Nigerians are ‘desperately hungry’, they don’t need blame game – Saraki
The Senate president, Bukola Saraki, has given the Federal Government guidelines to follow in putting an end to the current economic recession. Mr. Saraki gave Read more
Nigerian economy
Central Bank of Nigeria rejects Finance Minister Adeosu’s call to lower Bank Interest Rates
LAGOS, Sept 20 (Reuters) – Nigeria’s central bank kept its benchmark interest rate at 14 percent on Tuesday, resisting a call from the country’s finance Read more
Organised Private Sector Lists 13 Factors Destroying Businesses In Nigeria
Organised Private Sector (OPS) players have identified 13 different factors inhib- iting business growth and development in Nigeria. The disclosure was made yesterday at the Read more
Recession: Tax wealthy Nigerians more, Expert advises APC governments
The All Progressives Congress has been advised to ask governments it controls to generate more revenue by increasing taxes on wealthy persons in the country. Read more
I need your support, not criticism, Buhari tells professionals
President Muhammadu Buhari on Monday said Nigerian professionals should consider supporting his administration in every way they could rather than churning out criticisms. Mr. Buhari Read more
How Nigerian lawmakers employ 2,570 aides; then cheat the system – NAN Investigation
No fewer than 2,570 aides are engaged by the 469 members of the 8thNational Assembly, an investigation by the News Agency of Nigeria, NAN, has Read more
Oil price climbs as Venezuela sees output deal
* Venezuela says could be OPEC/non-OPEC deal this month * Clashes in Libya halt loading from port of Ras Lanuf * Iran crude exports near Read more
Nigerian finance minister, Kemi Adeosu urges interest rate cut to help economy
By Chijioke Ohuocha and Alexis Akwagyiram LAGOS (Reuters) – Nigeria’s central bank should lower interest rates so that the government can borrow domestically to boost Read more
Emefiele says Nigeria’ll start getting out of recession in Q4, Experts say not possible until 2017
Akinpelu Dada and Oyetunji Abioye The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has predicted that the nation’s economy will likely come Read more
Catholic Bishops Criticize Buhari’s administration for poor performance
…say Nigerians are suffering Catholic Bishops in the country, at the weekend, took a critical look at the administration of President Muhammadu Buhari and gave Read more
CORRUPTION: President Buhari, VP Osinbajo, Others Earn N2.29bn In One Year
The frugal posture of President Muhammadu Buhari and Vice-President Yemi Osinbajo, when they announced a 50 per cent cut in their salaries, may not amount Read more
Innovation, research critical to development – Obiano
Innovation, high quality research and entrepreneurial skill have been described as veritable tools for economic empowerment of a nation. Anambra State governor, Chief Willie Obiano Read more
FG Steps Up Plans To Rescue Economy
Governors back Buhari’s economic policy Forget IMF loan, Dangote advises President Utomi: Nigeria’s recession, policy-induced …Says MDAs Will Get N350bn Capital Allocation Soon As Read more
Why Buhari wants emergency economic powers — Minister
The Minister of Finance, Kemi Adeosun, on Friday explained why President Muhammadu Buhari is seeking the National Assembly’s approval for some emergency economic powers. The Read more
Only right policies can pull Nigeria out of recession – Orji Uzor Kalu
A former governor of Abia State, Chief Orji Kalu, has advised President Muhammadu Buhari to initiate policies that will bail Nigeria out of the current Read more
Stop blaming Buhari for Nigeria’s woes – Nri monarch, Eze Obidiegwu Onyesoh
The traditional ruler of Nri in Anaocha Local Government Area of Anambra, Eze Obidiegwu Onyesoh, has urged Nigerians to stop blaming President Muhammadu Buhari for Read more
Recession: ” DECLARE NATIONAL EMERGENCY “, Governors tell Buhari
The Nigeria Governors Forum (NGF) has urged the Federal Government to declare Nigeria’s economic recession a national emergency. This is contained in a three-point communiqué Read more
Nigerian interbank rates rise on naira cash shortage
LAGOS, Sept 16 (Reuters) – Nigeria’s overnight naira interbank lending rate rose sharply to an average of 40 percent on Friday, up from 15 percent Read more
Recession: Nigeria to sell $1 billion worth of Eurobonds by mid-December – debt official
By Camillus Eboh ABUJA, Sept 16 (Reuters) – Nigeria expects to raise $1 billion from Eurobonds by mid-December, a senior debt official said on Friday Read more
Funding Nigerian oil ‘cash calls’ expenditures from debt, key for economy – Kemi Adeosun
ABUJA (Reuters) – Nigeria must get out of paying so-called cash calls to joint ventures with oil and gas companies to stand a chance of Read more
RECESSION: The Government has just six months to fix the economy and other challenges – Saraki
Saraki: Political colouration weakening anti-graft war Senate President Bukola Saraki believes that the present administration is racing against time as it battles to address the Read more
Nigerian inflation rises to 17.6 percent in August
LAGOS, Sept 16 (Reuters) – Annual inflation in Nigeria accelerated to 17.6 percent in August, a fresh 11-year high and the seventh monthly increase in Read more
Patience Jonathan may lose $26 million to Nigeria as affected companies plead guilty
There was a momentary hush inside the courtroom after a representative of Pluto Property and Investment Company Limited, the first of the four companies involved Read more
Ignore Boko Haram’s threat to capture Buhari, says DHQ
John Alechenu and Fidelis Soriwei A faction of Boko Haram loyal to Abubakar Shekau has released a new video in which it threatened to capture Read more
Recession: Again, PDP asks Buhari to resign
The Peoples Democratic Party on Wednesday issued a statement calling for President Muhammadu Buhari to step down from office over his poor handling of the Read more
Ngozi Okonjo-Iweala not Guilty of Corruption – Transition Committee Chairman, Ahmed Joda
Former Finance Minister, Dr. Ngozi Okonjo-Iweala, has been given a clean bill of health by the Transition Committee Chairman, Ahmed Joda. Mr. Joda said his panel Read more
Stop The Blame Game, Rebuild Economy – Kukah Tells Buhari
Catholic Bishop of Sokoto Diocese, Matthew Hassan Kukah has told President Muhammadu Buhari to stop blaming the immediate past administration of Dr Goodluck Jonathan and Read more
No Policy Yet To End Recession – Saraki
President of the Senate, Dr. Bukola Saraki, yesterday said that he was yet to see the right policies being put in place to end the Read more
Senate Will Hold Adeosun, Udoma, Others Accountable – Saraki
The Senate is planning an “exhaustive and comprehensive debate” on the economy, and will hold its managers accountable, Senate President, Bukola Saraki, said on Tuesday. Read more
Arik Air Joins Aero, Firstnation, Suspends Flight Operations
Arik Air, West and Central Africa’s largest airline on Tuesday alerted air travelers of a temporary disruption to its operations, pending approval of aircraft documentation Read more