Economy - New Nigerian Politics | New Nigerian Politics

Naira crashes 108% against West Africa CFA currency

Posted by admin Economy, General Politics, Naira (Currency), National Politics Monday, August 24th, 2020

Nigerian naira banknotes . REUTERS/Afolabi Sotunde • In five-year free fall • CBN sells pound above N500 for the first time The naira has fallen by 108 per cent against the West African CFA (popularly known as CFA) in the past five years as the latter rallies to wipe out the hitherto wide trading gap […]

How South East lost out in $93b foreign investments

Posted by admin Economy, Latest Politics, South-East Thursday, August 13th, 2020

Abia State, Nigeria. PHOTO: Local Guides Connect • Why investors shun region • Low returns, poor infrastructure trigger apathy • Investors attack governors • We’re doing our best, govs’ forum insists Despite relative peace in the region, the Southeast zone has remained unattractive to investors, a situation analysts ascribe to unfriendly tax regimes, […]

FG eyes improved gas investment

Posted by admin Economy, Latest Politics Tuesday, August 11th, 2020

Timipre Sylva Chineme Okafor in Abuja The federal government has stated its desire to boost investment in Nigeria’s natural gas market with its formal activation of the National Gas Transportation Network Code yesterday. According to the Technical Adviser (TA) on Gas Business and Policy Implementation to the Minister of State for Petroleum Resources, Mr. Timipre […]

Partner with Buhari, don’t stampede him, Presidency urges TUC

Posted by admin Economy, Muhammadu Buhari (1983-85, 2015 - 2023), Nigeria Labour Congress (NLC), Presidency Monday, August 3rd, 2020

Juliana Taiwo-Obalonye, Abuja The Presidency has urged the Trade Union Congress (TUC) to shelve its planned a nationwide protest over what the Union alleges to be President Muhammadu Buhari’s ‘inaction over the high-level of corruption uncovered at the Niger Delta Development Commission (NDDC), the Nigeria Social Insurance Trust Fund (NSITF) and the Economic and Financial […]

Panel finds Adesina innocent of all alleged ethical violations: All roads now clear for his reelection as AfDB President

Posted by admin Africa & World Politics, Economy, Latest Politics, Top Stories Wednesday, July 29th, 2020

All roads are now clear for the reelection of Dr. Akinwumi Adesina as President of African Development Bank(AfDB) for a second five-year term. Adesina is Africa’s consensus candidate. The election by the bank’s governors will take place during the annual meeting scheduled for August 25-27. This followed the decisive conclusions of the Independent Review Panel […]

Between Education and the Economy – By Arnold A. Alalibo

Posted by admin Arnold Alalibo, Articles, Columnists, Economy, Education, NNP Columnists Sunday, July 26th, 2020

By Arnold A. Alalibo | NNP | July 26, 2020 – In those days, the singular thing that motivated students to make a choice of discipline was passion for the profession. Disappointingly, today students are no longer passionate about their chosen subjects any more. All they care about are job prospects. What reasons can be […]

CBN: Economy Recorded $42.7bn Forex Inflow in First Quarter

Posted by admin CBN (Central Bank of Nigeria), Economy Wednesday, July 22nd, 2020

Obinna Chima The aggregate foreign exchange (forex) inflow into the Nigerian economy in the first quarter (Q1) 2020 was $42.71 billion, the Central Bank of Nigeria (CBN) has said. CBN, in its economic report for Q1 2020 obtained on its website yesterday, said the amount of forex inflow recorded in the period under review indicated […]

Harness youths for post-COVID-19 economic recovery

Posted by admin Economy Thursday, July 16th, 2020

By Mustapha Sumaila The African Development Bank (AfDB) says harnessing the youth workforce can speed economic recovery in the post-COVID-19 era in the West African countries. The AfDB’s Communications and External Department made this known in a statement on Friday on in its regional economic outlook report. It stated that the virtual launch of the […]

Ireland’s ex-president, Mary Robinson, to lead probe into AfDB Chief

Posted by admin Africa & World Politics, Economy Thursday, July 2nd, 2020

Akinwumi Adesina Ireland’s former president Mary Robinson will lead a panel to investigate the leader of the African Development Bank (AfDB), accused by whistleblowers of corruption, the bank said. Akinwumi Adesina, 60, a charismatic speaker known for his elegant suits and bow ties, became the first Nigerian to helm the AfDB in 2015 — but […]

Nigeria Records 1.87% Growth in Q

Posted by admin Economy Monday, May 25th, 2020

By James Emejo Nigeria’s Gross Domestic Product (GDP) grew by 1.87 per cent (year-on-year) in real terms in the first quarter of 2020 (Q1 2020), the National Bureau of Statistics (NBS) stated Monday. The performance recorded represented a contraction of 0.23 per cent compared to Q1 2019 and a contraction of 0.68 per cent compared […]