJAMIN ORISEMEKE, Abuja – The economy of Europe and Central Asia is expected to shrink by 4.1 percent this year, compared with the pre-war forecast of 3 percent growth, as the economic shocks from the war compound the ongoing impacts of the COVID-19 pandemic. In its Economic Update...
By JOY ADARA, Abuja – The 36 states governors under the aegis of the Nigeria Governors Forum (NGF) would, on Wednesday, hold their virtual NGF meeting to deliberate on pressing national issues. The meeting which is the third of its type this year would focus on the energy crisis,...