economy
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The Director General of the National Institute for Policy and Strategic Studies, Prof. Ayo Omotayo, says Nigeria’s economy is showing signs of recovery under President Bola Tinubu’s administration, crediting ongoing reforms for stabilising key indicators. Speaking with journalists in Jos, Plateau State, on Tuesday, Omotayo pointed to government decisions such as the removal of fuel […]
The Central Bank of Nigeria (CBN) Governor, Mr. Yemi Cardoso, has emphasized that Nigeria does not need to persuade investors to invest if the nation maintains strong macroeconomic fundamentals. Speaking at the bank’s 2025 Executive Seminar, Cardoso said stability and predictability are crucial to attracting capital. “Stability is at the core of advancing Nigeria’s policy framework through […]
The 2023 presidential candidate of the Social Democratic Party (SDP), Prince Adewole Adebayo, has criticised President Bola Tinubu’s recent approval of a 15 per cent import duty on refined petroleum products, describing the policy as “anti-people and exploitative”. Speaking on Channels Television’s Politics Today on Thursday, Adebayo accused the Tinubu administration of overtaxing citizens, saying the government’s […]
The Federal Government has announced plans to expand its direct cash transfer programme to reach more poor and vulnerable Nigerians, in a bid to cushion the effects of ongoing economic reforms. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this at the Oxford Global Think Tank Leadership Conference and Book Launch […]
The Dangote Refinery has announced plans to expand its production capacity from 650,000 barrels per day (bpd) to 1.4 million bpd, a move that will make it the largest refinery in the world, surpassing India’s Jamnagar Refinery. Speaking at a press conference in Lagos on Sunday, the President of the Dangote Group, Aliko Dangote, said the expansion […]
Nigeria LNG and the Nigerian Content Development and Monitoring Board (NCDMB) have inaugurated an ultra-modern, specialised Information and Communication Technology (ICT) centre in Port Harcourt, Rivers for youth empowerment in innovations. The fully equipped ICT centre, located at Baptist High School in the city, was inaugurated as part of the close-out ceremony for the Human […]
Ogun State Governor, Dapo Abiodun, has reaffirmed his administration’s commitment to inclusive governance anchored on citizens’ participation, transparency, and accountability, saying that consulting widely with the people before presenting the state budget remains a defining feature of his government. Abiodun stated this during the town hall meeting for the Egba Division, held as part of […]
TRADE TENSIONS The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has expressed deep concern over renewed trade hostilities between the United States and China, warning that any further escalation could significantly harm the global economy. Speaking in an interview reported by Reuters over the weekend, Okonjo-Iweala cautioned that prolonged friction between the world’s two […]
The International Monetary Fund has revealed that Nigeria is not among Africa’s fastest-growing economies, as countries such as Benin Republic, Côte d’Ivoire, Ethiopia, Rwanda, and Uganda continue to lead the continent’s growth trajectory in the world. The IMF said the five countries are now among the world’s fastest-expanding economies, buoyed by sustained policy reforms, improved […]
The Academic Staff Union of Universities will Today commence a two-week warning strike after the ultimatum issued to the Federal Government elapsed on Sunday. The announcement was made by the National President of the union, Prof. Chris Piwuna, at a press briefing at the University of Abuja on Sunday. The renewed standoff between ASUU and […]
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