Nigerian Economy Today

Prices of fuel, cooking gas, diesel decreased in July - NBS report

Nigerians paid less for fuel, cooking gas, diesel in July - NBS report

Nigerians paid less for fuel, cooking gas, diesel in July - NBS report
Why salaries of workers may be delayed in many states - Kemi Adeosun

Why salaries of workers may be delayed in many states - Kemi Adeosun

Salaries of workers across states of the federation may be delayed if the issues that forced a deadlock in the federation accounts and allocation committee meeting with governors remain unresolved, Kemi Adeosun said

Why salaries of workers may be delayed in many states - Kemi Adeosun
Breaking: World Bank approves $2.1bn loan for seven projects to boost Nigeria’s economy

Breaking: World Bank approves $2.1bn loan for seven projects to boost Nigeria’s economy

A $2.1bn loan has been approved by the World Bank for the execution of seven projects aimed at supporting the federal government’s economic growth plan. The financial institution said the seven projects cover areas like nutrition.

Breaking: World Bank approves $2.1bn loan for seven projects to boost Nigeria’s economy
Indices used might have been compiled during recession - FG dismisses global report on Nigeria's poverty level

Indices used might have been compiled during recession - FG dismisses global report on Nigeria's poverty level

FG has dismissed the global report on the poverty level of Nigeria. The minister of industry, trade and investments, Okechukwu Enelamah, said that the indices used for the report may have been complied during recession.

Indices used might have been compiled during recession - FG dismisses global report on Nigeria's poverty level
Just in: CBN injects $210 million into Forex market

Just in: CBN injects $210 million into Forex market

In a statement on Tuesday, June 26, in Abuja, he said 100 million dollars was allotted to authorised dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment got 55 million dollars.

Just in: CBN injects $210 million into Forex market
Why FG needs to borrow N1.6tn to fund 2018 budget deficit - Minister of budget

Why FG needs to borrow N1.6tn to fund 2018 budget deficit - Minister of budget

The minister of budget and national planning, Udo Udoma, says the federal government will borrow N1.6 trillion to finance part of the N9.12 trillion 2018 budget. The minister made the disclosure on Thursday, June 21, in Abuja.

Why FG needs to borrow N1.6tn to fund 2018 budget deficit - Minister of budget
What is scaring away investors from Nigeria - CJN tells judges, provides solution

What is scaring away investors from Nigeria - CJN tells judges, provides solution

The Chief Justice of Nigeria (CJN), Walter Onnoghen, says a justice system riddled with delays will be unattractive to investors. Onnoghen said this on Wednesday, May 30, at the national seminar on construction law.

What is scaring away investors from Nigeria - CJN tells judges, provides solution
IMF not worried about Nigeria’s rising debt profile - Adeosun

IMF not worried about Nigeria’s rising debt profile - Adeosun

Kemi Adeosun who is the minister of finance has said that the International Monetary Fund (IMF) is not worried about Nigeria’s rising debt profile. The minister said Nigeria was capable of paying of its huge debt.

IMF not worried about Nigeria’s rising debt profile - Adeosun
Chemical industries in Nigeria

Chemical industries in Nigeria

The CHEMICAL INDUSTRY touches all other industries connected to life, like Transportation, Décor, Hygiene, Food, Environment, Agriculture and so on. It has a significant influence in the recycling industries. Read on to learn more

Chemical industries in Nigeria
FACTSHEET: Buhari's 3 years in power (part 1)

FACTSHEET: Buhari's 3 years in power (part 1)

As President Buhari's administration clocked 3 years, there have been diverse opinions across the country on the performance of his administration. On the basis of this, NAIJ.com presents the report sheet of this administration.

FACTSHEET: Buhari's 3 years in power (part 1)
What Nigerians are saying about Buhari's administration as Nigeria celebrates 19th Democracy Day

What Nigerians are saying about Buhari's administration as Nigeria celebrates 19th Democracy Day

As the nation celebrates, Nigerians have bared their mind on the good the bad and the ugly. Some are of the opinion that Democracy Day has become a day to cry for help as there is increase killing, insecurity and hardship

What Nigerians are saying about Buhari's administration as Nigeria celebrates 19th Democracy Day
Nigerian states must think, plan as countries to be more financially viable - Osinbajo

Nigerian states must think, plan as countries to be more financially viable - Osinbajo

Professor Yemi Osinbajo urged state executives to think beyond four or eight year cycles and be committed to laying a foundation that their successors will build on, “and for successors to be ready to build on foundations laid.”

Nigerian states must think, plan as countries to be more financially viable - Osinbajo
Again, Nigeria's economy improves as inflation rate drops for 15th consecutive month to 12.48 percent

Again, Nigeria's economy improves as inflation rate drops for 15th consecutive month to 12.48 percent

The National Bureau of Statistics on Tuesday, May 15, released the Consumer Price Index, which measures inflation, with the index dropping from 13.34% in March to 12.48% in April, indicating a significant economic improvement.

Again, Nigeria's economy improves as inflation rate drops for 15th consecutive month to 12.48 percent
How TSA led to discovery of N1.6bn in a single account - Adeosun reveals

How TSA led to discovery of N1.6bn in a single account - Adeosun reveals

Kemi Adeosun, Nigeria’s minister of finance has disclosed how the sum of N1.6 billion was recovered from an unidentified account in a single branch of a certain bank, by the implementation of the Treasury Single Account.

How TSA led to discovery of N1.6bn in a single account - Adeosun reveals
Poverty is estimated to have increased slightly in 2017 - World Bank report

Poverty is estimated to have increased slightly in 2017 - World Bank report

The World Bank has stated that Nigeria’s unemployment and underemployment rates increased in 2017, though the country emerged from recession. The disclosure was indicated in the bank’s ‘Nigeria Bi-annual Economic Update’.

Poverty is estimated to have increased slightly in 2017 - World Bank report
Alleged money laundering: Court remands ex-governor in EFCC custody

Alleged money laundering: Court remands ex-governor in EFCC custody

A Federal High Court sitting in Katsina on Tuesday, April 24, ordered that the former Katsina state governor, Ibrahim Shema be remanded in EFCC custody until April 27, for alleged money laundering. He however pleaded not guilty.

Alleged money laundering: Court remands ex-governor in EFCC custody
Again, Nigeria's economy improves as inflation rate drops for 14th consecutive time to 13.34 percent

Again, Nigeria's economy improves as inflation rate drops for 14th consecutive time to 13.34 percent

For the 14th consecutive time, inflation rate inched closer to the single digits target set by both monetary and fiscal authorities for the economy. The Consumer Price Index increased by 13.34% between March 2017 and March 2018.

Again, Nigeria's economy improves as inflation rate drops for 14th consecutive time to 13.34 percent
Nigeria's inflation is expected to drop further to 13% - Expert

Nigeria's inflation is expected to drop further to 13% - Expert

The managing director and chief executive of Financial Derivatives, Bismarck Rewane, has said that he expects the country's inflation to drop to 13.8 percent in March, down from 14.33 percent that was recorded for February.

Nigeria's inflation is expected to drop further to 13% - Expert
We've imported N2.09 trillion worth of petrol to tackle fuel crisis - NNPC reveals

We've imported N2.09 trillion worth of petrol to tackle fuel crisis - NNPC reveals

Represented by the chief operating officer, finance and account, Abdulrazaq Isiaka, the group managing director said the NNPC's move to purchase the large amount of fuel has helped in reducing the sufferings of Nigerians.

We've imported N2.09 trillion worth of petrol to tackle fuel crisis - NNPC reveals
What is the pride in accumulating external debt? Economist raises concerns over FG's external borrowing of 21.73trn

What is the pride in accumulating external debt? Economist raises concerns over FG's external borrowing of 21.73trn

A professor of Economics at the Olabisi Onabanjo University, Ago-Iwoye, Sheriffdeen Tella, on Monday described the nation’s debt stock of N21.73 trillion as worrisome and urged the federal government to stop external borrowings.

What is the pride in accumulating external debt? Economist raises concerns over FG's external borrowing of 21.73trn
Okorocha under fire as medical association outlines his ’10 mortal sins’; blasts governor for ‘mindlessly destroying’ Imo’s economy

Okorocha under fire as medical association outlines his ’10 mortal sins’; blasts governor for ‘mindlessly destroying’ Imo’s economy

Governor Rochas Okorocha has been accused of ‘mindlessly destroying’ the Imo state economy by the Association of Catholic Medical Practitioners of Nigeria, in a statement titled “The 10 Mortal Sins of Governor Rochas Okorocha."

Okorocha under fire as medical association outlines his ’10 mortal sins’; blasts governor for ‘mindlessly destroying’ Imo’s economy
Senate promises to strengthen law giving small businesses access to government contracts

Senate promises to strengthen law giving small businesses access to government contracts

NAIJ.com gathered that under the law, potential borrowers can now register assets other than land and property as collateral to secure a loan from banks.

Senate promises to strengthen law giving small businesses access to government contracts
Osinbajo, Adeosun assure Nigerians of positive changes in economy within 18 months

Osinbajo, Adeosun assure Nigerians of positive changes in economy within 18 months

The Acting President, Professor Yemi Osinbajo, has declared that there would be a positive change in Nigerian economy system between 12 and 18 months.

Osinbajo, Adeosun assure Nigerians of positive changes in economy within 18 months
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