Bauchi State Governor, Sen. Bala Mohammed says Nigeria has the potential to become the world’s biggest economy if properly developed. Governor Mohammed who has made his intention to contest for president on the platform of People’s Democratic Party (PDP), said this in Jos on Saturday while soliciting for the...
Nigeria Economy
By EDDY OCHIGBO Kaduna – Lack of efficient and prudent treasury management in the country have been identified as the source of fraud and sharp practices in nation’s public and private sector. Dropping the hint during a breakfast meeting with correspondents in Kaduna during the week, the Registrar and...
International Monetary Fund (IMF) says the Nigerian economy is recovering from a historic downturn benefiting from government policy support, rising oil prices and international financial assistance. IMF disclosed this in a statement issued from its headquarters in Washington D.C. on Monday. The organisation said Nigeria exited the recession in...
Over a hundred years since banks came into Nigeria, services rendered to small and medium scale businesses were limited to core banking services and transactions. However, those that cared to look further were able to stand the test of time, reinventing themselves with cutting edge financial services that remain...
By JOY ADARA, Abuja – On a note that signals a momentous year for the Commission, the Nigerian Communications Commission (NCC), has already put two awards in its kitty, as it receives The REGULATOR OF THE YEAR Award for 2021. Its Executive Vice Chairman and Chief Executive Officer (EVC/CEO),...
The Managing Director, Coleman Wires and Cables, Mr George Onafowokan, says fuel subsidy removal will impact positively on the business environment and as well stabilise the country’s economy. Onafowokan made the assertion at a news conference on Saturday in reaction to the proposal by the Federal Government to remove...
A fine artist, Ms Nisi Ogulu, says arts and creativity can contribute significantly to the nation’s economy if Nigerian artists are given the enabling environment to operate. The 26-year-old Ogulu made these remarks at an art exhibition, which had as its theme, “Puzzle”, held on Sunday in Lagos. “I...
Popular Nollywood actress, Zainab Balogun-Nwachukwu, has expressed frustration concerning the harsh climate of Nigeria’s business environment. The Chief Daddy actress currently runs a hair salon, Wash and Go, with friend and TV presenter, Bolanle Olukanni. Balogun took to her Instagram stories on Tuesday to reveal the numerous problems that besieged...
By EZEKIEL OBI, Abuja – The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has partnered Google DigitalSkill, alongside MindtheGap, to train about 3,700 Nigerian youths on digital skills. According to a statement issued on Tuesday in Abuja by SEMDAN’s Information and Communications Department, said that the training...
Some capital market operators have listed events that will shape the stock market and the economy in 2022. Speaking with the News Agency of Nigeria (NAN) on Tuesday in Lagos, they said the market and the economy would be impacted by the Monetary Policy Committee, 2022 budget implementation, consumer...
The Centre for the Promotion of Private Enterprise, an economic think tank, has advised the Central Bank of Nigeria to review its ban on some of the over 40 items which the regulator has stopped importers from accessing foreign exchange to bring into the country. Economists at the centre...
The Nigeria Export Processing Zones Authority (NEPZA) has opposed some sections of the proposed Custom Service reform bill, saying that it will cripple Free Trade Zones in the country. A statement issued on Thursday in Abuja by Mr Martins Odeh, Head, Corporate Communications, NEPZA, said that giving the Customs...
The Executive Director, Civil Society Legislative Advocacy Center (CISLAC), Auwal Rafsanjani, has said The Small and Medium-sized Enterprises (SMEs) remain critical constituents of Nigeria economy. Rafsanjani made this known at a stakeholders’ sensitisation and consultation on the benefits of the African Continental Free Trade Area (AfCFTA) Agreement in Lagos....
Vice-President Yemi Osinbajo has assured the business community of Federal Government’s unrelenting efforts to restore the country to a path of economic growth. VP Osinbajo said the target was to make the growth rate higher than population growth rate. He gave the assurance on Friday at the 2021 Presidential...
Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said that Nigeria’s non-oil revenue grew to N1.15 trillion, representing 15.7 per cent above target rate in response to Federal Government’s efforts at diversifying the nation’s economy. Ahmed made this known virtually at the Institute of Directors (IoD)...
By JOY ADARA, Abuja- The Central Bank of Nigeria (CBN) has called on the Federal Government to prioritise investment in infrastructure to improve the country’s business environment and boost economic growth. The CBN Governor, Mr. Mr Godwin Emefiele, made the call on Tuesday night in Abuja while reading the...
Nigeria’s Vice President, Prof Yemi Osinbajo, has commended the commitment of Coca-Cola group to Nigeria’s economy. Osinbajo gave the commendation in Lagos on Monday during the 70th Anniversary Gala Dinner of the Coca-Cola System in Nigeria. He said that the company had made repeated investments in Nigeria in the...
The Federation’s General Statistician and Head of the National Bureau of Statistics, Simon Harry has said the country’s economy grew 4.03% in the third quarter of 2021. He made the announcement Thursday in Abuja during a press conference on the current state of the country’s gross domestic product, GDP....
By DAVID IORJA, Abuja – President Muhammadu Buhari on Sunday in Durban, South Africa assured that the Nigerian government will continue to support efforts to broaden the economy through multilateral financing. The President spoke when Prof. Benedict Oramah, President and Chairman of the Board of Directors of the African...
Customers on Saturday, expressed satisfaction with the quality of products displayed by the exhibitors at the ongoing 8th edition of Made-In-Aba Trade Fair in Abuja. The customers, in separate interviews with the News Agency of Nigeria (NAN) also expressed delight for extending the event earlier scheduled to end Nov....