Economy

By Adaobi Rhema Oguejiofor  The International Monetary Fund (IMF) has said that Nigeria and other emerging economies will need about $2 trillion annually by 2030 in order to achieve the ambition of transitioning to net-zero…
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...Regrets hardship faced by Nigerians President Bola Ahmed Tinubu has announced provisional wage increment for the next six months, with average low-grade worker set to receive an additional N25,000 per month. He made the…
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By Yange Ikyaa China has consistently dominated the worlds electric vehicle (EV) market in nearly all facets. In 2022, the country exports of EVs increased in excess of 131.8 percent year-on-year to about 680,000 units, according to…
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Gopichand Hinduja, an Indian business magnate, made a firm pledge last week to invest significantly in Nigeria’s rapidly expanding vehicle industry. Last week, the billionaire Chairman and CEO of Hinduja Group of Companies met with…
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By Adaobi Rhema Oguejiofor The Governor of Lagos State, Mr. Babajide Sanwo-Olu, has officially commenced the distribution of food items to vulnerable households through the Lagos Food Bank Programme in order to reduce the effects of…
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The Central Bank of Nigeria (CBN) is planning to renew the currency swap arrangement with the Chinese government next year, according to a senior lawyer, Femi Falana. Falana disclosed this on a Television program on Friday, saying…
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By Yange Ikyaa An Adjutant Professor of North Dakota University, USA, Engr. Dr. Wisdom Patrick Enang, has recommended multiple ways to stimulate forex in order to save the falling Naira. Dr. Enang offered the recommendation over…
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President Bola Ahmed Tinubu has vowed to harness the country’s gas resources to benefit all Nigerians. Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, disclosed this on Friday in a statement when the…
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The Nigerian National Petroleum Company NNPC Limited's widely distributed press release about a loan it secured from AFREXIM bank, ostensibly for the purpose of supporting the Naira, is taken from a playbook that has served it well in…
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Says You’re On Right Track Shubham Chaudhuri, Country Director, World Bank, Nigeria Office, has beckoned on President Bola Ahmed Tinubu not to backtrack on his reform policies, particularly the petrol subsidy removal. While…
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