Nigerian Singer Madrina Speaks on Economic Crisis and Fuel Subsidy Removal Nigerian singer Cynthia Morgan, now known as Madrina, has voiced her concerns over the worsening economic crisis in Nigeria. In a recent TikTok video, she urged President Bola Ahmed Tinubu to take urgent steps to mitigate the hardship caused by the removal of the […]
The New Partnership for Africa’s Development Business Group Nigeria (NBGN) has embarked on a strategic rebranding initiative aimed at accelerating Nigeria’s economic development and fostering sustainable business growth. NBGN’s Renewed Commitment to Economic Development In a statement released to Vanguard, Bashorun Randle, Chairman of NBGN, highlighted the organization’s longstanding role in promoting economic advancement, regional […]
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The Central Bank of Nigeria (CBN) has officially appointed 16 new directors to oversee critical departments, effective March 3. This strategic move aims to enhance the bank’s regulatory, supervisory, and policy-driven functions, ensuring improved efficiency in the nation’s financial system. CBN’s Newly Appointed Directors and Their Departments The newly appointed directors and their respective departments […]
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Telecom Employees Union Criticizes 50% Telecom Tariff Increase The National Union of Postal and Telecommunication Employees (NUPTE) has strongly condemned the recent 50% hike in telecom tariffs, expressing concerns over its negative impact on Nigerian students and the broader economy. In an official statement, NUPTE President, Comrade Buba Nehemiah, labeled the tariff increase as harmful […]
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Central banks play a pivotal role in stabilizing a nation’s currency and economy through the implementation of monetary policies. However, their actions are often misunderstood, especially during times of economic challenges. According to PwC, it is crucial for central banks to communicate their objectives clearly and effectively to foster a proper understanding and positive public […]
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Discover how the National Institute of Credit Administration (NICA) is launching the Nigeria Credit Economic Forum (NCEF) to drive a robust credit-based economy in Nigeria. The National Institute of Credit Administration (NICA), a chartered body committed to advancing Nigeria’s credit system, is set to officially unveil the Nigeria Credit Economic Forum (NCEF). This groundbreaking initiative […]
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Discover the implications of Nigeria joining BRICS, including economic growth, foreign investments, and enhanced global influence. Explore benefits and challenges in this new partnership. Nigeria has officially joined BRICS as a partner country, marking a significant milestone for one of Africa’s largest economies. This inclusion integrates Nigeria into a dynamic coalition of emerging market nations, […]
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Learn how the National Bureau of Statistics (NBS) plans to include hidden and illegal activities in Nigeria’s GDP calculations, enhancing economic accuracy and transparency. The National Bureau of Statistics (NBS) recently announced its decision to include illegal and informal activities, such as prostitution and drug trafficking, in the computation of Nigeria’s Gross Domestic Product (GDP). […]
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Vice President Kashim Shettima has assured Nigerians that brighter days are ahead, as the nation’s economy is poised for significant growth in 2025. In a statement shared via a video on X (formerly Twitter) by President Bola Tinubu’s Special Assistant on Social Media, Dada Olusegun, Shettima emphasized the government’s commitment to tackling economic challenges through […]
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President Bola Tinubu has assured Nigerians that brighter days are ahead in 2025, expressing optimism about a positive transformation for the nation in his New Year’s message. Tinubu pledged that his administration would strive to meet the aspirations of the Nigerian people while addressing the challenges that marked 2024. Reflecting on the past year, the […]
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Senate President Godswill Akpabio has drawn a stark comparison, describing Nigeria’s economic condition as akin to being on “life support” when President Bola Tinubu assumed office in May 2023. Akpabio made this remark during his 2024 Constituency Briefing and Empowerment Programme, held at the Ikot Ekpene Township Stadium in Akwa Ibom State. As the representative […]
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The newly established Ministry of Steel Development has allocated N2.6 billion for the mobilization of Ajaokuta Steel Company Limited as part of its N24 billion total budget for 2025. This funding was presented by President Bola Tinubu to the National Assembly in the proposed budget. In addition, the Ministry has set aside N250 million for […]
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Nigeria needs a minimum of $50 billion in foreign direct investment (FDI) to curb inflation to 5% by 2025, according to Ayo Teriba, a renowned economist and CEO of Economic Associates, Lagos. In an interview on Arise TV, Teriba emphasized that increasing the nation’s net reserves would be essential for stabilizing the economy and moderating […]
