Grace Alabi

Nigeria Must Embrace Modern Agricultural Practice To Recover Her Economy-Alabi

As Nigeria considers diversifying her economy from oil and gas, it has become obvious that agriculture must be given priority once again. In this interview with DAYO EMMANUEL, a young farmer, trainer and final year student of the Federal University of Agriculture (FUNAB) Abeokuta, Ogun State, Grace Alabi advises Nigerian farmers to shun old ways […]

Commercial farming

Diversifying Nigerian Economy Via Agriculture

In the beginning Before the discovery of oil in commercial quantity in 1956, the Nigerian economy had thrived on proceeds from agriculture. The Western Nigeria then particularly achieved a lot from her earnings from agriculture which development included the building of the famous cocoa house in Ibadan which was built as the tallest building in […]

African Economy Suffers Less Despite COVID-19 -Winkler, Editor Emeritus, Bloomberg News

Editor-in-chief Emeritus of Bloomberg News, Matthew Winkler has said that the African economy has suffered less than the world economy despite the COVID-19 pandemic. Winkler made this known Tuesday during his presentation at a webinar organised by Bloomberg Media Initiative for Africa (BMIA) for its Alumni groups across Africa. During the webinar that attracted participants […]

Boyede

Saving 38 Nigerian Non-Oil Export Companies From Imminent Death

One of the sad realities of Nigeria’s economy today is that it still remains a mono-economy depending on crude oil as its mainstay. That has been the albatross hanging on our neck as a nation from the time oil was discovered in Oloibiri, Bayelsa State in 1956. This reality has however made governments over the years to introduce programmes and policy […]

Nigerian Border Closure Didn’t Harm Benin Economy–IMF

Economic performance of The Republic of Benin remains strong despite a less supportive external environment and the border closure with Nigeria, the International Monetary Fund has said. The Brenton Woods institutions made this known on Friday after its Executive Board’s Fifth Review Under the Extended Credit Facility Arrangement with that country. Though Benin’s real GDP […]

Buhari

Nigerian Economy Looking Good, Says Buhari

President Muhammadu Buhari on Thursday said Nigerian economy under his watch was looking good. He, however, promised his administration’s commitment to making it better. According to a statement by his Special Adviser on Media and Publicity, Mr. Femi Adesina, the President spoke while receiving the new Ambassador of the Kingdom of Denmark to Nigeria, Mr. […]

Nigeria Economic Growth Good For U.S.Businesses-Consul General

The growth and development of the nation’s economy are something good for both Nigerian and American businesses and the United States will continue to support Africa’s largest economy in finding new avenues for growth,Consul General,John Bray, has said. Bray said this on Monday during the Closing Gong Ceremony of the Nigerian Stock Exchange (NSE) where […]

Economy: Buhari meets CBN Governor, Finance, Budget ministers

For about two hours Monday, President Muhammadu Buhari met with the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, Finance Minister Mrs. Kemi Adeosun and her Budget & National Planning counterpart, Senator Udoma Udo Udoma. Their discussion centered on the state of the economy, including the implementation of this year’s Appropriation Act and preparation for […]

Senate: 28-30% Interest Rate Hurting SMEs, Economy

The Senate has lamented that the current regime of high interest rates; between 28-30 per cent for the private sector, have continued to place a major burden on business investments, thereby negatively impacting the survival of Nigerian businesses. The Senate noted further that only about three per cent of Small and Medium Scale Enterprises (SMEs) […]

Nigerian economy to turn around in 2nd quarter?

Some financial experts have expressed optimism that there would be increased liquidity in the capital market in the second quarter of this year. They said in Lagos on Wednesday that the sustained economic recovery measures of the Federal Government would impact positively on the market this quarter. Dr Uche Uwaleke, the Head of Banking and […]