President Bola Tinubu on Friday in Abuja received The Patriots, a group of eminent Nigerians, and emphasized that retooling the economy for sustainable growth and development was a major priority of his administration. Tinubu made the declaration when he received members of the group led by Chief Emeka Anyaoku, former Commonwealth Secretary-General, at the State…

Nigerian police fired tear gas on Thursday to break up several hundred protesters rallying in Lagos and in the capital Abuja against the high cost of living, AFP correspondents at the scene said. In Lagos, protesters tried to light bonfires outside the governor's office and police responded with tear gas, driving many of the protesters…

Nigeria is bracing for nationwide protests this week over economic hardship. Politicians and the army have warned people against taking to the streets, but organisers say government failings have left them little choice. Both sides have made comparisons with recent protests in Kenya that forced the government to withdraw new taxes, but it is not…

Britain's economy stagnated in April after emerging from recession in the first quarter of the year, official data showed on Wednesday. The zero growth in April followed an expansion of 0.4 percent in March, according to the Office for National Statistics.

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the government is working on the economic and investment climate to attract more multinationals into Nigeria. Edun, who was a guest on Channels Television’s Sunday Politics programme, said multinational companies exiting the country did not have a liquid foreign exchange market. He…

Data sourced from the Central Bank of Nigeria (CBN) suggest the economy may be relapsing to cash hoarding again a year after the chronic currency scarcity even as the proportion of currency in circulation that is held outside the banking system has returned to the pre-naira redesign level.

Nigeria’s economy is projected to grow to 3.3 per cent this year, while it may recede to 3.0 per cent in 2025. In its latest World Economic Outlook report, ‘Steady but slow: Resilience amid divergence,’ the International Monetary Fund said that Nigeria’s economy is expected to better 2023 growth which was pegged at 2.9 per…

President of the Manufacturers Association of Nigeria (MAN), Francis Meshioye, has lamented the state of the economy, which he said is in a dire state and urged the government and policymakers to be intentional about growing the manufacturing sector.

Amid unfavourable economic conditions in the country, Oyo State Governor, Seyi Makinde, yesterday, urged Nigerians, especially residents of the state, not to give up but to look at opportunities anytime there is a challenge, saying that opportunities always come up with challenges.

Convener of Concerned Nigerians, Deji Adeyanju, has urged the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, to stop laying too much emphasis on direct cash transfer to vulnerable Nigerians, but to rescue the plummeting economy.

Community Association for Grassroots Transformation (CAGRAT) has called on President Bola Tinubu to make the on-going fight against corruption more potent and inclusive.

Phrank Shaibu, spokesperson for former Vice President Atiku Abubakar, has ignited a firestorm by accusing the Nigerian government of secretly reinstating petrol subsidies. This accusation, coupled with the government's deafening silence on the matter, has raised concerns about financial mismanagement and potential corruption. Shaibu's alarm bells, according to various reports, began ringing after reports emerged…