Tag: Nigerian economy

Decades after being the leader in oil palm production in the world, Nigeria is currently an importer of the product ...

The number of poor Nigerians was expected to increase by two million before the pandemic; now it is seven million

The rise may be attributed to the recent rise in prices of crude oil in the international market.

LCCI says COVID-19 has resulted in unprecedented collapse in commodity prices, capital flight, turmoil in the capital market, supply chain ...

Mr Buhari also directed agencies to ensure the impact of coronavirus on the 2020 farming season is minimised

The global economy has been devastated, with the International Monetary Fund (IMF) saying global economic activities dropped by an unprecedented ...

The committee urges oil companies, others to sell FOREX to CBN and not NNPC.

A proactive measure needs to be enacted with great caution to effectively tame the dwindling force behind the soul of ...

The meeting, ongoing in the Federal Ministry of Finance headquarters in Abuja, was convened by the Minister of Finance, Budget ...

"...If the decision to cut members’ output by about 2.1 million barrels per day taken earlier is still subsisting, then ...

The economy grew by 2.55 per cent in real terms in the fourth quarter of 2019.

The minister requests an additional N255.6 billion to complete the projects in scheduled time.

"We must find other alternatives to support agriculture. The facility will not support agriculture as we want it," an economist ...

The minister spoke at an APC presidential campaign rally.

Government issues first gold refining licence.

Mr Osinbajo says it is impossible for government alone to meet the needs of economic growth or drive industralisation.

Experts say the development might wreck the Nigerian economy and plunge country into more devastating recession.

The Oyo governor says Mr Buhari is Nigeria's most credible president ever.

"From the point of view of the quality of life, much of Nigeria still looks like a low-income country.”

The international fund is to release a comprehensive report on Friday.

The report also says African nations face major macroeconomic challenges.

The DMO puts the current debt profile of the states and Abuja at over N1.2 trillion. 

According to the report, Ekiti and Osun states ranked 35th and 36th positions respectively in the Fiscal Sustainability Index.

The report shows the fiscal conditions of states.

The AGF says additional N100bn is expected to be save after the verification and capturing of the armed forces by ...