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Economy
World Bank says subsidy removal means fiscal savings for Nigeria
World Bank Group on Wednesday complimented Nigeria for tackling the problem of subsidies in the hydrocarbon area.
David Malpass, the president, gave the compliments at a virtual Annual…
Apapa: What FG’s withdrawal of Task Team means for businesses, residents
For businesses, residents, motorists and other stakeholders, the federal government’s withdrawal of the Presidential Task Team (PTT) on Apapa Gridlock comes with implications, especially on…
Nigeria may benefit as IMF, World Bank plan debt reduction for IDA countries
Given the urgency of the debt crisis, Nigeria may benefit as the International Monetary Fund (IMF) and World Bank have proposed to undertake a joint action plan on debt reduction for the…
Apapa gridlock: How corruption, vested interest ambush solutions, hurt businesses (1)
If traffic gridlock in Apapa has remained intractable over the years, it is because corruption and vested interest in the premier port city have ambushed solutions while systemic failure has…
Commodity prices finally dropping since COVID outbreak but cassava flour defies trend
Commodity prices in Nigeria soared across virtually every farm produce in the five months since COVID-19 outbreak gained traction across the country around March. However, with new harvests…
Government gets timely reminder of constraints in solely funding infrastructure
Nigeria needs private capital to address a yawning infrastructure deficit that is holding the economy back.
At a webinar titled “Public Private Partnership Approaches to Rapidly Upscaling…
More woes for Nigerian companies as FG plans tax increment for 2021 budget funding
Already struggling with the impact of COVID-19, Nigerian companies may be faced with more challenges as the Federal Government plans to increase tax, review tax waivers/concession to…
Reps begin debate on N13.082 budget
The House of Representatives has begun debate on the N13.082 trillion 2021 budget presented to the National Assembly by President Muhammadu Buhari last Thursday.
This followed a motion…
Inter-Parliamentary Union backs Nigeria on debt cancellation
The Speaker of the House of Representatives, Femi Gbajabiamila, has received the support of the President of the Inter-Parliamentary Union (IPU) on the drive for debt cancellation for…
Gold in Zamfara belongs to Nigeria government, Adegbite tells Governor
The Minister of Mines and Steel Development, Olamilekan Adegbite over the weekend in Abuja responded to the Governor of Zamfara State over claims of ownership of mineral resources in his…