Tags Economy

Tag: Economy

Nigeria ranked among worst governed countries in the World

The CGGI explained that the ranking came during the COVID-19 pandemic, which exposed the strengths and weaknesses in institutions, laws, and leadership in countries as governance decides the success of these countries.

Economy: Nigeria inflation hits 16.47%

The Minister of Finance, Budget and National Planning, Zainab Ahmed, had in January said government planned to keep inflation at 11.95 per cent by year end, following the Central Bank of Nigeria (CBN)’s inability to keep it within a single-digit target range of between 6 to 9 per cent for more than four years.

It is time get global economy fixed, Okonjo-Iweala speaks on new appointment

“A strong WTO is vital if we are to recover fully and rapidly from the devastation wrought by the COVID-19 pandemic.

Nigeria economy: Olowu of Kuta tasked foreigners, Nigerians to invest in the country’s economy

The European partners, appreciatiated the warm reception accorded the delegation and pledged their organisation's readiness to invest in the area of renewable energy to provide jobs for a large number of unemployed Osun indigenes Nigerians.

Economy: Oyetola flags off juice production company in Osogbo, says govt committed to improving ease of doing business in Osun

the Timi of Ede, Oba Munirudeen Adesola Lawal, commended Governor Oyetola for being committed to socioeconomic and infrastructural development of the state since inception of his administration.

Nigeria close to becoming a failed state, says Financial Times

“Even if the mass abduction was carried out by ‘ordinary’ bandits — as now looks possible — it underlines the fact of chronic criminality and violence.

Diversifying the economic sector through solid minerals: A catalyst to Nigeria’s development

Nigerian governments both at state and federal levels need to look closely into the various mineral ore processing for economic sustainability and development

Weak currency discouraging foreign investment in Nigeria’s economy, Says Expert

The federal government has been asked to take advantage of the global liquidity glut being experienced during the COVID-19 period to...

Breaking: Recession hits Australia for first time in almost 30 years

Australia has officially fallen into its first recession in 29 years with the biggest fall in Gross Domestic Product (GDP) on...

Edo Modular Refinery to earn $125m per annum from Naptha export, reset state’s economy

The Edo Modular Refinery being developed by Edo Refinery and Petrochemical Company Limited (ERPC) with support from the Edo State Government...

Economic Crisis: CBN says manufacturing index down 4th consecutive month this August

The CBN report also shows the employment level index for the month stood at 44.6 points, indicating contraction in employment level for the fifth consecutive months.

Presidency reacts to Q2 NBS figure, says no cause for alarm

The Presidency says the Second Quarters 2020 Gross Domestic Product (GDP) estimates released by the National Bureau of Statistics (NBS) is...

6.1% shrinking of economy: FG won’t be able to service rising debts, fund budget –MAN, others

Things are tough for average consumer, inflation going up – ManufacturersTackle rising inflation, unemployment, says Lagos chamber of industryChannel forex into productive...

Dollar grinds lower as traders question timing of U.S. stimulus

The dollar fell against most of its peers on Thursday amid fading hopes for a compromise between Republicans and Democrats over...

California sets record for most coronavirus cases in a single day

The coronavirus outbreak continued to worsen in California this week, with 9,500 infections recorded on Tuesday — the most new cases reported...

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Soldier shot as Army, ESN clash in Abia

The shooting was said to have attracted soldiers from the Army Headquarters, in Ohafia, who engaged the suspected ESN members in an exchange of gunfire.

Police recover AK47 live ammunition, others from passenger

“The bag was identified by other passengers as his own. When search was conducted on the bag, 138 rounds of AK47 live ammunitions, one AK47 magazine, one Baretta pistol magazine and a knife were discovered.”

9th senate empathy for the wounded in action (WIAs), an ‘ESPRIT DE CORPS’ for the agile soldier, says NAPMAIDEs chairman

"The visit of the leadership of the 9th Senate led by the Senate President, Distinguished Senator Ahmed Lawan to a military hospital in Kaduna to show empathy for the Wounded In Action (WIAs) who were brought there from the various theater of operations is a shared spirit of comradeship, enthusiasm, and devotion to a cause among the unarmed soldiers in war front".

Denmark v Finland match: Christian Eriksen stabilised in hospital after collapsing in match

Eriksen’s partner, wearing a Denmark shirt, came to the touchline and was comforted by the captain Simon Kjaer and the goalkeeper Kasper Schmeichel.