By Ubah Jeremiah Ifeanyi The Nigerian economy is facing a massive foreign exchange crisis and the rate of depreciation of the naira has sparked serious concern among citizens. Since the Central Bank of Nigeria (CBN) banned sales of foreign exchange to Bureau de Change (BDC) operators, we have seen the parallel market exchange rate depreciate…
Nigeria’s former finance minister and a former managing director of the World Bank, Dr Ngozi Okonjo-Iweala has emerged as the Director-General of the World Trade Organization (WTO). Okonjo-Iweala broke the record of emerging as the first African and the first female to attain the position of DG of WTO by emerging as the finalist after…
A developmental expert and the co-Founder/ CEO of Development Nigeria, Mr. Michael Ale has tasked the Nigerian government to domesticate strategies that is adapted to local need to achieve 2030 economic development goal of United Nation’s Sustainable Development Goal (SDG). Ale stated this while speaking with NTA crew in an interview which was aired on…
A development expert, Michael Ale has advised Nigerian government on need to adopt knowledge based policies to address the aftermate effects of COVID-19 on the nation’s economy. Ale while speaking recently on an NTA program, Weekend Deal, he said in order to enhance a sustainable development in the country, the government must understand the concept…
The Central Bank of Nigeria (CBN) has alerted the general public of a fake account posing as that of it’s Director, Development Finance Department, Mr Philip Yila Yusuf. The institution described all information and operation linked to the handle, @YusufPhilipYila to be fraudulent. Its Director of Corporate Communications, Mr Isaac Okorafor, raised this alert in…
At least 39.4 million Nigerians are likely to lose their jobs by the end of the year 2020, if the government “fails to take prompt preemptive measures.” Vice President, Yemi Osinbajo has said. Osinbajo made this known while presenting the post COVID-19 Economic Sustainability Plan to President Muhammadu Buhari at the Presidential Villa, Abuja, on…
The Federal honourable representing Ibadan North Federal Constituency at the National Assembly, Hon. Prince Akinremi Jagaban has tasked the Federal and Oyo State governments to store foods as proactive measure against looming economic recession which maybe occasioned by the present COVID-19 pandemic ravaging world. The honourable member stated this in a statement made available to…
Nigeria’s Gross Domestic Product has grown by 2.28 per cent in the third quarter of 2019, the National Bureau of Statistics has said. In its quarterly report, NBS said that the figure was better than 2.12% (revised from 1.94%) in the second quarter of 2019 and the third quarter of 2018, in the year-on-year analysis….
Two months and a few days after Nigerian President, Muhammadu Buhari’s closure of land borders, all major markets and stores in Sokoto still flooded with foreign rice. It was revealed by Nigerian Tribune that despite the closure and a ban on foreign rice by the President Buhari led federal government, scores of imported rice are…
President Muhammadu Buhari on Thursday said in Riyadh, Saudi Arabia, that Nigeria is willing to mobilize additional capital from development finance institutions for the upgrade of critical infrastructure in the country, Daily Trust reports. This is even as the Federal Government has so far spent N7.9trillion in servicing various external and domestic debts in five…
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