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…
I will fight every obstacle that impedes business competitiveness in Nigeria — Tinubu
President Bola Tinubu has assured Nigerians that he will do his best to create a hub for thriving investments and a globally competitive economy. “I will fight every obstacle that impedes business competitiveness in Nigeria and I will not hesitate…
Nigeria economic crisis dampens Christmas spirit
Lining up, they receive some rice, dried beans and other basic foodstuffs, whose soaring prices have left millions in Nigeria facing a bleak Christmas. The temporary food distribution in the courtyard of the Church of the Assumption in the economic…
Nigerians will reap the rewards of our policies, says Tinubu
“Nigerians will continue to reap the rewards of our administration’s new economic reforms after the time of sacrifice needed to transform the nation.” President Bola Tinubu made this known on Thursday in Lagos at a reception in his honour by…
Germany, China to discuss climate, economy
The governments of Germany and China were scheduled to discuss further cooperation between their two countries on Tuesday in Berlin. The talks would be led by Chancellor Olaf Scholz and Premier Li Qiang. The main topic would be the fight…
UK economy returns to growth in April as consumer spending improves
The UK economy bounced back in April after it was boosted by stronger consumer spending in shopping and hospitality. UK gross domestic product (GDP) increased by 0.2 per cent for the month after a 0.3 per cent fall in March,…
On the lookout for positive change — Gbubemi Atimomo
My expectations of newly sworn-in leaders across Nigeria On May 29, 2023, amidst great anticipation, Bola Ahmed Tinubu was sworn in as president of the Federal Republic of Nigeria whilst 28 other elected officials across Nigeria were sworn in as…
