Economy

Minister of Finance, Budget and National Planning, Dr Zainab Ahmed has attributed the recent exit of the nation from recession to diversification efforts of the Buhari led administration, saying such measures had started yielding…

The Federal Government (FG) has said that the Nigerian economy is out of recession with 0.11 per cent Gross Domestic Product (GDP) recorded in the last quarter of 2020.The Minister of State, Budget and Economic Planning, Mr Clem…

Gombe state Government says it will harness water bodies in the state for agricultural purpose, with a view to boosting the state’s economy, according to Alhaji Mijinyawa Yahaya, Commissioner for Water Resources. Yahaya told the…

The World Bank has authorised a 500 million dollar loan to support Uzbekistan’s economic and social transformation, the international lender said on Friday.The loan was approved through the Development Policy Operation to help…

Minister of Information, Lai Mohammed has made wild claims concerning the well-being of Nigeria's economy despite recession.Meanwhile, figures released by the National Bureau of Statistics (NBS) on Nov 21 showed that the…

Financial analysts on Monday offered advice to the government on ways to boost the economy, which has slipped into recession.The National Bureau of Statistics (NBS) had, in its Gross Domestic Product (GDP) report for…

President Muhammadu Buhari has urged agencies involved in agriculture to include youth in driving modern methods of farming.The president stated this in Abuja on Tuesday when he inaugurated the National Young Farmers Scheme…

The Central Bank of Nigeria (CBN) on Monday announced a reduction of the Monetary Policy Rate (MPR) from 12.5 percent to 11.5 percent.Mr. Godwin Emefiele, the CBN Governor made the announcement while presenting the communiqué…

To state that we live in challenging times is perhaps an understatement and does very little justice in accurately capturing our current realities. Those realities include a world faced with a pandemic the scale of which hasn’t been…

The naira should be floated to find its exchange rate value on the market if Nigeria’s economy is to become productive, instead of relying on oil revenues, a dependency that has plunged our country and our citizens deeper and deeper into…

The Catholic Church on Sunday conducted ‘Restoration Mass’  during which the parishioners  prayed to God to restore individuals and the nation’s economy disrupted by the Coronavirus pandemic.SEE ALSO: Edo 2020: State of emergency…

The Federal Government said on Thursday that the country “is not ready for full-scale re-opening of the economy.”SEE ALSO: JUST IN: Buhari confirms APC chairman's death in South Africa The Secretary to the Government of the Federation…

Germany’s Economy Minister Peter Altmaier has called for tougher penalties for coronavirus rule breakers in view of rising infections in the country. SEE ALSO: Northern Chiefs kick against Shinkafi title conferred on Fani-Kayode The…

Gold’s record rally is moving tantalisingly close to the psychologically key $2,000 level, powered by investors seeking cover from COVID-19’s global economic toll. SEE ALSO: Oil steady as vaccine news counters rise in virus cases This is…

Australia says its budget deficit will be 85.8 billion Australian dollars (AD) ($61.2 billion) in 2019-20 and AD184.5 billion in 2020-21. SEE ALSO: Google releases ‘Think with Google’ in sub-Saharan Africa This marks the biggest deficit…

Germany’s economy may recover from October onwards from the Coronavirus (COVID-19) pandemic, Economy Minister Peter Altmaier said in a newspaper interview on Sunday. SEE ALSO: CBN’s bid to unify FX rates around I&E window seen as…

It is indisputable fact that the current crisis (Covid-19 Pandemic) is posing threats beyond what most governments can handle - especially, in terms of economy. Economic structure has been struck deeply by the lockdowns and…

Presidential candidate of the Young Progressive Party (YPP) in 2019, Prof. Kingsley Moghalu has explained three approaches to transform the nation's ailing economy.The former Deputy Governor of the Central Bank of Nigeria (CBN) gave the…

U.S. Secretary of State, Mike Pompeo, will meet China’s top diplomat, Yang Jiechi, in Hawaii, trying to ease tensions between the world’s two largest economies over various issues, according to media reports. SEE ALSO: Asia Stocks Snap…

The Lagos State Government says it has set the process of re-opening its economy in motion, with the rollout of ”Register-to-Open” guidelines. SEE ALSO: ADAPALM Can Employ 35,000 People – Gov. Uzodimma Lagos State Governor, Babajide…

Mr John Fashikun, a public affairs analyst, has urged the Federal Government to learn from the COVID-19 outbreak by diversifing the nation’s economy to promote more development. SEE ALSO: Aisha Buhari divinely wired to stabilise husband's…

The Delta Government on Thursday, charged all its contractors to return to site as part of measures to revive the state economy which had been devastatingly impacted by the coronavirus (COVID-19) pandemic. SER ALSO: COVID-19: Bolivian…

The President Muhammadu Buhari-led administration has revealed measures to douse the tension especially in respect of the economy, healthcare, job security and general wellbeing of Nigerians among others after the wave of the coronavirus…

The Italian Government on Saturday said it was set to present a 55billion euro package to support the country’s economy as it battles the coronavirus, a report in the Corriere Della Sera newspaper said.According to the report,…

The National Bureau of Statistics (NBS) has revealed that over  82.9 million Nigerians are poor by the nation’s  standards.The NBS announced this in its report on Poverty and Inequality in Nigeria 2019, which was released on Monday.…