acronomy

Pastor Adeboye to lead national prayer for Nigeria's economy

Amid deepening economic hardship in Nigeria, the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, is set to lead a national prayer session focused on the country's economic recovery. According to a statement made available

Governors disobey FG on Local Government autonomy; cripple council operations

The 774 local government councils in the country are presently in dire financial strait and unable to cater to people at the lowest level in accordance with their constitutional mandate due to the actions and inactions of state governors. Following the poor

Nigeria's Economy Still Vulnerable Despite Exiting Recession - IMF

The International Monetary Fund on Friday said that in spite of Nigeria exiting the recession, the economy of the country was still vulnerable. The IMF in a statement by Raphael Ranspach, its Media and Press Officer, welcomed the federal government's actions

I'll reposition economy with technology, agriculture - Buhari

President Muhammadu Buhari on Thursday promised that his administration will continue to welcome innovative ideas in the gas, technology and agricultural sectors as ways of repositioning the nation's economy. According to a statement by his Special Adviser

Oil down by $10, new headache for Nigeria's economy

Nigeria's economy faces fresh risk as international crude oil prices slump by $10 per barrel, threatening the country's already stretched fiscals and exposing deep-rooted vulnerabilities in Africa's largest crude oil producer. The decline, driven by US President

Autonomy: Nigerian govt says 749 LGAs failed to provide account details

Nigeria's office of the Accountant General of the Federation has identified major setbacks to the implementation of the July 11, 2024 Supreme Judgement on local government councils autonomy. According to the government agency, the two major setbacks are the

LG autonomy: Steal LG funds, go to jail - ICPC warns

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has vowed to prosecute any local government official caught engaging in corrupt practices as the new local government fiscal autonomy takes effect nationwide. The warning was issued

Mali Cancels All Colonial Agreements with France, Seeks Complete Autonomy

Mali's military junta led by Col Assimi Goita has cancelled all the eleven post- independent agreements the country alongside 13 other French-speaking countries signed with France. There have been speculations that spate of coup d'etat in Francophone countries

LG autonomy: Governors block council chairmen from opening CBN accounts

The challenges facing the implementation of the Supreme Court judgment on local government autonomy have assumed a new dimension, with some state governors explicitly warning their council chairmen against opening an account with the Central Bank of Nigeria

Shock as Nigerian banks record huge profit amidst gloomy economy

At the backdrop of economic gloom and general hardship being faced by the populace, banks operating in Nigeria are decaling huge earnings and profits. Also the surge in their earnings comes amidst a significant decline in banks' credit to the private sector

Banana, plantain can boost Nigerian economy - NBPAN Boss

The Chairman, National Banana and Plantain Growers, Processors and Marketers Association of Nigeria in Abia State, Engr. Dr. Okezie Abarikwu, has said banana and plantain, if planted in commercial quantity and exported, would revive the economy. Abarikwu spoke

New naira: Temporary hardship necessary for economy - FG

The Federal Government on Thursday said the harsh realities faced by citizens due to the introduction of the new naira notes by the Central Bank is a necessary price for the long-term health of the economy. Minister of Finance, Budget and National Planning

Video: 9ice - Economy [Dir. by Unlimited LA]

If anyone knows how to get groovy, it's 9ice Alapomeji. 9ice, brings new levels of energy, masterful lyricism and a whole lot of country situation to the scene with his dramatic, new video, "Economy." Directed by Unlimited LA. Watch and share.

5 African Countries with the Best Economy in 2023

In the vibrant landscape of Africa's economy, the year 2023 has been a defining moment for several nations. These African countries with the best economy stand out, not just as leaders on their continent, but as global examples of resilience and potential

Nigeria's economy begins major shift as oil sector rebounds

There are indications that Nigeria's economy is reversing back to oil-sector led development while the gains made in non-oil sector is now reversing. But feelers from the Organisation of Petroleum Exporting Countries, OPEC, have indicated that a fresh challenge

What Donald Trump's second Presidency means for Nigerian economy

Donald Trump's return to the White House as the 47th President of the United States, following a dramatic victory over Kamala Harris, brings new questions for Nigeria's economic outlook. Trump's economic policies, built around "America First," prioritize domestic

Senate rejects devolution of powers, backs financial autonomy for state Assemblies

The Senate at about 12.35p.m, on Wednesday, voted against devolution of powers to states. Forty eight members voted against it, while 46 voted in favour. It, however, voted ‎in favour of financial autonomy for states' Houses of Assembly. It also gave its nod

Autonomy for state legislatures: S-West lawmakers resolve to lobby govs

Speakers and principal officers of State Houses of Assembly in the South West have expressed their readiness to engage the Nigeria Governors Forum, NGF, to work out full autonomy for state legislators in the country. This, according to them, would help solidify