Thursday, 26th December 2024
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Nigerian economy

9 Dec
The challenge to the enhancement of ease-of-doing-business in Nigeria came to the fore recently. There have been reverberating complaints by stakeholders on the poor performance of the Corporate Affairs Commission (CAC) in the registration of companies, among others.
3 Dec
Considering the formidable informal sector as a cornerstone of the Nigerian economy, maximising its enormous capacity can drive sustainable growth of outsourcing business
30 Nov
Honourable Abdussamad Dasuki, representing Tambuwal Federal Constituency of Sokoto State, has urged the Presidency to provide detailed data on tax revenue distribution to states under existing and proposed tax laws. Dasuki, who also chairs the House of Representatives Committee on Shipping Services, believes such transparency is critical to fostering informed debate and decisions regarding the…
26 Nov
Living in today’s Nigerian economy feels like trying to catch your breath in a whirlwind. With prices soaring, opportunities seeming scarce, and uncertainty looming, many of us are left asking: “How can I create a more secure and fulfilling future?” Now, imagine landing global roles, earning in dollars, and working from the comfort of your…
25 Nov
Political or governance norms assist or hinder economic performance of a nation. These norms include transparency, equity or fairness, rule of law, participation, responsiveness subsidiarity and accountability to mention a few.
18 Nov
Dozzy Couture, a premium men’s fashion brand celebrated for its quality and innovation, unveiled its new showroom on 10 November 2024. Situated on Ago Palace Way in Okota, Lagos Mainland, the showroom marks a significant milestone in the brand’s journey, offering a one-stop destination for ready-to-wear men’s clothing, including kaftans, traditional attire, corporate wear, casual…
14 Nov
Public Private Partnerships (PPPs): Encourage a collaboration of educational institutions, non-governmental organisations (NGOs) and private sector enterprises to deliver programmes. Combine the strengths of the different stakeholders for maximum impact.
13 Nov
The Nigerian economy is characterised by a large informal sector with a sizeable share of its output, labour force, income and economic activity.
12 Nov
Dangote Cement Plc emerged as a double honouree at the FMDQ Gold Awards held in Lagos, celebrating the company’s contributions to Nigeria’s financial landscape. Recognised for the Largest Commercial Paper Quotation and the Single Largest Corporate Debt Issue, Dangote Cement’s achievements underscore its substantial impact on the country’s financial markets. Adding to the accolades, the…
11 Nov
Former Vice President Atiku Abubakar has strongly criticised President Bola Tinubu’s economic policies, claiming they are worsening life for Nigerians and should be the primary focus of his administration rather than targeting political opponents. Atiku issued a statement through his Special Assistant on Public Communication, Phrank Shaibu, in response to a recent statement by the…
4 Nov
Zamfara State has emerged as Nigeria's leading state in Internally Generated Revenue (IGR) growth, achieving a remarkable 240.44% increase, as reported in BudgIT’s 2024 State of States Report. This annual publication evaluates fiscal performance across Nigeria’s 36 states, assessing long-term sustainability, revenue diversification, and financial independence. A statement by the spokesperson of the Zamfara Governor,…
1 Nov
Senator Heineken Lokpobiri, Nigeria's Minister of State for Petroleum Resources, addressed a distinguished gathering of the oil producers trade section (a group by the five oil giants operating in Nigeria) at the Cross Industry Group (CIG) meeting  in Istanbul, Turkey. Presenting a strategic plan to navigate the challenges and opportunities within Nigeria's petroleum industry. Lokpobiri…

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Ikotun Plank Market was on Thursday razed by fire, with goods worth millions of naira destroyed. Permanent Secretary of the Lagos State
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The Governor of Osun State, Ademola Adeleke, has pardoned Segun Olowookere, the young man who was sentenced to death in Osun for stealing a chicken in November 2010. Olowookere was granted a prerogative of mercy alongside 52 other convicts who had varying levels of sentences in correctional centres in Osun, by the governor. According to…
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  A businessman based in the United Kingdom, Blessing Akinlemimu, has alleged that the Ondo State Police Command and the office of the Assistant Inspector General of Police, Zone 17, are planning to frustrate an ongoing investigation into an attack on him by hoodlums.   According to Akinlemimu, he was attacked on November 12 in…
31 mins ago
The Federal Government has dismissed the allegations by the military leader of Niger Republic, General Abdourahamane Tchiani, claiming collusion between Nigeria and France to destabilise his country. According to the federal government, these claims exist solely in the realm of imagination, as Nigeria has never engaged in any overt or covert alliance with France—or any…
40 mins ago
The All Progressives Congress (APC) has described as laughable the claim by Senator Rabiu Kwankwaso to significantly reduce APC votes in Kano in the 2027 elections. Kwankwaso, on Wednesday, declared that if the New Nigeria Peoples Party (NNPP) was formidable enough to send the APC out of power in the 2023 general election, the APC,…
49 mins ago
The Governor of Osun State, Ademola Adeleke, has exercised the prerogative of mercy towards 53 convicts serving time in various correctional centers across the state. These inmates had been convicted to various terms of imprisonment. Some of them had served substantial portions of their sentences, while others were sentenced to death and had spent at…
53 mins ago
The Kano State chapter of the All Progressives Congress (APC) has described the presidential candidate of the New Nigeria Peoples Party (NNPP), Rabiu Musa Kwankwaso, as a refugee politician desperately keen on remaining relevant in the country. The chairman of the state chapter, Prince Abdullahi Abass, in a statement on Thursday, noted that the claim…
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In a tale of love, betrayal, and scam, Diana Nelson, an 80-year-old American citizen, fell victim to a romance scam plotted by Emmanuel Adeboye, a Nigerian impersonating Mark Hammon, a Hollywood actor. Nelson met Adeboye on Facebook, where he identified as Mark Hammon. The duo became friends on the app, and slowly, Nelson began falling…