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Economy

It’s always about the economy, stupid…

Coronavirus Pandemic

COVID-19: Nigerian Government To Inject N2 Trillion Into Economy

Wires Editor | The Trent -
With the coronavirus pandemic rapidly ravaging the global economy, the federal government is planning to inject N2 trillion as an intervention in the economy,...
Business

Valentine Ozigbo Advocates Fresh And Bold Ideas To Survive The COVID-19 Depression

Okechukwu Nwokoye | Sub Editor -
Valentine Ozigbo, a Nigerian business mogul and philanthropist, has called for fresh and bold ideas to advance the economy and enhance shared prosperity against...
Economy

Inequality: Sokoto Leads As Statistics Bureau Declares 82.9 Million Poor Nigerians

Doyin Ajayi | Sub-Editor -
The National Bureau of Statistics, NBS, says more than 82.9 million Nigerians are poor by national standards. The NBS made this known in its report...
Economy

Nigeria: Central Bank Resumes Sale Of FOREX For SMEs, School Fees

Salisu Sulaimon | Sub-Editor -
The Central Bank of Nigeria, CBN, says it has resumed the provision of foreign exchange to commercial banks for onward sales to small and medium enterprises,...
Business

Nigeria: Power Generation Dips To 1,601Mw Despite N200 Billion Released To Gas Suppliers

Ebenezer Olatunji | News Reporter -
Power generation of the Nigeria Electricity Supply Industry, NESI, at 06:00 hour on Wednesday, April 29, 2020, dipped to 1,601mw despite the Nigerian National...
Economy

‘Usual Conditionalities’: IMF Explains Details Of Granting Nigeria Controversial $3.4 Billion Loan

Abdul Jummai | Politics Reporter -
The $3.4 billion emergency funding for Nigeria on Tuesday, April 28, 2020, by the International Monetary Fund, IMF, is a repayable loan approved to...
Coronavirus Pandemic

How Nigeria Secured An Emergency ‘COVID-19’ $3.4 Billion Loan From IMF (DETAILS)

Manny Akpan | Business & Economy Editor -
Details emerged on Wednesday, April 29, 2020, about the case the Nigerian government made to secure the approval of the Executive Board of the International...
Economy

Buhari Gov’t To Borrow N1.59 Trillion From Nigerian Economy To Fund Budget 2020

Agency Reports -
The Federal Government will now borrow N1.59 trillion from the domestic market to fund the Budget 2020, instead of the N794.99 billion earlier contained...
Business

Nigerian Banks Face Risks Due To Falling Oil Prices

Amarachi Ishola | Sub-Editor -
The global oil crisis triggered by the COVID-19 pandemic has resulted in a crash in crude oil prices, which in turn poses a risk...
Economy

Nigerians Call For Restructuring As COVID-19 Batters Economy

Wires Editor | The Trent -
Some Nigerians on Friday, April 24, 2020, intensified calls for the political and economic restructuring of the country, citing the devastating financial impact of...
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