economy

How online loan sharks in Nigeria are cashing in, driving people into depression

Unemployment, inflation, and the cost of living have all risen sharply in Nigeria in recent times, and this is fuelling the rapid increase...

Twitter suspension: Another governor calls for restrain, reversal, says youths are hurting, Nigeria is hurting

“Buhari government can sign ‘rules of engagement’ with the San Francisco-based social media giant on Twitter usage in Nigeria” “What I see is...

Global economy to expand by 4 percent in 2021

…incomes likely to stay low for extended period The global economy is expected to expand 4 percent in 2021, assuming an initial COVID-19...

Recession Blues By Reuben Abati 

      “My brother, how you dey?” “What can we do?”  “E ku recession”  “Excuse me?”  “I said er ku recession…” “Are you Yoruba...

Economic crises and rising spate of protests

By Olukayode Oyeleye NIGERIA, THE LARGEST COUNTRY in Africa by population, has experienced two weeks of unbroken street protests involving the youth who...

CBN Report: Economy contracted in May, manufacturing worst hit

  The Central Bank of Nigeria (CBN) has released its report on the economy indicating that the nation’s manufacturing sector contracted. It is the...

COVID-19: N2trn stimulus to be injected into Nigeria’s economy — FG

  The Federal Government says a N2 trillion stimulus will soon be injected into the nation’s economy to cushion the effects of the...

Analysts disagree with Buhari over forex restriction for food imports

Financial analysts as well as stakeholders in the country’s agriculture sector are voicing their concern over a directive by President Muhammadu Buhari asking...

Corruption rendered Nigeria’s economy prostrate – Ndoma-Egba

[dropcap]C[/dropcap]orruption can no longer be viewed as the “victimless crime”. Corruption is a crime against humanity. Corruption has existed since time immemorial; even...

Despite IMF’s Forecast, Nigeria Economy To Grow 2.2 Per cent in 2017 Says FG

[dropcap]T[/dropcap]he federal government expects the economy to grow 2.2 percent this year, according to a strategy document cited by Reuters on Thursday. The...

Nigeria’s investment Rate Still Below Par – PwC Report

[dropcap]N[/dropcap]igeria’s economic growth remain broadly unchanged in 2015 and 2016, significantly below the country’s long-term potential, shows the PwCs  recent economic paper, Boosting...

CBN Lifts Foreign Exchange Market with $195m

By Gift Olivia Samuel, Per Second News Abuja-The Central Bank of Nigeria (CBN), on Wednesday disclosed that it intervened in various segments of...