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Nigeria economy

23 Feb
Nigeria, like many other nations, is currently undergoing a transformative digital financial revolution that holds immense promise for financial inclusion and economic growth. However, with this surge in digital financial services comes an escalating need for robust security measures to safeguard against illicit financial activities. In this rapidly evolving landscape, the role of financial risk…
23 Feb
Nigeria's economy grew 3.46 per cent in the fourth quarter of 2023, sustaining the third consecutive expansion since President Bola Tinubu assumed office as president.
8 Feb
In the labyrinth of Nigeria's economic landscape, a pervasive wave of hardship has engulfed the nation, leaving its citizens navigating through soaring costs, diminished purchasing power, and profound lifestyle adjustments. The complex interplay of policy reforms, notably the removal of fuel subsidies and the unification of exchange rates, has ushered in a new era of…
18 Dec
Former APC Deputy National Publicity Secretary, Timi Frank, has voiced deep concern about the deteriorating socio-economic conditions during President Bola Tinubu's tenure. Frank, in a statement issued on Monday, highlighted the severe economic hardships faced by Nigerians, citing escalating poverty, salary delays, inflation surges beyond 28 percent, and the cost of living soaring. He pointed…
4 Dec
For the nation’s economy to grow steadily at sixteen per cent per annum over the next six years to attain $1 trillion economy by 2030, there is need for government to unlock the huge potentials of long term financing inherent in the capital market, as well as ensure that borrowings are tied to infrastructure bonds.…
11 Nov
Prof. Doyin Salami, former Chief Economic Adviser to the immediate past president of the country, Muhammadu Buhari, has blamed the nation’s backwardness on its handlers, saying there were no deliberate efforts about its progress. Salami, who was the guest speaker at the 2023 Sobo Sowemimo Annual Lecture with the theme, ‘Imperatives of Nigeria’s Regeneration’, held at the…
19 Sep 2023
Deputy Secretary, U.S. Department of the Treasury, Wally Adeyemo, yesterday, blamed instability of the naira, corruption, and lack of integrity for Nigeria’s financial woes, even as he proffered solutions. Adeyemo spoke, when he visited the Lagos Business School, calling among others, for unification of the country’s foreign exchange, with a view to attracting foreign investment.…
30 May 2023
I wish to congratulate you (former) Mr President for your stewardship of Nigeria for the past eight years. Thank you very much for all your strong support for me, as President of the African Development Bank Group.
29 May 2023
Findings have shown that contrary to promises by President Muhammadu Buhari and the All Progressives Congress (APC), on assumption of office in 2015 and 2019, to revamp the economy, tackle corruption, among others, not much have been achieved, few days to the end of their eight years in office.

Latest

11 mins ago
Xabi Alonso, who was seen by many as Liverpool's top target to replace Jurgen Klopp as their manager, said on Friday he is staying at Bundesliga leaders Bayer Leverkusen next season. The 42-year-old Spaniard has Leverkusen on course for a trophy treble, including their first ever German league crown. "It's been a season of speculation…
41 mins ago
Transaction activities of the stock market on the Nigerian Exchange Ltd. (NGX) declined by 0.08 per cent, making the market capitalisation to close the week at N59.121 trillion.
51 mins ago
The suspended Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, on Friday wished President Bola Tinubu a happy 72nd birthday amid allegations of financial misconduct and abuse of office. Edu extended her birthday wishes to Tinubu on X, praising the president's visionary leadership and its positive impact on the nation. https://x.com/edu_betta/status/1773622842233340082?s=31 This gesture comes…
52 mins ago
The Nigerian Government has released N90billion as a subsidy for the payment of fare for the 2024 pilgrimage to the Hajj, Kingdom of Saudi Arabia. Daily Trust reported on Friday that sources in the National Hajj Commission of Nigeria (NAHCON) and the Presidency said the Federal Government provided the funds as subsidies for the pilgrimage.…
1 hour ago
The African Development Bank (AfDB), has signed a 75 million dollar loan agreement with Nigeria’s Indorama Eleme Fertilizer and Chemicals Limited to increase its fertilizer production and develop a port terminal for exports.
1 hour ago
Nigerian afrobeat musician Bisade Ologunde is better known by his stage name, Lagbaja. His signature face mask denotes him as the country’s everyman—the faceless individual. Lágbájá, a Yoruba word, means a person whose name and identity are purposely concealed or an invisible person. He is somebody, anybody, and everyone. It was pretty interesting, if not…
2 hours ago
Russia will begin calling up tens of thousands of soldiers next week in a conscription drive to replenish its armed forces and build up its military reserves.
2 hours ago
The times are tough. It is therefore just appropriate that President Bola Ahmed Tinubu has shunned all forms of celebration of his 72nd birthday. He has great dreams. And a proverb says a man who wants his dream to come true does not sleep. That is a proverb Asiwaju has lived all his life and…
2 hours ago
The times are tough. It is therefore just appropriate that President Bola Ahmed Tinubu has shunned all forms of celebration of his 72nd birthday. He has great dreams. And a proverb says a man who wants his dream to come true does not sleep. That is a proverb Asiwaju has lived all his life and…
2 hours ago
King of the Ewu kingdom, Clement Ikolo, who is one of the suspects declared wanted by the Nigerian military, has been handed over to the military by the police. The spokesperson for the Delta State Police Command, Bright Edafe, confirmed this on Friday. The monarch was one of the eight persons declared wanted by the…