Tag Archives: Economy

In a recent interview, Modupe Adedoyin James, the Finance and Admin Manager at the Mikada Group of Companies, shared profound insights into the intricate workings of Nigeria’s financial landscape. As a distinguished fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a member of the Chartered Institute of Taxation of Nigeria (CITN), James stands as a prominent figure …

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No doubt Nigerian youths are among the most inventive and innovative on the planet. However, many of these ideas are wasting away daily even in the face of the need for innovations to transform the Nigerian economy. Project Scinovate is a project broken into stages, which includes a reality show, to bridge this gap by harvesting scientific invention, innovations and …

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…calls for restructuring businesses  in pandemic era  University of Lagos Professor of Business Administration, Sulaimon Abdul-Hameed Adeola, has noted  that with the latest World Bank report on Nigeria, which stated that 7.5 million people in Nigeria, the country has slided into extreme poverty in the last one year. He noted that, Nigeria is rated as almost the poverty capital of the …

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In order to further strengthen the economy of Kogi State, North Central Nigeria, the state government has constituted an Economic and Advisory Council (EAC) to work with the government on deliberate economic planning. Ambassador Olusiji Godwin Aina is to work as Alternate Chairman of the council. In a statement released by the Commissioner of Information, and Communications, Mr. Kingsley Fanwo, …

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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 of practicing agriculture. Alabi, founder …

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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 the defunct western region. The …

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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 from across Africa for journalists …

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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 instruments that would help enhance non-oil …

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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 is expected to slow down …

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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. Jesper Kamp, at the Presidential …

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