Amid recession, World Bank says GDP in Western, Central Africa to grow 2.1% in 2021, 3.0% in 2022

From Joseph Inokotong, Abuja The World Bank has projected Real GDP in the Western and Central Africa subregion to grow 2.1% in 2021 and 3.0% in 2022. It pointed out that growth in the Western and Central Africa subregion contracted by 1.1% in 2020, less than projected in October 2020 partly due to a less […]

UAE Investors : We’re Coming to Osun

Governor Adegboyega Oyetola of the State of Osun paid a working visit to the United Arab Emirates, UAE headquarters of the MGT Group – a multi-sectoral and multidisciplinary firm with patented technologies operating in several countries of the world. The governor, accompanied by the Deputy Chief of Staff, Prince Abdullah Adeyanju Binuyo went on a […]

CBN depreciates naira to N410.25 in I&E window

By Elizabeth Adegbesan The Central Bank of Nigeria depreciated the naira yesterday by N16.25 kobo depreciated in the Investors and Exporters (I&E) window. This represents the third and biggest daily depreciation of the naira since 2017. Recall, the indicative exchange rate for the window jumped to N374 per dollar at the close of business from […]

Naira weakens badly

As MPC retains policy rate, other parameters • Food inflation to moderate as harvest starts, says Emefiele • We must avoid blind speculation, Adedipe warns Nigeria is grappling with additional challenges, including a faster rate of inflation, as the gap between official and parallel segment of the foreign exchange (FX) market continues to widen. As […]

GODWIN EMEFIELE; Despite COVID-19, Nigerian Banks Still Resilient

  CBN Governor, Mr. Godwin Emefiele The Executive The Central Bank of Nigeria Governor, Mr. Godwin Emefiele, in this post Monetary Policy Committee interview spoke about the health of banks in the country as well as the impact of the bank’s development finance interventions since the outbreak of the COVID-19. Obinna Chima brings the excerpts […]

Strike: Governors’ Forum urges labour unions to exercise caution

By Emmanuel Oloniruha The Nigeria Governors’ Forum (NGF), has  called on the Nigeria Labour Congress (NLC), and the Trade Union Congress (TUC), to  exercise  caution  on  its planned industrial action over increase in price of petroleum products and electricity tariff.   The 36 governors made the call in a communique issued on Friday in Abuja by the […]

Shelve economic shutdown, Buhari deserves commendation – Group appeals to labour unions 3 min read

The No Alternative to Buhari – Osinbajo 2019 (NATBO 2019) has pleaded with labour unions to shelve their planned strike, stressing that shutting the nation’s economy now will be catastrophic for the nation. Vincent Uba, National Coordinator, NATBO 2019, said in a statement that rather that protest, President Muhammadu Buhari deserved great commendation for his […]

NSE market capitalisation gains N107b Thursday

By Chinyere Joel-Nwokeoma The bulls continued to dominate trading on the nation’s bourse with the market capitalisation appreciating further by N107 billion on Thursday, amid gains by blue chips. Speficially, the market capitalisation inched higher by N107 billion or 0.79 per cent to close at N13.581 trillion from N13.474 trillion achieved on Wednesday. Also, the […]

Naira goes south against the U.S. dollar

By Abankula The Nigerian Naira depreciated against the US dollar in the parallel market on Monday in contrast to the massive gains it recorded last week. According to market monitors, ngnrates.com, the US Dollar is being traded at ‚¦445.00 today, 7 September. This is N5 more than last week’s price of N440. The buying rate […]

Group commends FG over removal of fuel subsidy

By Ikenna Osuoha An Abuja-based NGO, Initiative for Leadership Development and Change (ILDC) has commended the federal government for removing fuel subsidy to allow market forces determine the price of pump price so that the economy would flourish. Chief Ugochukwu Nnam, National Coordinator of the group made the commendation, in an interview with the News […]

Kogi Deputy Gov. Onoja blasts Sowore over comment on daughter

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