Breaking News
Home / Economy


State of Nigeria, African and global economies

Why Nigeria fails to achieve economic buoyancy – Dr. Shamsuddeen Usman

The former Minister of National planning, Dr. Shamsuddeen Usman has said that unless there is strong political and legislative support to government’s policies and initiatives, Nigeria’s quest for economic buoyancy, national growth and sustainable development would remain a mirage. Dr. Shamsuddeen made the disclosure in Kano on Thursday while delivering a paper titled “Public Private …

Read More »

Nigeria’s economic reform plan not good enough – IMF

The International Monetary Fund, IMF, is not satisfied with the Nigerian government’s economic reform efforts, a new report has shown. Reuters news agency reports that the development could delay talks over $1.4 billion in international loans. According to a 68-page IMF report obtained by Reuters, the Washington-based fund will urge …

Read More »

Nigerians To Show Evidence Of Income Tax Payment Before Getting Passport

The Executive Chairman of the Federal Inland Revenue Service, FIRS, on Monday said soon, Nigerians might begin to show evidence of tax payment before obtaining their passports. Tunde Fowler said this at the 136th meeting of the Joint Tax Board which had the theme: “Increased Inter-Agency Co-operation to Enhance Tax …

Read More »

Niger Republic To Supply Crude To Kaduna Refinery – Dr. Maikanti Baru

The Group Managing Director, (GMD)Nigerian National Petroleum Cooperation (NNPC), Dr. Maikanti Bary, on Friday said the Federal Government will build 1,000 kilometres of pipeline from Agadam Niger Republic, to supply crude oil to Kaduna refinery. The GMD made the disclosure to newsmen during a visit to the Kaduna Refinery Petrochemical …

Read More »

Kaduna Refinery Begins Production At 68% Capacity – NNPC

Hope that the scarcity of fuel in many parts of the country will disappear in few days’ time emerged yesterday, as the Kaduna Refining and Petrochemical Company (KRPC) has commenced production with 68 per cent of its installed capacity. Announcing the resumption of production at the KRPC plant yesterday, General …

Read More »

Buhari To Attend Africa-Arab Summit

President Muhammadu Buhari is to attend the 4th Africa-Arab Summit in Malabo, Equatorial Guinea holding on Nov. 23. Mr Femi Adesina, the President’s Special Adviser on Media and Publicity, said in Abuja on Monday the summit would be attended by Heads of State and Governments from Gulf and African countries. …

Read More »

Nigeria Experiences Steady Growth In Non-Oil Sector

National Bureau of Statistics, NBS, has released the third Quarter GDP figures of the Nigerian economy. The report reveals a consistent growth in Agric and Solid Mineral sectors, indicating the success of the Buhari administration’s economic policies even though overall economy is still in recession. This is disclosed in a …

Read More »

Nigerian Government To Extend International Passport Validity To 10 Years

The Buhari administration is considering extending validity period for international passports from its current five to 10 years, the Comptroller-General of Nigeria Immigration Service has said. Muhammad Babandede told reporters in his office on Saturday that Nigerians should expect an announcement on the policy changes in the coming months. “We …

Read More »