When we mention Gross Domestic Product (GDP), we talk about the total market value of all goods and services produced in a country’s economy during a specified period (usually a year). It […]
The phenomenon of digital currencies has assumed a wider dimension globally over the last decade with its attendant impact on commerce and the economy often dividing opinions on the subject. The growth […]
After more than two decades of endless national debates and stalemate, there is a new Petroleum Industry Act 2021 (PIA) in the country. The Act has provided a six-month transition period for […]
In a landmark move, President Muhammadu Buhari recently signed the Petroleum Industry Bill (PIB) into law after it was transmitted to him from the National Assembly for executive assent. Some of the […]
Nigeria’s inflation dropped by 0.37% to 17.38% in July 2021, from the 17.75% recorded in June 2021. This is according to the latest report of the National Bureau of Statistics (NBS). According […]
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari, recently stated that the rise in oil prices was hurting Nigeria, as the country relies heavily on fuel imports […]
The World Bank recently reported that inflationary pressure in Nigeria has pushed about seven million Nigerians below the poverty line in 2020 alone. The revelation, which was contained in the bank’s latest […]
Nigeria’s rising debt profile has been an issue of intense debate in the last few weeks. It was the recent PDP Governors Conference that sharply brought it to the front burner. With […]
The Federal Government is working toward enhancing special economic zones to boost FDI in Nigeria’s economy and creating a large number of employment opportunities. This initiative is part of the government’s promise […]
The president of African Development Bank (AFDB) Akinwunmi Adesina, during the 59th Ordinary Session of ECOWAS Conference of Heads of State and Government held in Ghana, had declared that; “The $430 million […]
Nigeria has declared a long list of activities to mark the national Micro-, Small and Medium-sized Enterprises Day, (MSME) in tandem with World MSME Day as declared by the United Nations (UN). […]
The federal government has announced plans to concession Nigeria’s four major airports. These airports include; Murtala Muhammed International Airport Lagos (MMIA), Nnamdi Azikiwe International Airport Abuja (NAIA), Mallam Aminu International Airport […]
An Abuja federal high court on Monday 21 June 2021 ordered oil giant, ExxonMobil and the Nigerian National Petroleum Corporation (NNPC), its Joint venture partner to pay a cumulative sum of N81.9 […]
Some governors from the opposition party, after a recent meeting in Uyo, have raised alarm over what they call Nigeria’s rising debt profile. The grumbling governors were raising an alarm that Nigeria’s […]
Fraud in the banking sector isn’t a new phenomenon neither is it peculiar to any nation. It affects all nations in all the continents of the world. Nigeria’s banking sector has faced […]
The high cost of governance in Nigeria has become a very disturbing phenomenon and has been widely acknowledged by many as one of the country’s most niggling problems. Regrettably, for one inconsequential […]
A recent report from the Nigeria Inter-Bank Settlement System (NIBSS) reveal that Nigerians transacted over N20 trillion instant payment transactions in May 2021. Transactions in May 2021 were 0.15% higher than in […]
The emergence of the COVID-19 pandemic has been disastrous for all economies around the world including Nigeria. The downturn in the Nigerian economy precedes the epidemic, however, as GDP per head has […]
President Muhammadu Buhari on Thursday, June 10 2021 launched the Lagos-Ibadan railway project’s commercial operations at the Mobolaji Johnson Railway Station in Ebute Metta, Lagos, The President hailed the achievement as “another […]
A few days ago, news broke out that the Nigerian National Petroleum Corporation (NNPC) has moved to acquire 20 per cent stake in the 650,000 barrels per day from Dangote Refinery in […]
