Wednesday, 31st May 2023

Nigeria’s economy

20 Mar
When and if he is eventually sworn in as the next president of Nigeria, Mr. Bola Ahmed Tinubu, the candidate of the ruling All Progressives Congress (APC) who has been declared winner by the Independent National Electoral Commission..
12 Mar
FBNQuest has predicted a 3.2 per cent economic growth for Nigeria this year, compared to 3.1 per cent earlier forecasted in 2022.
10 Feb
Amidst revenue crunch and dwindling oil revenue, stakeholders in Abuja, have suggested that Nigeria’s ailing economy can receive a drastic boost if the Federal Government harnesses the opportunities in the creative industry and pass into law, the Creative Industries Development Bill.
1 Jan
To unlock growth and investment in 2023, the Federal Government has been urged to facilitate reforms in the oil and gas sector, fix power and prioritise infrastructure financing. The Centre for the Promotion of Private Enterprise (CPPE), disclosed this in its economic and business environment review for 2022 and agenda for policymakers for 2023. In…
18 Nov 2022
This is three times the total 2021 federal budget, projected at $34.51 billion. Clearly, one of the most significant barriers to industrialization, value addition and competitiveness of Nigerian firms is poor infrastructure.
29 Aug 2022
Amid the backdrop of rising uncertainty around the globe, Nigeria managed to pick up a 3.54 per cent growth in the second quarter (Q2) of the year. The Q2 performance is 43 basis points...
29 Aug 2022
The arrest of a supertanker with capacity for three million barrels of oil, about three times the one million barrels per day (bpd), clearly validates the widely held suspicion that siphoning of the country’s oil wealth is perpetrated by a syndicate.
13 Jul 2022
For political reasons, especially to keep the current government in power, the decision to stop the payment of subsidies has remained elusive and the rise of the cost of the scheme, believed to be in favour of the masses is now the leading cause of their adversity.
19 Jan 2022
Port Manager, Lagos Port Complex, Funmilayo Olotu, has said that Nigeria needs more export activities to boost its forex inflow, as it is needed to enhance economic growth and development.
14 Jan 2022
A global tightening of developed economies, particularly as announced by the United States Federal Reserve System and other developed countries, has raised fresh panic about Nigeria’s investment outlook with capital flight feared to worsen in coming months if not checked.
18 Nov 2021
Mr Simon Harry, the Statistician-General of the Federation and Head of the National Bureau of Statistics, has declared that the nation’s economy grew by 4.03 per cent in the Third Quarter of 2021.
22 Mar 2021
In the data world, like every other genre of science, there is no room for ambiguity but sufficient allowance for those who want to read the motive of the information source.


1 day ago
NATO's Secretary General Jens Stoltenberg on Tuesday condemned attacks against the alliance's forces in Kosovo, after 30 of its peacekeepers were injured in clashes with ethnic Serb protesters.
1 day ago
Dr Marcel Mbamalu, Publisher Prime Business Africa LAGOS, Nigeria, 30 May 2023 -/African Media Agency(AMA)/- Foremost publisher and media ace, Dr Marcel Mbamalu, has been nominated to participate in the 2023 Jefferson Fellowships. Dr. Mbamalu is the publisher and editor-in-chief of Prime Business Africa, which also happens to be the only media outfit selected from Nigeria and the…
1 day ago
ASTANA, Kazakhstan, 29 May 2023 -/African Media Agency(AMA)/- Bybit, the world’s third most visited crypto exchange, has received in-principle approval by Kazakhstan’s Astana Financial Services Authority (AFSA). This latest approval highlights Bybit’s continued commitment to expanding its presence in emerging and dynamic markets. The in-principle approval subjects Bybit to pre-conditions leading to permanent authorization upon Bybit’s completion…
1 day ago
President Bola Tinubu has ordered the Department of State Services (DSS) to vacate the office of the Economic and Financial Crimes Commission (EFCC) in Ikoyi, Lagos, immediately. Tinubu on Tuesday evening said if there were issues between the “two important agencies of government”, they would be resolved amicably. The President said this, according to a…
1 day ago
The Trade Union Congress of Nigeria (TUC) has urged President Bola Ahmed Tinubu to treat the issue of subsidy removal with caution. In his inaugural speech at the Eagle Square in Abuja on Monday, Tinubu declared that the era of subsidy payment on fuel has ended. He added that the 2023 Budget made no provision…