President Muhammadu Buhari during the presentation of the 2023 budget to the joint session of the National Assembly in Abuja; Photo: Philip Ojisua; Infographics: Olakunle Olaniyi Borrowing plan will aggravate economic woes, experts warn Stakeholders skeptical on manufacturing sector growth prospects Operators urge FG to channel funds to productive activities Excessive government borrowing from the […]
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British High Commissioner to Nigeria, Catriona Laing (right) and Deputy High Commissioner, Ben Llewellyn-Jones during the British Business Group (BBG) Nigeria’s 5th Decade Heritage Night Celebration in Lagos As British Business Group Nigeria marks 50th anniversary The British government has emphasised the need for the Federal Government to fix fundamental political and economic issues affecting […]
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Photo: Philip Ojisua; Infographics: Olakunle Olaniyi Fiscal Deficit Grows By 400 Per Cent Since Buhari’s First Appropriation FG Risks More Funding Crisis As Debt Marker Dries Up Estimates Contradict Economic Realities — Adonri Deficit, Debts Could Cripple Economy — ACCI With Friday’s presentation of the 2023 Appropriation Bill, President Muhammadu Buhari may have set the […]
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Says move will discourage new investments, potential investors Manufacturers Association of Nigeria (MAN) has condemned Wednesday’s invasion of Dangote Cement Plant by the Kogi State Vigilante Service (KSV), saying the action will discourage new investments in the state. Its President, Mansur Ahmed, at a press conference to herald the association’s 50th Annual General Meeting (AGM), […]
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Nigerian Stock Exchange It was not cheery news on the trading floor of the Nigerian Exchange Limited (NGX), as activities on the stock market took a negative turn last Tuesday following the increase of the Monetary Policy Rate (MPR) for the third consecutive time to stabilise prices. Indeed, aggressive monetary policy tightening by the Central […]
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MPR raised to 15.5 per cent, highest in 20 years CBN to debit commercial banks to effect new CRR Thursday Adonri: Increase creates opportunity for FG to mop up local funds Job losses to worsen, experts warn Nigerians lament soaring food prices ‘Address supply-side shocks to check inflation’ It was another audacious response from the […]
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President, Muhammadu Buhari (right); Minister of Foreign Affairs Geoffrey Onyeama; Chief of Staff Prof. Ibrahim Gambari, Permanent Representatives of Nigeria to UN Prof. Tijani Muhammad-Bande and Minister of Finance Hajia Zainab Ahmed, during the Opening of the 77th United Nations General Assembly in New York At the United Nations General Assembly (UNGA) in New York, […]
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The naira appreciated slightly against the dollar at the Investors and Exporters window on Friday as it exchanged at N436.33k. The rate represented a 0.04 per cent appreciation compared to the N436.50k for which the dollar was exchanged on Thursday. The open indicative rate closed at N434.83k to the dollar on Thursday. An exchange rate […]
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Food Insecurity Imminent Compared to other lingering challenges confronting the agriculture sector, armed banditry, farmers/herders clashes and other forms of onslaught on farmers have become a serious threat to Nigeria’s food security dream. Over the years, countless number of farmers in the agrarian communities were killed and maimed, just as others were kidnapped. While farm […]
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• Country’s Financial Situation Requires Exploration Of Alternative Revenue Sources — Faleke • Fiscal Condition Of Almost All States Unhealthy — Report • Focus On Manufacturing, Agric, Exportation To Rejig Economy — Economists • ‘With Funding, Contribution From Minerals Exploration May Surpass Oil Earnings’ Economists have said that Nigeria must begin to make deliberate efforts […]
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