economy
28 Jan
Experts and stakeholders in Nigeria have expressed optimism that the year 2025 will be better for the country in terms of economic growth and outlook. The stakeholders, who gathered at a breakfast meeting organized by the Franco-Nigeria Chamber of Commerce and Industry (FNCCI) in collaboration with United Bank for Africa, said the indices show a…
27 Jan
The National Bureau of Statistics (NBS) has explained that the plan to rebase the country’s gross domestic product (GDP) and the consumer price index (CPI) is not to satisfy any interest but to ensure that economic indicators accurately reflect the evolving structure of the country’s economy. The Statistician General of the Federation (SG), Prince Semiu…
24 Jan
The Federal Government has called for collaboration with the World Economic Forum (WEF) to foster economic development and growth in the country and on the African continent. Specifically, it sought partnerships with the global body on the African Atlantic Gas Pipeline (AAGP) to connect Nigeria to Morocco and other African countries, as well as the…
18 Jan
As inflation skyrockets and costs of living soar, individuals around the world—and particularly in Nigeria—are grappling with unprecedented financial stress. From trading in beloved SUVs for fuel-efficient cars to stretching salaries across multiple side hustles, people are devising new strategies for survival. In this cover story, CHIDIRIM NDECHE explores the roots of this economic crisis,…
16 Jan
Dr Taiwo Oyedele, Chairman, Presidential Committee on Fiscal Policy and Tax Reforms, has said that in 2025, there will be reforms on budget processing, medium term expenditure framework, and fiscal strategy paper to support economic rebasing. He said this at the Lagos Chamber of Commerce and Industry (LCCI) 2025 Economic Review and Outlook Conference on…
6 Jan
The Nigerian Social Insurance Trust Fund (NSITF) has developed a comprehensive programme for the integration of the informal sector into the Employees Compensation Scheme (ECS). NSITF Managing Director, Oluwaseun Faleye, confirmed this in a statement on Sunday by NSITF General Manager, Corporate Affairs, Nwachukwu Ngige. Faleye said that the fund would tap into the immense…
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…
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3 mins ago
The Federal Road Safety Corps (FRSC) has declared that it would not be deterred by threats from the National Association of Nigerian Students (NANS) over the impoundment of vehicles with fake number plates. The FRSC Corps Marshal, Malam Shehu Mohammed, said this in a statement by the Corps Public Education Officer (CPEO) Assistant Corps Marshal…
8 mins ago
President Bola Tinubu has approved N80 billion for the reconstruction and expansion of the Alau Dam in Borno. Prof. Joseph Utsev, the Minister of Water Resources, confirmed this during a briefing with State House correspondents following the second FEC meeting of the year on Tuesday. Utsev, also the chairman of the inter-ministerial committee on dams,…
25 mins ago
US President Donald Trump said Tuesday he was not in a hurry to speak with his Chinese counterpart Xi Jinping, despite expectations that they would hold talks after announcing tit-for-tat tariffs in a growing trade conflict. Beijing said it was imposing levies on imports of US energy, vehicles and equipment in a return salvo minutes…
41 mins ago
The management of the University of Lagos (UNILAG) said it would soon unveil a policy document on the ethical use of artificial intelligence (AI) in academic activities to “enhance critical thinking rather than fostering plagiarism and academic indolence”.
44 mins ago
The Federal Executive Council (FEC), yesterday, gave approval to the Debt Management Office (DMO) to raise a N758 billion bond to clear the backlog of pension liabilities for all categories of pensioners.
47 mins ago
A 200-level Mass Communication student at the University of Ilorin has reportedly taken his own life at his residence in the Oke-Odo area of Tanke, Ilorin.
48 mins ago
National Agency for the Prohibition of Trafficking in Persons (NAPTIP) has handed over 12 children rescued from traffickers to Niger State Government. Director General, NAPTIP, Binta Bello, who handed over the children to the state Governor, Muhammed Bago
48 mins ago
In its continued effort to reaffirm dedication to online safety, social media platform, TikTok has removed over two million videos in Nigeria between July and September 2024.
48 mins ago
Immediate past Governor of Kaduna State, Nasir el-Rufai, has accused his successor, Uba Sani, of sycophancy and pandering to President Bola Tinubu for personal gain.
49 mins ago
With the palatial setting of the Presidential Villa as a backdrop, the Coordinating Minister of Health and Social Welfare, Prof. Muhammad Ali Pate, yesterday, praised the Federal Government’s achievements in the health sector...