High inflation driven by soaring food prices has pushed seven million Nigerians into poverty, the World Bank said. In a new report, it commended Nigeria for buttressing its economy from fallout from the coronavirus pandemic […]
Four Republican-led states are dropping federal unemployment benefits after Saturday. Shannon Meyer of Louisburg, Missouri, is about to lose the $363 weekly income the federal government has paid her since last year, when she stopped […]
When the presidential campaign of the All Progressives Congress, APC, was formally inaugurated in January 2015, then candidate Muhammadu Buhari promised to tackle corruption and insecurity, and develop the economy. Mr Buhari, a former military […]
The immediate implication of a chasm which public information management in Nigeria has successfully created between the government and the people is that the country now has two major debating groups. The first group is […]
By AFP OPEC upgraded its expectations for global oil demand growth in 2021 Tuesday on expectations of a growth rebound, as the oil-producing countries’ organisation plans to lift output in the months ahead. The monthly […]
Chinese regulators have hit e-commerce company Alibaba with a fine of 18.2bn yuan (US$2.78bn) over practices deemed to be an abuse of its dominant market position, according to state-run media. The Xinhua news agency said […]
By Chuku Chuku, Adamon Mukasa and Yaye Betty Camar Africa is set to recover from its worst recession in half a century. Real GDP is projected to grow by 3.4% in 2021 after contracting by […]
The National Leader of the All Progressives Congress, Bola Tinubu, has said the Nigerian economy under President Muhammadu Buhari remains weak with high unemployment. He noted that Nigerians must admit that the weak economy is […]
By Geoff Iyatse 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. But […]
Following its appointment in September 2019, the Presidential Economic Advisory Council (PEAC) became the unseen hand on economic matters behind the President. It became the final economic policy/decision-making organ that is expected to ensure correct […]
By Mary Ugbodaga Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has defended the apex bank’s action in restricting the sale of foreign exchange (FX) to milk importers. He was speaking on Tuesday, […]
One in three Nigerians able and willing to work had no jobs in the fourth quarter of 2020, according to the National Bureau of Statistics. The bureau reported Monday that Nigeria’s unemployment rate rose to […]
Nigeria’s economy grew by 0.11 percent in the fourth of 2020. This comes after two consecutive quarters of negative growth which result in a recession. “Nigeria’s gross domestic product (GDP) grew by 0.11 percent (year-on-year) […]
Continued from yesterday Three, between November 30 and December 4, 2020, CBN announced and implemented a policy measure directing deposit money banks to pay remittances from Nigerians in the Diaspora to recipients either in foreign […]
By Babajide Komolafe The Central Bank of Nigeria, CBN, yesterday warned the Federal Government (FG) against imposing another total lockdown of the country, saying such a move would be catastrophic to Nigerians and the economy. […]
Nyesom Wike, governor of Rivers state, says everything, including security and the economy, has collapsed in Nigeria. Wike, who spoke during the inauguration of the Woji Road, and Obagi Road at GRA Phase 2, Obio […]
There were strong indications on Thursday that the financial problems facing state governments had worsened as many states had yet to start the payment of N30,000 minimum wage 11 months after the deadline given by […]
Nigeria is grappling with additional challenges, including a faster rate of inflation, as the gap between official and parallel segment of the foreign exchange (FX) market continues to widen. As of yesterday (Tuesday), the differential […]
Nigeria, yesterday, yet again slipped into another round of recession recording a negative Gross Domestic Product (GDP) growth of 3.62 per cent in the third quarter (Q3) of 2020. But experts were quick to warn […]
The Nigerian economy has slipped into a second recession in five years, culminating months of battering by the coronavirus pandemic. The National Bureau of Statistics National Bureau of Statistics announced Saturday the nation’s GDP declined 3.62 […]
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