economy
27 Dec
A chieftain of the All Progressives Congress (APC) and former lawmaker of the Osun State House of Assembly, Olatunbosun Oyintiloye, has said that 2025 will be a turning point for an improved economy for the state and the nation at large. Oyintiloye, who represented the Obokun State Constituency, stated this in his yuletide message to…
9 Dec
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Monday, said there are positive indicators that Nigeria's economy is poised for a positive turnaround in 2025. Edun stated this while giving an overview of the expected 2025 budget proposal and the Medium-Term Expenditure Framework and Fiscal Strategy Paper before members of…
7 Dec
Ogun State Governor, Prince Dapo Abiodun, has declared that his administration, over the past five years, has carried out an unprecedented turnaround in all the critical sectors of the state economy, describing it as a "silent economic revolution." He added that despite the humongous infrastructural deficit his government inherited upon assumption of office in 2019,…
30 Nov
Blessing Oyeleye Adesiyan is a care economist and innovator. She is the founder and Chief Executive Officer of Mother Honestly Group Inc. the parent company of The Care Gap, Caring Africa, and Caring Blocks, focused on closing the care gap for families, workplaces, and economies through research, policy, and technology reaching over 30M+ globally. In…
26 Nov
Nigeria’s output defied the odds growing by 3.46 per cent in the third quarter of the year, according to data released by the National Bureau of Statistics (NBS) yesterday. The announcement comes amid a high inflation rate, prohibitive interest rate, and insecurity among other headwinds. The growth is 0.92 percentage points higher than the rate…
25 Nov
The Kano State Government has concluded plans to strengthen the state’s economy and boost Small Scale Enterprises with a N25 billion small-scale entrepreneurs support loan. With about 70 per cent of the funds allocated to entrepreneurs, the initiative is poised to promote economic growth and development in Kano State. Making this known, the Commissioner for…
24 Nov
A financial expert, Prof. Uche Uwaleke, says the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is likely to raise interest rates again. Uwaleke, the Director, Institute of Capital Market at the Nasarawa State University, is also the President, Capital Market Academics of Nigeria. He said this in an interview with the…
22 Nov
The Nigerian government and people have been challenged to learn from the People's Republic of China on economic transformation and lifting its huge population out of abject poverty. Former Governor of Abia State, Dr Okezie Ikpeazu, issued the challenge on Thursday while unveiling a book written by journalist John Azu, titled "Contemporary Legal Cooperation: China…
18 Nov
President Bola Tinubu, on Monday, warned that a collapsed Nigerian economy will not be in the interest of anyone, calling on academic unions, especially the Academic Staff Union of Universities (ASUU), and others to partner with the government in building the economy. Tinubu, who was represented by the Minister of State for Education, Dr. Suwaiba…
16 Nov
The Minister of Environment, Balarabe A. Lawal, has stated that the government is working on the principles of a circular economy to scale up infrastructure development and enhance the country's economic landscape. Lawal disclosed this during a plenary session on “Empowering Interregional Partnerships for Circular Economy Transition: Towards A Climate-Resilient and Sustainable Future” at the…
13 Nov
A Chieftain of the Peoples Democratic Party (PDP) in Enugu state, Humphrey Nwodo said on Wednesday that Governor Peter Mbah has laid enduring legacies that could transform the economy of the state. He stated that the quantum of projects by the governor when completed would improve the state’s economic viability and place it above its…
31 Oct
The former national chairman of the All Progressives Congress (APC), Adams Oshiomhole has warned that the current economic hardship in Nigeria could lead to social unrest. Oshiomhole gave this warning while speaking at a recent Distinguished Personality Lecture hosted by the National Institute for Security Studies (NISS) in Abuja. Speaking on the topic, “National Minimum…
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1 hour ago
The 11 electricity distribution companies (DisCos) operating in the country paid a total of N137.06 billion to the Transmission Company of Nigeria (TCN) in the first nine months of 2024 as transmission and administrative charges
1 hour ago
With feelers suggesting that many of the state governments have yet to communicate when the N70,000 minimum wage implementation will commence or lack the resources to pay, there are signals of a possible fresh struggle ahead of the full take-off of the year, The Guardian can report.
1 hour ago
The cost of revenue collection by Nigeria’s key agencies – the Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS) and Nigerian Upstream Petroleum Regulatory Commission (NUPRC) – continued to rise despite improved technology that has aided efficiency, hitting N924.7 billion last year.
1 hour ago
Terrorists have killed Acting Chairman of the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) in Katsina State, Amadu Surajo.
2 hours ago
2025 will be a challenging year for the All Progressives Congress (APC) in Lagos. Governorship hopefuls and camps are gearing up for a supremacy battle that will determine the outcome of the forthcoming party congress and local council elections
2 hours ago
As many governors remain reluctant to implement the new national minimum wage of N70,000, it has become imperative that they rethink, given the harsh economic situation Nigerians are going through.
2 hours ago
With a fresh policy underway to ban the use of foreign currency for local transactions, there are concerns that the proposed legislation will inhibit foreign direct investments and trigger ‘black market’ transactions in the real estate market
2 hours ago
Governor 'Seyi Makinde of Oyo State, yesterday, offered reasons why the upgrade of Ibadan Airport to international standards, and the Ibadan Circular Road projects were strategic in setting the state economy on an accelerated trajectory.
2 hours ago
Riding on 2024 gains, the Nigerian Exchange Limited (NGX) commenced 2025 trading on a positive note, as the all-share index (ASI) recorded 1.42 per cent week-on-week (WoW) gain to close at 103,586.33 points.