Economy

Despite the array of challenges facing the country, departing Spanish Ambassador to Nigeria, Juan Sell has said Nigeria is a country of great potential that owns the future. Sell gave this description during his sent-forth party at the…

Revenue allocation to federal, state and local governments has declined from a peak of N970.57bn in July 2021 to N680.783bn in May 2022, representing a 30 per cent reduction over the period. The decrease in allocation to these…

Governor, Godwin Obaseki of Edo State has urged Federal and State Governments to explore non-oil revenue streams, insisting that reliance on crude oil income is unsustainable for the country’s economy. Obaseki told journalists on…

Nigeria stands as the number one country in Africa in the International Monetary Fund (IMF) 2020 World Economic Outlook’s ratings of countries. According to the News Agency of Nigeria (NAN), using countries’ GDPs, IMF ranked…

The Financial Derivatives Company Limited (FDC) has estimated the economic cost of the #EndSARS protest disruption at N1.5tn, approximately 1.03 per cent of the GDP and 11.47 per cent of the 2021 budget. In its latest economic…

The National Orientation Agency on Monday appealed to youths in the country to stop looting warehouses and other facilities. NOA warned that looting would cause negative effects on the country’s economy. The agency made this…

Britain’s economy shrank by almost a fifth in the second quarter, entering recession because of the nationwide coronavirus lockdown, revised official data showed on Wednesday. Gross domestic product contracted by a record 19.8 per cent…

‎Nigerian businessmen in Ghana, under the aegis of Nigerian Traders Union in Ghana, have cried out over the closure of their shops by Ghanaian authorities. The traders are calling for the intervention of the Federal Government.…

The Nigerian National Petroleum Corporation (NNPC) on Wednesday warned against an abrupt relocation of tank farms from their current locations along Ijegun, Kirikiri areas in Lagos and other parts of the country as that could…