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Economy
NASS convenes emergency sitting to discuss revised MTEF, 2020 budget
Members of the National Assembly (NASS) will be convening an emergency meeting on Thursday to begin discussions on the revised 2020 budget as well as the Medium Term Expenditure Framework…
Supply disruptions, structural challenges push trade sector into deeper contraction
The trade sector, Nigeria’s second-largest sector by output contribution, contracted sharply in three months through March, battered by the earliest effects of global supply disruptions…
Here is what’s next after subsidy removal
Going forward, the downstream oil and gas industry is expected to be more competitive and liquid following the removal of subsidy by the Federal Government. What this means is that there…
NIMC issues NIN to 41 million Nigerians, as diaspora enrollment continues 15…
The National Identity Management Commission (NIMC) said it has enrolled and issued the National Identity Number (NIN) to 41 million Nigerians. The Director-General of NIMC, Aliyu Aziz who…
Nigeria investment inflows surge to $5.854 bn, Q1 2020
The total value of capital inflows into Nigeria stood at $5.854 billion in the first quarter of 2020, representing a 53.97 percent increase compared to $3.802 billion recorded in Q4 2019.…
Gov Okowa not to lead NEC sub-committee on COVID-19 economic growth
The Chief Press Secretary to Delta State Governor, Olisa Ifeajiaka, has described as untrue the reports that his boss, Governor Ifeanyi Okowa, had been appointed to lead National Economic…
Analysts expect reduction as NBS publishes capital importation report Tuesday
The National Bureau of Statistics (NBS) will tomorrow Tuesday publish the capital importation report for the first quarter of 2020. Yemi Kale, Statistician-General announced this in his…
Nigeria’s GDP slows to 1.87% in Q1’20, lowest in 5 quarters
Nigeria's economy slowed to its lowest level in more than a year as the impact of the coronavirus pandemic took a toll on both oil and the non-oil sectors of the economy. Growth in Real…
Lagos finalises register-to-open guidelines, set to restart economy
Lagos State Government has set in motion the process of re-opening its economy, with the rollout of Register-to-Open guidelines. Governor Babajide Sanwo-Olu said the state government daily…
Kwara, CSOs meet on 2020 budget review
As part of the ongoing review of the 2020 appropriation law to cope with global economic woes, the Kwara State Government on Friday held a stakeholders’ meeting with various civil society…