Economy

Economy

MSMEs to benefit from N200bn support funds- FG

Anthony Ailemen Jul 16, 2020

As part of efforts to support small businesses in Nigeria to survive the effects of the COVID-19 pandemic, the Federal...

Economy

New gold initiatives to strengthen Nigeria’s economy- Emefiele

Anthony Ailemen Jul 16, 2020

Nigeria’s new gold development initiative has the potentials to ensure the economy remains strong and resilient to withstand the exogenous...

Economy

Lagos traffic returning to pre-pandemic days as business activities pick up - Report

Micheal Ani Jul 16, 2020

The traffic situation in Lagos, Nigeria’s biggest commercial city, is fast returning to the way it had always been before...

Economy

CBN seeks additional powers to resolve failing banks, freeze accounts linked to criminals

Onyinye Nwachukwu Jul 15, 2020

The Central Bank of Nigeria (CBN) is seeking legal powers to enable it to expand options available to it in...

Economy

Nigerians face food insecurity, lack access to safety nets, NBS warns in new report

Cynthia Egboboh Jul 15, 2020

A new report by the National Bureau of Statistics (NBS) on the impact of covid-19 on the economy has revealed...

Economy

Nigeria eyes $2.75trn intra-Commonwealth trade - Osinbajo

Anthony Ailemen Jul 14, 2020

Vice President Yemi Osinbajo on Tuesday said Nigeria is repositioning its economy to benefit from the intra-Commonwealth trade projected to...

Economy

Poverty is a more important issue to Nigerians than COVID-19, says new report

Okafor Endurance Jul 14, 2020

Nigerians are more concerned about the country’s poverty rate and the poor state of the economy than they are about...

Economy

FG spends N1.25trn on debt service in 5 months

Cynthia Egboboh Jul 10, 2020

Minister of Finance, Budget and National Planning, Zainab Ahmed confirmed on Friday that the Federal Government has spent N1.25 trillion...

Economy

Nigeria's total debt stock hits N28.63trn in Q1,2020

Cynthia Egboboh Jul 10, 2020

Nigerian states and Federal Government recorded a total debt stock of N28.63 trillion in the first quarter of 2020, representing...

Economy

Buhari to sign N10.8trn revised 2020 budget Friday 

Solomon Ayado Jul 09, 2020

President Muhammadu Buhari will on Friday sign into law the revised 2020 appropriation bill of N10.8 trillion, Minister of Finance,...

Economy

N2.3trn ESP: FG incorporate state Governors in implementation committee

Anthony Ailemen Jul 09, 2020

The Federal Government will incorporate state governors in the implementation committees to drive its N2.3 trillion Economic Sustainability Plan. Vice...

Economy

Akwa Ibom gives tax waivers to SMEs for 2020

Aniefiok Udonquak Jul 08, 2020

Akwa Ibom has given an exemption to Small and Medium Enterprises with a maximum turnover of N5 million for the...

Economy

ESP implementation top agenda as Buhari presides over sixth virtual FEC meeting

Anthony Ailemen Jul 08, 2020

The implementation of the Economic Sustainability Plan (ESP) of the Federal Government is top on the agenda of Federal Executive...

Economy

FG begins implementation of ESP

Anthony Ailemen Jul 07, 2020

The Federal government on Tuesday kicked off planned implementation of the Economic Sustainability Plan ESP Vice President Yemi Osinbajo on...

Economy

AfDB says Africa's economy to shrink by 1.7%, as Covid-19 bites harder

Onyinye Nwachukwu Jul 07, 2020

As the world faces the ravaging impact of Covid-19 pandemic, the Africa Development Bank (AfDB) has projected a contraction of...