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Economy

Photo News: Unity Bank MD Tasks Students On World Savings Day Training

The Managing Director/Chief Executive Officer of Unity Bank Plc, Mrs Tomi Somefun has charged parents to take greater responsibility in supporting early child adoption of Banking and savings culture as the bedrock for forging sustainable wealth creation for Nigerian Child….

There Will Be No Christmas Rice In Nigeria

(Verse 1) Dis December… We no go chop rice, e scarce for pot, For dis Naija, e don dey too hot, Hardship dey bite, we don chop pepper, For dis economy, e be like say na suffer. (Chorus) We no…

Solid Minerals Will Boost Nigeria’s Revenue — FIRS Boss

The newly appointed Acting Chairman of the Federal Inland Revenue Service, Mr. Zachaeus Adedeji has said the administration is counting on the growth of the solid minerals sector to boost the economy. Speaking on a courtesy visit to the Minister…

Amid NASS Probe: NEITI Uncovers $9.85bn Debts Owed Federal Govt By Oil Firms, Others

The House of Representatives ad-hoc committee investigating crude oil theft and loss of revenues from oil and gas companies has again insisted that agencies and other stakeholders in the industry evading the ongoing investigation appear before it unfailingly, LEADERSHIP reports….

Most Successful Economic Period In Nigeria Was Under Obasanjo

Former Governor Nasir El-Rufai of Kaduna State has said the second term of former President Olusegun Obasanjo yielded the most successful in terms of economic growth, job creation, and inflation rate in Nigeria. Obasanjo governed the country from 1999 to…

CBN Reacts To Reports On Naira Redenomination

The Central Bank of Nigeria (CBN) has reacted to the Social Media dominated reports on Naira redenomination amid high inflation in the West African country. The CBN, in its reaction, denied plans to re-denominate the naira, saying that a statement…

Economic Diversification, Job Creation: MSME Partners Set To Deliver SME-Focused Interventions For 1.3M Beneficiaries In 17 States, FCT

In a bid to complement the Federal Government’s efforts to improve the economy and create more jobs, a group of partners in the Micro, Small and Medium Enterprises (MSME) space are set to execute various MSME-focused interventions, targeting 1.3 million…

Alake Says Solid Minerals Will Contribute 50% To Nigeria’s GDP, To Create Solid Minerals Corporation, Mining Police

The Minister of Solid Minerals, Mr. Dele Alake, has said that the ministry will add at least 50% to the Nigerian economy, just as he said that the Ministry is poised to attract Foreign Direct Investment to the country. The…

Subsidy: Why World Bank Recommended Economic Policies Consistently Failed In Nigeria For 40 Years – MFC To Tinubu

The Movement for Fundamental Change (MFC) has reacted to the ongoing implementation of petrol subsidy removal, which has led to increase in pump price of Premium Motor Spirit (PMS), and leading to increment in the prices of essential goods and…

Governor Mbah To Boost Enugu Economy Through Coastal Transport As Chief of Naval Staff Inspects Ogurugu Jetty Facilities

Governor Peter Mbah of Enugu State has reiterated the government’s resolve to harness the opportunities presented by the Ogurugu waterway and jetty to boost the state’s economy, ease transportation, and create employment. This is just as the Chief of the…

Petrol Subsidy: Gov Peter Mbah Sets Up Committee On Palliatives

Enugu State Governor, Barr Peter Mbah has set up a committee to oversee the procurement and distribution palliatives to the residents of Enugu State. The committee is headed by the state Deputy Governor, Barr. Ifeanyi Ossai. Governor Mbah who assured…