Economy

Anap Foundation COVID-19 Think Tank has come out to say that the Federal Government should immediately open the economy fully amid the pandemic. FG recently recommended that there must be improved regulations and coordination of activities of relevant sectors of the economy like public transportation, event planning, the hospitality industry ...

The Central Bank of Nigeria (CBN) and the Bankers Committee have come out to say that a renovated and fully operational National Arts Theatre will eventually lead to the build-up of a more resilient economy. The CBN Governor, Mr. Godwin Emefiele revealed this recently at the official handover ceremony of ...

Factional Acting Chairman of the All Progressives Congress, APC, Caretaker Committee in Rivers State, Hon Sokonte Davies has urged Rivers State governor, Nyesom Wike to reopen markets in the state. He revealed this as he received a delegation of market women in the State who paid him a visit at ...

Speaker of the Lagos House of Assembly and Chairman, Conference of Speakers of State Legislatures In Nigeria, Mr. Mudashiru Obasa has come out to hail Nigerian workers for continually pushing for the growth of the Nigerian economy. Obasa recently came out to say that Nigerian workers are the ones guaranteeing ...

All Progressives Congress (APC) National Leader, Asiwaju Bola Tinubu has come out to say that he wants increased stipends to the poor to reduce the effects of coronavirus. Tinubu believes the government must be ready to do just that to protect our nation from assault by the coronavirus. According to ...

The coronavirus outbreak will drag Nigeria and most of sub-Saharan Africa into a recession, The World Health Organization,WHO, has said. WHO revealed that the most recent forecast for the region, sub-Saharan Africa’s economy will contract 2.1% to 5.1% from growth of 2.4% in 2019. According to the organization, the coronavirus ...

The Managing Director (MD) of the International Monetary Fund (IMF), Ms. Kristalina Georgieva has come out to say that COVID-19 has created an economic crisis worse than what the world economy experienced under the global financial crisis in 2008. She revealed this during a press conference, jointly addressed with the ...

Ex-governor of Ogun State, Sen. Ibikunle Amosun has come out to say that the capital market can rescue Nigeria’s economy from recession amid the coronavirus outbreak. Amosun revealed that there is no better time for FG and state governments to take advantage of the opportunities provided by the capital market ...

The Chairman, Senate Committee on Judiciary, Human Rights and Legal Matters, Mr. Opeyemi Bamidele has come out to defend the recent loan approval of $22.5bn granted to the Muhammadu Buhari government. Opeyemi, speaking at his Iyin Ekiti country home, said the approval was not given because of political patronage as ...

Ex Vice Presidential candidate of Peoples Democratic Party, PDP, Mr. Peter Obi has praised the Catholic Bishops Conference of Nigeria, CBCN, for doing their bit to draw national and global attention to the terrible security situation in the country. Peter Obi, who shared this at the sideline of an international ...

Lagos State Governor, Babajide Sanwo-Olu, has come out to say that the closure of Nigeria’s border is important to safeguard our economy against unfair actions that were against acceptable norms. Sanwo revealed this at the Center for Values in Leadership (CVL) 17th Annual Lecture and International Leadership Symposium on Intra-African ...

President of Delta Progressives, Mr. Ogagaoghene Otikpo has praised Governor Ifeanyi Okowa for hosting the ongoing South-South Enlightenment and Engagement Forum being organized by NEXIM Bank in Asaba, Delta State. Otikpo believes this move would boost export trade in the Niger Delta Region. According to him, the forum is a ...

The Federal Government has said Nigeria’s economy in the outgoing year 2019 witnessed an impressive performance, recovering very well since the last recession. The Minister of Information and Culture, Alhaji Lai Mohammed revealed this at a media briefing in Lagos while listing out the main achievements of President Muhammadu Buhari’s ...

The Buhari Media Organisation (BMO) has come out to say that Nigeria has recorded decent growth in its economy because of the political will of the President Muhammadu Buhari-led government. In a recent statement signed by its Chairman, Niyi Akinsiju in Abuja on Monday, BMO revealed that Nigeria has recorded ...

Governor of Central Bank of Nigeria (CBN), Dr. Godwin Emefiele has said Nigeria’s economic growth can be traced to several policy measures by CBN. Dr. Godwin revealed this at the 11th Annual Bankers Committee Retreat with theme: “Delivering Inclusive Growth: Leveraging Digital Finance” in Ogere, Ogun State. According to him, ...

President Muhammdu Buhari has come out to say that he is committed to enhancing the welfare of every Nigerian. PMB revealed this at the 3rd Federal Government-Progressive Governors Forum parley on policy synergy in Jos. According to Buhari, the economy is now on the path of growth and competitiveness in ...

The Senate Committee on Banking, Insurance and other Financial Institutions has revealed that Assets Management Company of Nigeria, which was launched by the government to buy back bad debts by banks is now a drain on Nigeria’s economy. According to the committee, something has to be done to change this. ...