economy

Pop singer and song writer, Skales yesterday blasted President Buhari, calling him the worst president in the world, Vanguard reports. The “Shake Body” crooner expressed his disappointment with the President Buhari-led APC government on his Twitter page yesterday. Following the prevailing...

Governor Rochas Okorocha has said that Nigeria's economy situation top agenda at the closed door session with President Muhammadu Buhari. Okorocha briefed journalists after a meeting between the party’s governors and President Muhammadu Buhari at the Presidential Villa, Abuja. He said the...

The Senate President, Dr. Bukola Saraki, has backed the business magnate, Aliko Dangote for the sale of government properties and other sources to shore up reserves in order to revive the economy. Africa's richest man, Aliko Dangote, had on Friday in an interview with CNBC Africa suggested that...

The Presidency on Thursday has reacted to Emir of Kano, Alhaji Mohammed Sanusi's criticism of President Muhammadu Buhari's economic policies. Emir Sanusi, had on Wednesday, criticised the present administration saying the Buhari-led administration might end up like the immediate past President...

Governor Mohammed Badaru Abubakar of Jigawa State explains why the economic policies of President Buhari must be supported by Nigerians. Governor Badaru in an interview with DailyTrust newspaper, said: “by 2015, the country’s economy was on life support and was literally handed over to the APC...

South African hotel and gaming group, Sun International said on Monday it had decided to exit Nigeria due to weak economic growth and clashes with regulators in the West African country. “The Board has decided to exit Nigeria and steps will be taken to achieve this in a manner that does not...

Olubunmi Uko, a businesswoman reportedly walked out of her home last Friday evening with her last child, identified as Seun after leaving a suicide note, was still unknown at press time According to Vanguard, she had complained to a relative that her business had gone bad due to the exchange...

The General Overseer of God’s Mercy Revival Ministries (GOMERM), Dr. James Akanbi, has advised Nigerians to buckle up for tougher times ahead, as the ongoing recession will worsen for another 15 months. Akanbi, who spoke last Sunday after the church’s yearly power conference, held at its camp...

The Federal Government has stated that the country would soon bounce back as the largest economy as been holding the position until South Africa displaced her. Using the Gross Domestic Product at the end of 2015, published by the International Monetary Fund, the size of South Africa’s economy...

The Federal Government will train 100,000 graduates as extension workers out of the 500,000 graduates to be engaged as teachers. Vice President, Prof. Yemi Osinbajo made the declaration while launching the agricultural sector roadmap entitled: “The Green Alternative: Agriculture Promotion...

Primate Elijah Ayodele of Inri Evangelical Spiritual Church, Lagos has urged President Muhammed Buhari to form a new economic team, in order to revamp the ailing nation's economy. The prophet in a chat with journalists on 2016/2017 predictions to the nation said: “President Buhari must appoint...

The Federal Government is planning to tax 700,000 more companies as part of efforts to increase non-oil revenue and addresss the economic mess facing Nigeria Vice-President Yemi Osinbajo said this on Thursday during the 2016 Presidential Policy Dialogue Session, organised by the Lagos Chamber...

With four major blue-chip companies losing as much as N51.86 billion in the first half of 2016, the lot of the manufacturing sector is getting bleaker and the economy of the nation is in sham. Firms in Nigeria continue to grapple with input cost pressure and weak consumer purchasing power...

The naira has hit yet new record lows this morning as the currency continues to slide as the 251st edition of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) underway. The Nigerian currency has dropped a further 1 per cent against the greenback this morning to a new...

Data on Genset Import/Export Trade from United Nations Statistics Division, shows Nigeria is the second largest market for generator driven economy in Africa with manufacturers of generators, the ilk of General Electric, Cummins, FG .Wilsons; Siemens, and other major power firms, brought into...

Nigerian Naira, Monday fell against the dollar, trading at 282.33 to a US dollar, eleven official business day after the Central Bank of Nigeria removed peg on the country's currency rate. The new foreign exchange policy has been greeted with various criticism despite Central Bank of Nigeria...

The Central Bank of Nigeria (CBN) on Friday reported that economic activities declined faster in June, confirming that the nation’s economy formally entered into recession in the second quarter of the year. Economic recession is a period of general decline in economic activities and it is...

With credit rates at over 65% and inflation at its double figures, income doesn’t complement standard of living and loans have become a nightmare for entrepreneurs. So, the questions we keep piling; what investments yield higher returns? What am I not doing right? Should I change Jobs? How do I...

There are strong indications that the implementation of the budget has not effectively taken off, resulting in a cash crunch in Ministries, Departments and Agencies ( MDAs) as well an atmosphere of disillusionment among government officials. According to New Telegrapg report, a number of...

President Muhammadu Buhari during the nationwide broadcast this morning, in commemoration of the Democracy day through his weight behind the Central Bank of Nigeria, Monetary Policy Committee decision over the flexibility of the foreign exchange. The Central Bank of Nigeria on Tuesday...