economy
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…
18 Oct
A global financial services provider focused on education and mobility solutions, Proconnect, has advocated for Nigerian students who study abroad to return home to contribute to the country’s economic development. The global CEO, Elda David Samuel, made this call during a chat with reporters at a global press conference organised by Proconnect on how Nigerians…
15 Oct
A financial analyst/investment banker, Mr Oluwaseyi Odufuwa, says Nigeria’s ambition to build a one-trillion dollar economy by 2030 is achievable if critical policies are implemented within the next three years. Odufuwa, who is also the Managing Director of Capital Plus Ltd., made this assertion during an interview with newsmen in Lagos. “Sustainable finance is crucial…
13 Oct
Vice-President Kashim Shettima says the nation’s economy has started improving and it will rebounce in the coming months
4 Oct
The National Space Research and Development Agency (NASRDA) has reaffirmed its commitment to positioning Nigeria as a key player in the global space economy. The Director of Media and Corporate Communications at NASRDA, Dr. Felix Ale, on Friday, in a statement, said the agency’s Director General, Matthew Adepoju, stressed this commitment during recent engagements at…
2 Oct
US private sector hiring picked up in September, with employers adding more jobs than anticipated, according to data released Wednesday by payroll firm ADP. ADP data showed private sector employment rose by 143,000 jobs, significantly higher than the 120,000 figure that a consensus by Briefing.com expected. The labor market in the world's biggest economy has…
25 Sep
Industry experts across Nigeria, on Wednesday, emphasized the crucial role digital entrepreneurship plays in driving the country's economic growth, job creation, and sustainable development. The experts who spoke at the Abuja Digital Entrepreneurship Drive (ADED) Launch of the Africa Business Hub, also highlighted the vast potential of digital entrepreneurship to transform the nation's economy and…
23 Sep
Ghanaian police said they had arrested 42 demonstrators in the capital, Accra after clashes erupted during protests against economic hardship and the government's handling of illegal mining, known locally as "galamsey". The protests, organized by the group Democracy Hub, began on Friday and were set to continue until Monday. The demonstrators, mostly young people, marched…
5 Sep
Vice President Kamala Harris travels to the crucial battleground state of Pennsylvania on Thursday, where she will reportedly spend five days
4 Sep
Ogun State Governor, Prince Dapo Abiodun, said the commencement of fuel production by the Dangote refinery will strengthen the nation's economy by eliminating constant shortages and conserving foreign exchange. Petrol produced from the 650,000 barrels per day Dangote refinery is expected to hit filling stations in the next 48 hours as modalities with the Nigerian…
30 Aug
Former Vice President Atiku Abubakar has been backed to improve Nigeria's economy if elected president in 2027. The Director General of Global Initiatives for Good Governance (GIGG), Dr. Emeka Kalu, gave his backing to Atiku in a statement in Lagos. According to Kalu, the type of leadership Nigeria needs right now is someone who has…
27 Aug
Real estate development plays a crucial role in the economic growth of any region, and Africa is no exception. The Real Estate Developers Association of Nigeria (REDAN) and similar organisations in other African countries contribute significantly to providing housing, commercial spaces, and infrastructure necessary for economic development.
Latest
3 mins ago
Nasarawa Local Government Area (LGA) chairman in Kano State, Yusuf Imam, has appointed 60 political aides to serve in various capacities in the council. Imam, popularly called 'Ogan Boye,' elected in November 2024, said the appointment of the new aides is strategically intended to promote development and strengthen good governance in the council area.…
7 mins ago
A new twist has been added to the lingering controversy in the Ohanaeze Ndigbo as an Enugu High Court on Tuesday restrained some chieftains of the organisation from interfering with or obstructing the January 10 national election of the apex Igbo socio-cultural organisation. The court had issued an interlocutory injunction restraining a self-acclaimed factional chairman…
10 mins ago
By The World Health Organization (WHO) has clarified that the rising circulation of respiratory viruses, particularly human metapneumovirus, in China aligns with typical winter patterns, with no emergency declarations amid growing attention to the matter. The UN body said that the common respiratory virus called human metapneumovirus, or HMPV, has been spreading in some countries…
10 mins ago
Lagos State government has revealed that 528 organisations, including religious centres, were shut in 2024 for noise pollution in the state. The General Manager of the Lagos Environmental Protection Agency (LASEPA), Dr Babatunde Ajayi, revealed this on Tuesday during a briefing on the activities of his agency in 2024 and the plans for 2025. …
13 mins ago
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) have charged former Governor Nasir El Rufai’s ex-chief of Staff, Muhammad Bashir Saidu, to the Federal High Court in Kaduna for allegedly looting the government treasury.Saidu, who was also a one-time Commissioner of Finance in Kaduna State under the El Rufai administration, was charged along…
20 mins ago
One of the opposition parties in the country, the Labour Party (LP) Ebonyi, on Tuesday, encouraged Governor Francis Nwifuru of Ebonyi State to invest more in agriculture and the building of industries, noting that if properly utilized, these sectors could tackle the economic hardship facing the state. The Secretary of the Ebonyi State chapter of…
25 mins ago
The Nigeria Customs Service (NCS), on Tuesday, revealed that it received 573,519 applications for the 2024/2025 recruitment exercise, barely a week after the portal was opened. This development follows the recent announcement by the Minister of Finance, Mr Olawale Edun, that the recruitment of 3,927 officers had been approved for the NCS. In an update,…
36 mins ago
The Niger Delta Development Commission (NDDC) has urged stakeholders in the Niger Delta region to shun politics, unite, and support the Commission in developing the Niger Delta communities. The NDDC Executive Director of Finance and Administration, Boma Iyaye, made the appeal when he spoke at a stakeholders' Interactive Forum on the Borokiri-Okrika Bridge Project in…
41 mins ago
The Centre for Reform and Public Advocacy has kicked against the moves by the Federal Capital Territory Internal Revenue Service (FCT-IRS) to collect all revenues on behalf of the six Area Councils of the FCT in 2025. The group, in a statement, maintained that the move to collect taxes on behalf of the Area Councils…
1 hour ago
Nigerians are still lamenting the high cost of food commodities 180 days after the Minister of Agriculture and Food Security, Senator Abubakar Kyari, promised a crash in prices. Kyari made the promise in a post he shared on X on July 10, 2024, where he unveiled measures that would bring down food prices in the…