Economy

Nigeria entered this crisis in a weak position. If we look at average real GDP growth in the last three years prior to the crisis, it was at 2%, roughly half the growth in peer countries and…

In fulfillment of his promise to ensure transparency and accountability in government, Benue State Governor, Samuel Ortom today assented to laws to establish the state Commission on Fiscal…

Lagos State government has begun engagement with stakeholders to get their inputs into the making of the 2021 budget. The state commissioner for economic planning and budget, Samuel Egube…

Besides the official exchange rate, used mainly for government transactions and the budget, Nigeria maintains a number of other rates. The rate for investors and exporters, known as…

The Central Bank of Nigeria (CBN) has set N500 million as a maximum limit that can be accessed from the healthcare research and development grant for development and manufacturing…

About four months ago, the executive board of International Monetary Fund (IMF) approved the historic disbursement of $3.4 billion to Nigeria as an assistant for coronavirus pandemic and…

When a restriction on provision of foreign exchange for the importation of maize was recently announced by the Central Bank of Nigeria (CBN), many local processors using the commodity saw it…

Nigeria’s federal government has been advised to include the South-East region in its industrialisation programme to ensure even development of the country. Goddy Okafor, chairman,…

The economic shock triggered by the COVID-19 pandemic and lower oil prices have done little favours for an economy that was already on the decline with key macroeconomic indicators in worse…

Restaurants in Nigeria have in the past five months seen up to between 50 percent and 60 percent drop in sales due to restrictions imposed by the Federal Government to combat the spread of…