President Muhammadu Buhari on Monday said the COVID-19 pandemic has resulted in trying times, not just for the Nigerian people, but also for the government. The President said the country’s revenues and foreign exchange earnings have fallen by almost 60 percent since the pandemic took hold. Buhari’s remarks were delivered by Vice President Yemi Osinbajo […]

Re-elected President of the African Development Bank, Dr Akinwumi Adesina, will be sworn-in on Tuesday, September 1, to serve a five-year term. The ceremony, according to the AfDB in a statement on Monday, will be held virtually at 9am. Dr Adesina, Nigeria’s former Minister of Agriculture and Rural Development, was re-elected last week after getting […]

Nigeria’s Gross Domestic Product (GDP) decreased by six percent in real terms in the second quarter of 2020, according to the Nigeria Bureau of Statistics. This was contained in the NBS’s GDP report published on Monday. The retreat ends a three-year trend of low but positive real growth rates recorded since the national economy emerged […]

An independent panel of experts, headed by former Irish president Mary Robinson, has cleared the beleaguered leader of the African Bank of Development (AfDB) of corruption, according to a report obtained by AFP.  Akinwumi Adesina, 60, a charismatic speaker known for his elegant suits and bow ties, became the first Nigerian to helm the AfDB in […]

Six candidates are vying to become the next head of the World Trade Organization — an institution which faced mammoth challenges even before the pandemic-driven global economic crisis struck. The window to enter the race slams shut on Wednesday, in a speeded-up contest to replace the outgoing WTO director-general Roberto Azevedo — the Brazilian career […]

President Muhammadu Buhari has set up a committee with a mandate to make a quick assessment of the impact of coronavirus on the economy. The President asked the committee to urgently evaluate the effect of the virus on the economy, especially as it affects the prices of crude oil. This comes after President Muhammadu Buhari […]

The nation’s Gross Domestic Product (GDP) has recorded a growth of 2.55 per cent (year-on-year) in real terms in the fourth quarter of 2019, the highest since the recession in 2016. This was revealed in the latest report released by the National Bureau of Statistics (NBS) and obtained by Channels Television on Monday. The figure shows an […]

Nigeria’s billionaire businessman and President/CEO of Dangote Group, Aliko Dangote, has topped Forbes Africa’s Billionaires list for 2020 for the ninth time in a row. The list according to Forbes captures only eight countries who have billionaires; Egypt and South Africa are tied with five billionaires each, followed by Nigeria with four and Morocco with two. Maintaining […]

Fresh statistics released by National Bureau Of Statistics (NBS) on Monday revealed that the bulk of capital importation into Nigeria declined by 7.7% The report shows that total value of capital importation into Nigeria stood at $5,367.56 million in 2019 third quarter (July to September). This represents a decrease of -7.78% compared to Q2 2019 […]

Business activities resumed on Monday morning on the streets of Lokoja, Kogi State capital after the gubernatorial election and Kogi West Senatorial rerun. Vehicular movements are in top gear and market men and women have returned to the street. Meanwhile, the European Union has condemned the reports of widespread incidents of violence and voter intimidation […]

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