Economy Archives - Page 8 of 17

Balancing our population and our economy – Emeka Oparah

May 11, 2020

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By Emeka Oparah As someone familiar with the fast-moving consumer good business, I get to see some demographics about Nigeria that are, at the same time, scary and inspiring. Nigeria is today made up of about 60% youth population. This is ordinarily a wonderful position compared to the ageing populations across most of Europe. Nigeria’s…

TNG tips on how to survive economic stress in a lockdown economy

May 10, 2020

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Emman Ovuakporie

in Lifestyle, Nigeria

As it is today, the middle class in Nigeria died in the 1980s when a teacher or a police sergeant can boastfully say I am a middle class Nigerian. Today what we have is the lower class and upper class Nigerians and the latest coinage of the vulnerable class. But in a situation like this…

Covid-19 crisis: Reduce interest rate now, Tinubu tells Buhari

May 3, 2020

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Femi Ajasa

in Nigeria, Top Story

The national leader of the All Progressives Congress, APC, Bola Tinubu, has advised President Muhammadu Buhari on how he can reduce the suffering of Nigerians and save the economy currently being threatened by the outbreak of coronavirus. Tinubu, in a lengthy statement he signed and made available to journalists Sunday afternoon, noted that high-interest rates…

COVID-19: Buhari appoints Osinbajo as Chairman, Economic Sustainability Committee

Mar 30, 2020

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Femi Ajasa

in Nigeria

President Muhammadu Buhari has set up an Economic Sustainability Committee with Vice President Yemi Osinbajo as chairman. He has also okayed financial services providers to operate during the restriction on movements and activities that he imposed on Abuja, Lagos and Ogun States to curtail the spread of coronavirus (COVID-19). The Chairman of the Presidential Task…

Coronavirus: CBN to inject N1tr into economy

Mar 19, 2020

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Olaotan Falade

in Business News, News, Nigeria, Trending

The Central Bank of Nigeria (CBN) on Wednesday announced its decision to increase intervention in local manufacturing and import substitution sector by injecting N1 trillion across all critical sectors of the economy. The CBN Governor, Godwin Emefiele, who broke the news in Abuja, said the capital injection came two days after the banking sector regulator…

Buhari vows to explore all options in protecting Nigeria amid Coronavirus threats

Mar 18, 2020

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Femi Ajasa

in Nigeria, Top Story

Nigeria has foreseen the economic problems that may come in the wake of the Covid-19 pandemic, and will explore all alternatives to protect her people, President Muhammadu Buhari has said. The President spoke Tuesday at State House, Abuja, during a briefing session by the Presidential Economic Advisory Council (PEAC) led by Doyin Salami. With oil…

Coronavirus: Nigeria’s Economy Will Suffer Significant Impact – IMF

Mar 14, 2020

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Olaotan Falade

in Business News, News, Nigeria, Trending

The International Monetary Fund (IMF) has said the deadly coronavirus, which has caused prices of crude oil to significantly decline at the market this year, will have a huge negative impact on the economy of Nigeria, the largest in Africa. At a media briefing in Washington, USA on Thursday, Mr Gerry Rice of the Communications…

TNG Review: People, policies that shaped Nigeria’s economy in 2019

Dec 31, 2019

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Olaotan Falade

in Business News, Nigeria

With the year 2020 just a matter of hours away, Nigeria like other countries around the world is gradually counting its gains and losses in the outgoing year, 2019. While it can be said that the country barely made any appreciable progress economically, however, going forward, the challenges of a struggling economy still stares us…

Nigeria’s economy attracted $5.8b in Q2 – NBS

Sep 6, 2019

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Olaotan Falade

in Business News, Nigeria

According to analysis from the capital importation report released on Thursday by the National Bureau of Statistics (NBS), the value of capital inflow into the Nigeria economy stood at $5.82 billion in the second quarter of this year. The data, supplied administratively by the Central Bank of Nigeria (CBN), verified and validated by the NBS,…

FG committed to knowledge-driven economy – Osinbajo

Jul 6, 2019

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Bayo Millz

in News

Vice-President Yemi Osinbajo on Friday said the development of human capital was key to the progress and prosperity of any nation. Osinbajo made the remark in Lagos while speaking at the “40th Anniversary Re-Union Symposium’’ organised by the 1979 Economics Class of Obafemi Awolowo University, Ile-Ife. The News Agency of Nigeria (NAN) reports that the…

Tag: Economy