Organised labour on Wednesday threatened to embark on a nationwide strike from October 16, if the…
Economy of State
World Bank names Nigeria among ‘Top 20 Improvers’ in Ease of Doing Business
Nigeria has been named among the “top 20 improvers” in the World Bank’s Ease of Doing…
Nigeria’s domestic debt rises by N1.26tn
The Federal Government’s domestic debt outstanding rose by N1.26tn to N13.41tn as of June 2019, over…
Failure to diversify from oil and gas is Nigeria’s major problem —Soludo
Former Governor of Central Bank of Nigeria (CBN) Prof. Charles Soludo, on Tuesday said Nigeria’s economy…
TUC condemns delay of minimum wage
The Trade Union Congress of Nigeria (TUC), South West zone, has condemned the delay in the implementation…
Businesses Anticipate Liquidity Boost as Deadline for New Lending Policy Ends
As the deadline given by the Central Bank of Nigeria (CBN) for commercial banks to maintain…
FG’s wages might increase by N556bn
The wage bill of Ministries, Departments and Agencies of government would have increased by N556bn in…
Nigeria gets €150m support from EU
The European Union says it will support Nigeria with 150 million euro to enable it to…
FG proposes N9.12tn for 2020 Budget
The Federal Government has proposed N9.12tn as the 2020 budget estimate. It has deficit of about…
Border closure will worsen economy —Ex-CBN official
A former Director of the Central Bank of Nigeria, Dr. Titus Okunrounmu, has warned that the…
Nigeria Going Back To 1999 High Debt Status -Economic Expert Warns
“We are borrowing to pay salaries, which is not very efficient,” he said. “If you look at…
Nigerian Banks Grow Loans to N800bn Following CBN’s Directive
Deposit Money Banks (DMBs) in the country have grown the loan book by N800 billion in…
World Bank, IFC agree to support Nigeria for inclusive growth
The World Bank Group and the International Finance Corporation (IFC), have promised to continue to support…
Group advocates reduction in taxes
The Nigerian Economic Summit Group has emphasised the need for the government to reduce the number…
FG seeks $2.5bn loan from World Bank
The Federal Government is currently in talks with the World Bank for a fresh $2.5bn loan.…
World Bank in Talks with Nigeria for Fresh $2.5 Billion Loan
The World Bank and Nigeria are in talks for as much as $2.5 billion in a…
Inflation dropped to 11.02% in August- NBS
The National Bureau of Statistics on Tuesday said the Consumer Price Index, which measures inflation, dropped…