Vice President Kashim Shettima has stated that Nigeria cannot dream of meaningful national economic development without addressing the power sector crisis and ensuring Nigerians have access to electricity and other affordable energy. Shettima therefore urged leaders in the country to…
Nigeria to tap into $200bn Hydrogen Economy — Minister
The federal government said it has begun moves for the country to tap from the global hydrogen economy which is projected to grow exponentially to over $200 billion by 2030. Speaking at the inaugural conference on the hydrogen economy held…
CBN’s renewed focus on diaspora remittances: Ki ni big deal? – Toni Kan
My friend, Paul, is Jamaican. He has a strong Jamaican twang that sometimes leaves me wondering what he is saying. Paul and I met at our local pub in London and bonded over our mutual love for crossword puzzles. When…
Multichoice blames Nigeria’s economy for decline in DStv subscribers
African Pay-TV operator, Multichoice Group, has blamed Nigeria’s economy as DStv active subscribers in the country declined by 18 per cent. The company stated this on Wednesday in its financial result for the year, which ended March 31, 2024. It…
Oil alone won’t secure Nigeria’s future – Sanusi Lamido
The 14th Emir of Kano and former Governor of the Central Bank of Nigeria, Sanusi Lamido, has called for the diversification of Nigeria’s economy to achieve optimal growth and development. The ex-CBN governor noted that while Nigeria has continued to…
Lagos stands by workers’ demand for pay rise — Sanwo-Olu
Lagos State Governor, Babajide Sanwo-Olu, has expressed solidarity with Nigerian workers’ over the demand for wage increase, saying, his administration would continue to prioritize welfare and prosperity of workforce in the state. Sanwo-Olu stated this on Wednesday, while addressing workers…
Nigeria’s economy looking good, Tinubu reassures
President Bola Tinubu has said despite some of the challenges Nigerians are facing in his administration, Nigeria’s economy looks good promising to bring down the ballooning inflation level affecting the exchange rates. Since assuming office in late May, Tinubu’s government…
EFCC defends arrest of suspected food smugglers
The Economic and Financial Crimes Commission (EFCC) has justified the interception and arrest of 21 trucks loaded with food items allegedly being smuggled to neighbouring countries, describing it as economic sabotage. The justification was made in Abuja on Wednesday, March…
ECOWAS leaders meet in Abuja over political, economic development
ECOWAS leaders are currently meeting in Abuja to discuss political and economic issues concerning the sub-region. The News Agency of Nigeria (NAN) reports that the leaders would examine ways to address the pulling out of the bloc by Mali, Burkina…
Recession in Japan makes Germany third largest economy
Germany overtook Japan as the world’s third-biggest economy, official data showed on Thursday, as fresh figures from Tokyo showed Japan’s economy slipping into a recession. Japan’s nominal gross domestic product (GDP) for 2023 stood at $4.2 trillion in dollar terms, government…