Wednesday, January 16, 2019
Economy

Economy

Read the latest Economy news from Nigeria and Africa

Agriculture Minister Suggests Cassava as the Rescue Option for the Nigerian Economy

Cassava is a crop which depends on the stem for its propagation, but the yield comes from the root as tuber. And cassava tuber are used in making some local food commodities, which are...

Lekki $450 Million International Airport Plans Snubbed by Investors

After a promising good start to the construction of an international airport in Lekki, thick grass and trees have overwhelmed the three thousand hectares of land stipulated for the project. The project has been abandoned for...

Corruption Won’t Be Accepted in My Administration – Buhari

Nigeria's President Muhammadu Buhari has reiterated that his war against corruption in the country won't be compromised regardless of any pressure that may arise. He gave this statement through his Special Adviser on Media and...

Eko Atlantic City “Nigeria’s Tourist Heaven” 

Nigeria is looking to diversify its economy away from oil. The federal government plans to build Eko Atlantic City as part of the diversification process. Minister of Information and Culture, Alhaji Lai Mohammed, has said...

President Buhari, Goodluck Jonathan, Dr. Okonjo-Iweala, and N30 Trillion Gone “Missing”

Due to high level of maturity exhibited by former President Goodluck Ebele Jonathan during Nigeria's last presidential campaign, President Muhammadu Buhari vowed not to probe him for any financial misgivings while executing his plans to...

Naira Stable but Only for the Short-Term; Learn Why

The depreciation of the naira is unlikely in the next coming months. Shortly after the fall and rise of the nations's currency The Central Bank of Nigeria's Governor Godwin Emefiele committed to "currency stability."...

Nigeria’s Downward Spiral – On the Brink of Recession

By Chris Stein Nigeria’s central bank governors are meeting amid a gloomy financial outlook for Africa’s largest economy. Numbers released last week show the country's economy contracting. Economists blame a shortage of fuel, persistent power...

Nigerian Business Outlook for the Week

#Brexit is also having its toll on the Nigerian market because it has triggered negative sentiments among investors. The stock market is still volatile and people do not know where the pendulum will swing before...

Nigeria Focuses in on “Solar Farming” to Boost the Economy

Farmers in North America are harvesting a different crop as of late - sunshine. Many farmers in America and Asia tend to use long, flat, and treeless plain to extract solar energy with the use of...

Nigerian Business News – Week in Review

The introduction of the new foreign exchange market by the Central Bank of Nigeria has brought a change in the Nigerian financial market. Herein are details and highlights in the business sector for this week. Naira crashes...

Latest Nigerian News

Nigeria @ 56: Economic Recession Won’t Last For Long, Buhari Appeals...

President Muhammadu Buhari has assured Nigerians that his administration would find a lasting solution to the economic recession. Buhari made this known during his Independence...