Economy

African leaders on Wednesday underscored the urgent need to fast track the continent’s regional integration process in order to accelerate Africa’s economic transformation. The call was…

Nigeria’s five per cent Value-Added Tax (VAT) rate is beyond doubt one of the lowest in the world. Although, rumours have it that it might be increased, with the current rate of poverty in…

Nigerian President Muhammadu Buhari promised on Wednesday to repeat in his second term successes from his first four years which Nigerians say brought more economic hardship with rising…

The 2019 World Bank Doing Business indices showed clearly that Nigeria must get its acts together to become attractive. Perception matters and investors look at numbers to make vital…

Fitch Ratings, a global credit rating agency, has affirmed Nigeria's Long-Term Foreign-Currency Issuer Default Rating (IDR) rating at 'B+' with stable outlook, after it saw support in the…

The Nigeria Agribusiness Register, an online market repository for commodities across the agricultural value chain, is facilitating an investment push into Nigeria that will help the country…

Buoyed by eight quarters of consistent rise in the country’s Gross Domestic Product and a 2.7 percent growth projection for 2019 by international economic institutions, President Muhammadu…

The Central Bank of Nigeria signaled it will allow the naira to weaken past its official rate as it gradually unwinds its regime of multiple exchange rates, data on its website shows. The…

Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, says the bank, with some stakeholders, have identified smuggling and dumping as major challenges sabotaging the Nigerian economic…

The rise of emigrants as Nigeria’s single largest export and the subsequent dethronement of crude oil is hardly a subject of economic discourse in Nigeria, and that is a risk to effective…