economy

Minister of Information, Alhaji Lai Mohammed, has clarified that his comment on the economic situation being out of the control of President Muhammadu Buhari was misrepresented. He was reacting to a story - Buhari No Longer Controls Nigeria's Economy - Lai Mohammed on ThisDayLive This was...

In this engaging interview with Al Jazeera, Nigeria's president focused discussion on pressing issues such as the country's economic crisis and his fight against Boko Haram and corruption. Nigeria: Not all Govt Officials Wish me well - Buhari See video: Muhammadu Buhari: I Haven't Failed...

President Muhammadu Buhari, during the week welcomed a proposed partnership with the Islamic Development Bank (IDB) to mobilise and channel resources for the diversification of Nigerian economy. Dr. Ahmad Mohamed Ali while paying President Buhari visit at the Royal Guest House in Makkah, Saudi...

The Presidency has disclosed the list of the economic management of President Muhammadu Buhari. The Senior Special Assistant to the Vice President on Media and Publicity, Mr Laolu Akande, made the disclosure to DailyTrust while reacting to a media report that quoted some economic experts as...

The South African finance minister, Pravin Gordhan, earlier today, said the country's economy is 'in crisis'. The comments came ahead of his Budget speech, in which he cut the country's growth forecast for 2016 to 0.9%, down from 1.7%. He conceded the economy is struggling with shrinking...

The proposed 2016 budget currently being subjected to legislative scrutiny by both chambers of the National Assembly is the first budget to be so put together by the APC led administration. The appropriation bill is coming on the heels of global economic downturn which has significantly impacted...

Former president, Chief Olusegun Obasanjo, yesterday, dissected the state of socio-economic affairs of the country, especially the initiatives of the current administration, and returned a verdict of doubt. According to Vanguard, Obasanjo said he doubt if current administrative system can...

Since inception of president Buhari's administration last year, it seems most of the occurrence that happened during his era as Military head of state are coming into play again. Litle wonders, The Economists, last week, aid the President is repeating the same mistake he made while he was the...

The Economist has warned that Nigeria’s president, Muhammadu Buhari is making an economic blunder by refusing to devalue Nigeria’s currency, the naira. The news magazine said “Instead of letting the naira depreciate to reflect the country’s loss of purchasing power, Mr Buhari’s government is...

In face of the economic hardship and global crisis, various reports indicated that Nigeria has lost billions of dollars because of the 10-year tax break given to Shell, Total and Eni, three of the world’s biggest oil and gas companies. That staggering $3.3bn (£2.3bn) revenue loss, in a country...

Spokesman to former President Goodluck Jonathan, Doyin Okupe, has told President Muhammadu Buhari that he (Okupe) is available to help revive the economy. Okupe, who made the statement through his Facebook platform, yesterday, said present price of crude oil hovering between $26 and $28 US...

Doyin Okupe, former senior special assistant on public affairs to ex-President Goodluck Jonathan, says the economic challenges confronting the country are beyond the control of the current administration. According to the Cable, Okupe lamented the sharp decline in global oil prices, asked the...

The National chairman of the All Progressives Congress (APC), John Oyegun, says the party is suffering from “strains of funding”. Oyegun, who stated this at an interactive session with journalists at the APC headquarters in Abuja, said that the party was working to raise funds within itself...

The National Leader of All Progressives Congress (APC), Bola Tinubu, says Nigerians need to be creative and innovative to develop the economy. “Diversification of the nation’s economy was always on the drawing board but had never been implemented”, Tinubu told newsmen in Ibadan on Sunday...

The federal government is planning to go back on international bond markets two years after its last sale of debt, as Africa’s largest oil producer attempts to plug an $11bn budget deficit. However, the cost for developing countries to borrow in dollars has surged since Nigeria last sought...

Nigeria might be the richest economy in Africa but that does not impress hard-nosed investors who buy and sell shares at the local stock exchange, BBC reports. The West African financial market had another losing day today, closing at its lowest level for more than three years, down 2.5%...

Oluseun Onigbinde, lead partner at BudgIT, a civic organisation that works to engage citizens on how public budgets work has pened down his opinion about the visitation of IMF's Boss, Christine Lagarde and the overview aspect of the Nigeria's currency vis-a-vis the economy. READ: When Christine...

The last 6 months of 2015 was seen by the APC as a way to test and study the system very well. Although, the presidency announced its team very late but Nigerians believe that in 2016, President Mohammadu Buhari must hit the ground running from Day one and are expecting major changes to come...

Nigeria needs more flexibility in setting monetary policy so it can use its foreign currency reserves to support the poor population if low oil prices persist, said International Monetary Fund Managing Director Christine Lagarde, Bloomberg reports. “With a very clear ambition to support the...

According to The Nation, there are dangers President Muhammadu Buhari must avoid if he intends to make his Aso Rock tenancy count. From the analysis, here are 5 contending stumbling blocks and danger President Buhari must face squarely before leaving office: 1. Unnecessary clash Just as the...