The International Monetary Fund (IMF) has approved immediate debt relief for 25 countries, most of them in Africa. In a statement by Kristalina Georgieva, the Managing Director of the IMF, the international lender said it […]
Power distribution companies on Wednesday announced that they were in support of the proposal by the National Assembly and the Federal Executive arm of government that Nigerians should get two months of free electricity. Speaking […]
The Federal Government on Tuesday night reduced the price of petrol from N125/litre to N123.5/litre. Current petrol price indicates a reduction of N1.5 on every litre of petrol purchased nationwide. It announced the reduction through […]
The Nigerian Electricity Regulatory Commission has suspended the proposed increase in electricity tariffs initially slated for Wednesday (today). NERC had on January 4, in its December 2019 Minor Review of Multi Year Tariff Order 2015 […]
The recent shrinking of the South African economy in the last quarter of 2019 has strengthened Nigeria’s position as the biggest economy in Africa. This is the case, irrespective of the exchange rate used in […]
Not ones to waste an opportunity, the supporters of the President, Maj.-Gen. Muhammadu Buhari (retd.), are in a jubilant mood that Nigeria has once again overtaken South Africa as Africa’s largest economy. Bloomberg – a […]
Analysts at SBM Intelligence says the Nigerian economy is at risk of a recession as the outbreak has resulted in a drop in crude oil prices. In a report titled ‘The potential effects of coronavirus […]
2019 was packed with uncertainty thanks to persistent trade drama, global growth fears and volatile oil prices. Unfavourable global economic conditions left no prisoners with both developed countries and emerging markets feeling the heat. Although […]
Nigeria’s gross domestic product grew by 2.27% in 2019, data released by the National Bureau of Statistics has shown. The International Monetary Fund (IMF) had projected that the nation’s economy would grow by 2.1% in […]
Against the background of what the fiscal and monetary authorities already know, it is wicked for them to subject the Nigerian people to one additional day of deliberate mismanagement of the economy with impunity. Nigeria’s […]
In 2019, the global economy witnessed a significant downturn; growing by an average of 3.3 per cent during the year, down from 3.7 per cent in 2018. Average Brent crude prices fell from an average […]
The total quantum of electricity generated on the national grid since the beginning of 2020 reached a peak of 4,898.2 megawatts on Wednesday, latest industry data obtained on Thursday in Abuja showed. Findings from the […]
The Trade Union Congress has given state governments that are yet to implement the N30, 000 new minimum wage up until January 31 to comply or risk industrial action from workers. The union gave the […]
Continued from Tuesday Anyhow, while all that was going on, World Wars were taking place. Europe received its first pounding between 1914 and 1918 in the First World War. The USA was physically too removed […]
Nigeria’s former Vice President, Atiku Abubakar says the President Muhammdu Buhari-led government, in 2019 plunged the nation into throes of economic instability, with more people losing jobs and the attendant outcome of more children being […]
Marabout economy is what you sometime read in the works of Sembène Ousmane especially in Xala and Mandat; while it rendered governance impotent in the times of Senghor it made the entire Guinea in Sekou […]
The Federal Inland Revenue Service (FIRS) is offering taxpayers a 30-day grace to obtain their tax clearance certificate. In a public notice signed by Muhammad Nami, its executive chairman, the revenue agency said it has […]
Donatille Mukabalisa, 59, is speaker of Rwandan parliament and leader of the opposition Liberal Party. In this interview with Temitope Ajayi in Kigali, she said her country is leading the world in area of gender […]
India is on track to overtake Germany as the world’s fourth-largest economy by 2026, dumping all leading European economies out of the top flight as Asia continues its remarkable rise. The forecast from the Centre […]
If you felt intimidated by the public notice on “national enforcement on tax defaulters” issued last week by the Federal Inland Revenue Service (FIRS), let’s say that is just the introduction. By the time President […]
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