Tuesday, 23rd April 2024
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Nigeria’s economy

22 Mar
The Anwar-ul Islam Movement of Nigeria has called on governments and all political elites to renew their intentions, prioritise nation building and cut the cost of governance to rebuild the country. The group noted that despite the huge palliative reeled out to people, poverty and hardship remain the lot of the populace. Speaking during the…
14 Mar
Stopping naira depreciation by fiat will shock the advocates of market-determined naira value, and send the right signal that Nigeria’s new government will not run with policies that do not work for Nigeria.
13 Mar
Nigeria's economy is bleeding profusely. The bleeding didn’t start recently. It started in trickles many years ago when the knowledge of Nigerian economic managers was relatively low and resources were sufficiently in abundance to overwhelm the avoidable leakages.
5 Feb
European Union (EU) Ambassador to Nigeria and Economic Community of West African State (ECOWAS), Her Excellency, Mrs. Samuela Isopi has declared that EU private sector investors are making significant contributions to the Nigerian economy. The Ambassador made this declaration at the Eurocham yearly stakeholder conference with the theme ‘Sustainable Business Growth 2024’ in Lagos. She…
16 Jan
Economists and financial experts have projected that Nigeria’s economy will grow at 3.47 per cent if the government focuses on investing in infrastructure that supports manufacturing, export, and small and medium-scale enterprises (SMEs).
10 Jan
The World Bank has projected Nigeria’s economy to grow at 3.3 per cent this year, about 0.4 percentage points higher than the 2.9 per cent it is expected to have closed last year.
17 Dec
Ogun State Governor, Prince Dapo Abiodun, has said that Nigeria’s economy would be sustainable if attention is shifted from oil to the non-oil sectors.
7 Dec
System +and societies are regularly compelled to review policies in light of changing realities. The review readies the system for the times ahead and puts them on a better ground for advancement. It is the reason systems have crops of leadership, expected to be knowledgeable enough to think out of the box, in the interest of navigating difficult times.
25 Nov
Despite rising inflation in the country, which as at October was 26.72 per cent, Nigeria’s economy grew by 2.54 per cent in the third quarter of this year. This is higher compared to the 2.51 per cent growth in Q2 and 2.25 per cent in the same period last year.
28 Jun 2023
The Nigeria Liquefied Petroleum Gas Association (NLPGA), an umbrella body of members involved in the LPG value chain, has said Nigeria is expected to generate at least N1 trillion yearly from the adoption of autogas conversion.
12 Jun 2023
In a bid to revitalise Nigeria's economy and leverage the immense potential of its citizens living abroad, prominent entrepreneur and business leader, Osayande Aghaze has advised the newly inaugurated President, Bola Tinubu, to tap into the vast business skills and expertise of Nigerians in the diaspora. Aghaze, a Nigerian-American, who’s a highly-revered Hollywood filmmaker, e-Commerce…

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Erik ten Hag says the media reaction to Manchester United's performance in the FA Cup semi-final against Coventry was "a disgrace", robustly defending his side's achievement in reaching a second straight final. United surrendered a 3-0 lead at Wembley on Sunday and were saved from a humiliating exit in extra time only by a VAR…
12 mins ago
A Federal High Court, Abuja, on Tuesday, fixed May 10 for ruling on an application by former Governor of Kogi, Alhaji Yahaya Bello, seeking an order of setting aside the April 17 arrest warrant issued against him. Justice Emeka Nwite fixed the date after counsel for the Economic and Financial Crimes Commission (EFCC), Kemi Pinheiro,…
18 mins ago
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21 mins ago
The Nigerian government has said that every Nigerian borrower who goes for made-in-Nigeria product would get better terms on their credit facility. This was revealed by President Bola Tinubu's spokesperson Ajuri Ngelale during in an interview on TVC. "The president has put in a stipulation that we are going to be giving through the Consumer…
29 mins ago
The Federal High Court in Abuja has rejected the request made by a former governor of Kogi State, Yahaya Bello, that his order of arrest should be discharged. The court rejected the request on Tuesday after Bello who was absent at his arraignment said he is ready to make an appearance but he is afraid…
33 mins ago
Former Governor of Kogi, Alhaji Yahaya Bello, on Tuesday, prayed a Federal High Court, Abuja to vacate the arrest warrant order issued to the Economic and Financial Crimes Commission (EFCC) against him on April 17. Bello, through his lawyer Adeola Adedipe, SAN, made the application following an order by Justice Emeka Nwite, directing the EFCC…
45 mins ago
At least 16 people are dead and 28 missing in a new migrant boat disaster off the coast of the Horn of Africa nation of Djibouti, the UN's International Organization for Migration said on Tuesday. The accident occurred about two weeks after another boat carrying mainly Ethiopian migrants sank off the Djibouti coast, claiming several…
54 mins ago
The management of Eko Electricity Distribution Company (EKEDC) on Tuesday apologised to its customers in some parts of Lagos and Ogun states over the recent power disruption. Mr Babatunde Lasaki, General Manager, Corporate Communications, EKEDC, made the appeal in a statement in Lagos. Lasaki said the problem was caused by a fault on Badagry Express…
1 hour ago
A Taiwanese father and son were each sentenced to eight years in prison for collecting confidential military information and trying to develop a spying "organisation" for China, a court said on Tuesday. Beijing claims self-ruled Taiwan as its territory and has ramped up military and political pressure on the island in recent years. The two…
1 hour ago
Dangote Petroleum Refinery has announced another significant reduction in the prices of diesel and aviation fuel to ₦940 and ₦980 per litre, respectively. This follows an earlier reduction to ₦1,000 per litre. The new pricing is designed to help mitigate the effects of economic hardship in Nigeria and comes just a week after the company,…