economy
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…
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…
Latest
6 mins ago
Amid the ongoing political crisis in Rivers State, the National Working Committee (NWC) of the Peoples Democratic Party (PDP) has visited Governor Siminalayi Fubara, affirming him as the leader of the party in Rivers State. The NWC members stated this during a closed-door meeting with the Governor at Government House, Port Harcourt. They also celebrated…
12 mins ago
Three people were stabbed in Rome as 80 people believed to be Lazio “ultra’’ fans attacked some 70 Real Sociedad supporters on Wednesday night. The Italian news agency ANSA reported on Thursday. The agency reported that the attackers ran off when police arrived at the scene of the clashes in Rome’s centre. READ ALSO:Gabon to…
14 mins ago
The Adamawa State High Court in Yola has ordered the state’s Police Command to pay N5 million in damages to Hammandu Musa for his unlawful detention at the Jimeta Correctional Centre for five years without trial. Musa was arrested in 2019 by a vigilante group in Song Local Government Area over alleged involvement in kidnapping…
27 mins ago
Nigeria's security community is awash with mixed reactions following reports that troops have killed the son of notorious bandit leader, Bello Turji, in a recent operation. The development has triggered debate, with some hailing the military's efforts in tackling banditry, while others have raised concerns about the implications of targeting family members of high-profile criminals.…
30 mins ago
The Nigerian Army, has reiterated its commitment to addressing accommodation shortages faced by personnel of the 6 Division. Maj.-Gen. Jamal Abdussalam, General Officer Commanding (GOC) 6 Division, made this known on Thursday, while inaugurating three projects at the division’s headquarters in Port Harcourt. The projects include a block of six mini flats as transit accommodation…
33 mins ago
Gabon's transitional government said Thursday that presidential elections would be held on April 12, a key step to re-establish civilian rule after a coup ended the Bongo dynasty's decades-long reign.
55 mins ago
The Bonny Local Government Area (LGA) of Rivers has condoled with the families of the three persons that died in a boat mishap on the Bonny Sea on Sunday, January 19. The council’s condolences is contained in a statement issued to newsmen by the Secretary to the LGA, Mr. John Gabriel-Pepple, in Bonny, on Wednesday.…
1 hour ago
Napoli are riding a wave of enthusiasm ahead of Saturday's visit of Juventus as fans begin to believe that Antonio Conte can bring Serie A title glory back to southern Italy.
1 hour ago
All three pastors who were kidnapped at gunpoint in Ejule, Ofu Local Government Area of Kogi State, have been released by their abductors. The pastors were reportedly abducted at about 11 p.m. last Monday night, shortly after departing the crusade grounds in Ejule. It was learnt that the kidnappers, who may have been trailing the…