Economy

The Federal Government has approved N5bn for each state and the Federal Capital Territory (FCT) to enable them procure food items for distribution to the poor in their respective states. Governor Babagana Zulum of Borno State…
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Adaobi Rhema Oguejiofor The Governor of Gombe State, Muhammadu Yahaya, has begun the distribution of food items and agricultural materials as palliatives in order to reduce the effects of the economic hardship that came as a result…
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In what appears like a boost for the naira, the Nigerian National Petroleum Company (NNPC) Limited and the African Export-Import Bank (Afreximbank) have jointly signed a commitment letter and Termsheet for an emergency $ 3 billion…
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The Federal Government is considering selling its stakes in about 20 state-run companies to bolster revenue amid pressing financial challenges. According to a Bloomberg report, the Nigerian National Petroleum Company Limited is one…
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By Yange Ikyaa In view of the recent musings from the two-day statutory bi-monthly meeting of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), an Adjutant Professor at North Dakota University, USA, Dr. Wisdom…
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By Moses Patience Chat The Government of Ondo State has announced comprehensive palliative measures to reduce the effects of the removal of petrol subsidy on residents of the State. Ondo State Commissioner for Finance, Wale…
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By Adaobi Rhema Oguejiofor The Governor-elect of Plateau State, Caleb Mutfwang, has emphasized on the deliberate steps taken towards harnessing and reviving the energy potentials in the state with the hope of rehabilitating economic…
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By Moses Patience Chat The Niger Delta Development Commission (NDDC) has said that it will not continue to depend on the Federal Government and International Oil Companies to generate funds for development projects in the region. …
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President Muhammadu Buhari has distanced himself from the Central Bank of Nigeria’s alleged disobedience to orders of the Supreme Court regarding the implementation of the Naira redesign and cash swap policy of the apex bank. …
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By Moses Patience Chat The Nigerian Export-Import Bank (NEXIM), has signed a Memorandum of Partnership with International Finance Institutions to enhance non-oil exports in the country. The Managing Director of NEXIM, Mr. Abba…
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