economic

SONY DSC The Federal Government has unveiled a $300 million World Bank facility to support a new housing scheme known as the National Housing Finance Programme (NHFP). The initiative, according to the Deputy Director, Other Financial Institutions at the Central Bank of Nigeria (CBN), Mr. Adedeji Adesemoye is a Public Private Partnership (PPP) programme, designed […]

Nigeria’s economy Nigeria’s economy Prior to independence in 1960, Nigeria had a vibrant economy in which the different sectors of the economy contributed meaningfully to the sustenance of polity. During the first decade of independence agriculture, manufacturing, solid mineral, crude oil, services, etc. played significant roles in the nation’s economy. However, in the early 1970s, […]Read More

Nigeria has recorded its first trade deficit with the United Kingdom since 2009, with merchandise imports from the former colonial master in 2016 exceeding shipments of Nigerian merchandise to it. An analysis of international trade data from the National Bureau of Statistics showed that Nigeria imported N362.87bn worth of goods from the UK and exported […]

Price of Automotive Gas Oil (AGO), also known as Diesel, has crashed to about 42% nationwide, a huge downslide over the last six months, following key strategic interventions by the Nigerian National Petroleum Corporation (NNPC).It would be recalled that in the first quarter 2017, retail prices of AGO, which is one of the deregulated products, […]

When the whistleblower policy was unveiled last December by the Muhammadu Buhari administration, it was roundly hailed by the populace as a long-awaited and much desired weapon in the fight against corruption, the single most visible and widely acknowledged reason Nigeria has remained stuck in the groove of under-development. And to the delight of many, […]

The extensive engagement with oil and gas community stakeholders embarked upon by the Federal Government and the Nigerian National Petroleum Corporation, NNPC has continued to yield positive results with the attainment of 12.77 per cent reduction in downstream pipeline vandalism.According to the April 2017 NNPC Financial and Operations report released in Abuja, downstream pipeline sabotage […]

The nation’s equity market for the third consecutive day on Thursday maintained an upswing with the indices growing further by 0.59 per cent. The All-Share Index grew by 199.64 points or 0.59 per cent to close at 33,797.84 against 33,598.20 recorded on Wednesday. Also, the market capitalisation which opened at N11.618 trillion inched N69 billion […]Read More

The European Union Commission in Brussels, Belgium, announced a support package of €143m to help the early recovery and reconstruction needs in the North East region of Nigeria. The package is for the provision of basic services including energy, education and health, job creation, strengthening monitoring and evaluation systems as well as public financial management […]

Kemi Adeosun Kemi Adeosun The Federal Government has disclosed its plan to recruit about 7,500 graduates as Community Tax Liaison Officers to sensitise Nigerians on tax payment. The Minister of Finance, Mrs. Kemi Adeosun, who made this known at a press briefing on Thursday in Abuja, disclosed that the initiative is to increase the nations […]

Minister of Finance, Mrs. Kemi Adeosun (right) and the President of the World Bank, Dr. Jim Yong Kim, during the G24 Ministers meeting at the 2016 Spring Meetings of the World Bank and IMF in Washington DC Minister of Finance, Mrs. Kemi Adeosun (right) and the President of the World Bank, Dr. Jim Yong Kim, […]

NBS National Bureau of Statistics NBS National Bureau of Statistics The Consumer Price Index which measures inflation has dropped from 17.24 per cent in April to 16.25 per cent year-on-year, The National Bureau of Statistics (NBS) has said. The Bureau in the report released on Thursday stated that on a month-on-month basis, the headline index […]

Kemi Adeosun Kemi Adeosun The Federal Government has hired a leading global investigation agency to trace destinations of illicit funds emanating from Nigeria. The Minister of Finance, Mrs. Kemi Adeosun made the disclosure in a keynote address at a CEO roundtable organised by the Nigerian Stock Exchange in conjunction with the Bloomberg in Lagos. She […]