acronomy

Tough times await Nigerian economy - Lemo

A former Deputy Governor of the Central Bank of Nigeria, CBN, Mr. Tunde Lemo, has predicted more tough times for the nation's economy this year. He, therefore, advised the Federal Government to intensify efforts towards diversifying the economy. A statement

Mr. President and an economy in recession

The Nigerian economy is in recession, or "technically in recession", as the Minister of Finance, Kemi Adeosun, put it last week, and seems to be at the lowest point it can be in recent history. We have rocketing inflation at 16.9 per cent, high unemployment

How Nigeria's Economy Nosedived In 10 Years

The inability to manage Nigeria's wealth over the years has been identified as the main reason for the decline of the country's economy over the years. Before 2015, the country had generated billions of dollars in forex. Nigeria's economy grew 12.7% between

Harris to unveil plan for US economy

Kamala Harris is expected to take on companies unfairly jacking up prices as she sets out her economic agenda Friday in her first major policy announcement as the Democratic Party's presidential nominee. The vice president, who replaced President Joe Biden

UK exits recession as economy bounces back

The United Kingdom's economy has overcome recession earlier than expected in the first quarter of 2023. The economy grew by 0.6 per cent between January and March, the fastest rate for two years, official figures showed. Recall that last year, the UK economy

Peter Obi wrecked Anambra economy - Seun Kuti

Seun Kuti, a Nigerian musician, and youngest son of the Afrobeat pioneer, Fela Anikulapo Kuti, has alleged that Peter Obi's family wrecked the Anambra State economy. Kuti made the allegation in a video on his Instagram page. He said Anamabra State has bad

Economy will pick up in 2017, says FG

The Federal Government on Thursday assessed the nation's economy and returned a verdict that 2016 has so far been a difficult year for Nigeria. It said things are expected to start picking up for the nation by next year. The Minister of Budget and National

Tinubu inherited a dead economy - Soludo says

Anambra State Governor, Charles Soludo, has stated that the administration of President Bola Tinubu took over a "dead economy" bequeathed by its predecessors. The former governor of the Central Bank of Nigeria stated this on Channels TV's Politics Today on

Nigeria's economy likely to shrink this year -IMF

Nigeria's economy will most likely contract this year as energy shortages and the delayed budget weigh on output, the International Monetary Fund has said. "I think there is a high likelihood that 2016 as a whole will be a contractionary year," the IMF Country

How Nigeria's Fuel Subsidy Shock Jolted Cameroon's Economy

In Cameroon, the unintended consequences of Nigeria's fuel subsidy withdrawal ripple across the beleaguered Anglophone region. WHAT HAPPENED TO CAMEROON'S REFINERY? On the night of 29 May, 2019, the lone petroleum refinery in Cameroon was struck by a massive

Concerns as Jowizaza, wife spotted flying economy class

Nigerian billionaire businessman, Jowizaza and his wife, Melaine has stirred reactions online after spotted flying economy class. Recall that the couple tied the knot in an intimate traditional wedding ceremony in Anambra, surrounded by family and close associates

Putin boasts about Russia's economy despite recession fears

ST. PETERSBURG, Russia (AP) - President Vladimir Putin on Friday hailed Russia's economic outlook, saying it has managed to curb inflation and ease its reliance on energy exports. His optimistic account in a speech at the St. Petersburg International Economic

LGs autonomy: FG inaugurates panel to enforce S/Court judgement

The federal government has inaugurated an Inter-Ministerial Committee to enforce the Supreme Court judgement delivered on 11th July, 2024 granting financial autonomy to Local Governments in Nigeria. The Secretary to the Government of the Federation (SGF),

Benefits, dangers of full financial autonomy for judiciary - SANs

Respected member of the inner bar, Chief Mike Ahamba, SAN, an Ibadan-based lawyer, Chief Adeniyi Akintola, SAN, human rights activist, Mr Femi Falana, SAN, and law scholar, Dr. Wahab Shittu, SAN, are among scores of senior lawyers in the country pushing for

There is hope for Nigeria's economy, says Osinbajo

Vice-President Yemi Osinbajo on Tuesday said despite the current harsh economic conditions in the country, there was hope for Nigeria. According to a statement by his Senior Special Assistant on Media and Publicity, Mr. Laolu Akande, Osinbajo gave the assurance

UNN cancels 2023/2024 Post-UTME over harsh economy

The management of the University of Nigeria, Nsukka (UNN) has announced the cancellation of its 2023/2024 Post-Unified Tertiary Matriculation Examination (UTME), earlier scheduled for October. The development, according to a statement issued on Friday by the

Lithium Reserves, The New Investment Bride Reshaping Nasarawa's Economy

Katsina State government recently launched its first batch of Community Watch Corps. GODWIN ENNA examines the security measures being put in place by the new administration and reports the historic milestone in the state In the last few years there has been

Harsh Economy: Drop in passenger traffic unsettles domestic airlines

Following the current economic crisis in Nigeria, domestic airlines are struggling with a sharp drop in passenger traffic. The situation, which has negatively impacted their earnings, has become a source of concern in the industry. Diminishing passenger traffic