Economy

By Adaobi Rhema OguejioforThe 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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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 OguejioforThe 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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