Nigerian economy are set to receive monetary boosts worth N589bn (£272.6m) following the conclusion of eight partnership agreements signed between the Federal Government and the United Kingdom. This was disclosed in a statement issued by the Ministry of Budget and…
By Esther Agbo The Lagos Chamber of Commerce and Industry (LCCI), in collaboration with the Ministry of Foreign Affairs and the Ministry of Industry, Trade and Investment, is set to host the highly anticipated 2024 LCCI International Business Conference &…
By Matthew Denis The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that the Nigerian economy was experiencing a positive growth rate of 2.99 per cent, surpassing the 2.3 per cent growth seen in the…
Echoes of the woes of the Nigerian economy have remained reverberating, particularly as the biting hardship posed by the removal of subsidy on premium motor spirit (PMS), popularly called petrol, has created conditions which have posed difficult times before Nigerians.…
The abolition of petrol subsidies by President Bola Tinubu remains a source of confusion, even after nine months since the decision was made. Despite assurances from the Federal Government and the Nigerian National Petroleum Company Limited that subsidies have been…
By Seun Ibiyemi The Central Bank of Nigeria has again postponed the meeting of its monetary policy committee despite the surge in inflation. This is according to a report by Bloomberg on Monday, which quoted the CBN’s Director of Corporate…
By Sodiq Adelakun The Labour Party’s presidential candidate for the 2023 general elections, Peter Obi expressed his concern over the increasing reliance on the US dollar in Nigeria’s economy. In a television interview on Monday, Obi emphasized the need for…
The Nigerian economy is built on a faulty foundation. Like all foundations, it requires considerable skill to strengthen and upgrade an already faulty one. A faulty foundation cannot support the weight of a structure, or keep it firmly on the…
…Commuters, traders suffer as commercial transporters boycott work in Osun …As CBN bows to pressure, extends deadline to February 10 …10-day extension is inadequate — CPPE …Extension of validity of old naira notes is step in the right direction –…
…As Govt eyes increasing revenue through productivity, value addition …Osinbajo laments Naira’s exchange rate, debt service to revenue ratio …Reps fume over N3.3trn domestic debt, grill DMO …As El-Rufai calls for discontinuity of subsidy regime Troubles of the Nigerian economy…
