President Muhammadu Buhari has apologised for the impacts of his economic policies on Nigerians. The president spoke in his farewell broadcast to the nation on Sunday. Buhari said some of his administration’s policies caused “temporary […]
BY ADEYEMI DIPEOLU I always like to start any discussion on the subject of illicit financial flows in Africa by recalling the story of how the fight gained momentum in the continent. In 2011, we […]
E-commerce has emerged as a thriving industry following the acceleration of digital transformation as new digital platforms, and evolving consumer preferences have combined to make the internet the biggest marketplace. E-commerce now accounts for a […]
The United States Federal Reserve (Fed) has raised its interest rate by 50 basic points — the biggest hike since 2000 — in an effort to curb rising inflation. The bank’s federal open market committee […]
Against all odds, Nigeria’s economy emerged from last year with a somewhat impressive fact sheet. The value of production output expanded by 3.4 per cent in real terms, pushing the country’s real Gross Domestic Product […]
Governor Samuel Ortom of Benue State Thursday decried the worsening economic downturn in the country which he said has given rise to the fast declining purchasing power of Nigerians occasioned by the dwindling value of […]
Long-term unemployment fell significantly in January, continuing a downward trajectory from its pandemic-era peak after having plateaued in recent months. The number of Americans out of work for at least six months declined by 317,000 […]
Nigeria is currently wooing foreign investors, especially technology giants, to the country at the maiden LEAP 2022 technology conference and exhibition, organised by the Ministry of Communications and Technology, Saudi Arabia. Minister of Communications and […]
The economy gained a surprise 467,000 jobs in January, and the unemployment rate stayed relatively flat, rising slightly to 4 percent from 3.9 percent, according to Friday’s monthly employment report from the Bureau of Labor […]
Airlines must operate more flights in Britain this summer as demand recovers from the pandemic or lose lucrative take-off and landing slots, the UK government warned Monday. Carriers operating in Britain are currently using about […]
The Federal Inland Revenue Service (FIRS) said it would give priority to the taxation of the digital economy this year. It added that it would deploy technological tools in assessing entities that fall within the […]
The new year is here, it is my prayer that 2022 will be a profitable year for all individuals, businesses, and households. Our new year resolutions at every level must include enhancing productivity and improving […]
The World Bank says the Nigerian economy is expected to grow by 2.5 percent in 2022, up from an estimated 2.4 percent growth in 2021. The Washington-based institution disclosed this in its latest Global Economic […]
President Muhammadu Buhari has appointed Doyin Salami as his chief economic adviser. Salami is the current chairman of the presidential economic advisory council (PEAC). Femi Adesina, special adviser to the president on media and publicity, […]
The Lagos Chamber of Commerce and Industry (LCCI) forecasts that Nigeria’s economy will end its current growth rate for the year at 2.5%. This was disclosed by Mrs Toki Mabogunje, President, LCCI, at the 133rd […]
Nigerian public debt continues to grow at a rapid rate, prompting talk of an overhang. If we look solely at the debt/GDP ratio, Nigeria is in a much better position than its EM peers. The […]
Analysis of the Q3 2021 GDP report showed the manufacturing sector’s real GDP grew by 4.29% y/y. Since the start of the year, the sector amassed positive growth following the contraction witnessed in 2020. Reasons […]
A multi-trillion naira debt servicing plan, accompanied by yet another $8.32 billion borrowing request tamely approved by the Senate, has reignited widespread alarm over the Federal Government’s borrowing binge. The provision to spend N14.6 trillion […]
Disturbed by parlous living conditions of Nigerians, the Trade Union Congress (TUC), yesterday, charged President Muhammadu Buhari and the other tiers of government to design a new people-centred and workable economic roadmap. In a Sallah […]
The Central Bank of Nigeria (CBN) has announced that the ban on sales of foreign exchange (forex) to Bureaux De Change (BDC) operators still stands, saying that the practice is used to carry out graft […]
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