economy

  1. J

    Entertainment Buhari is the Worst President in the World – Skales

    Pop singer and song writer, Skales yesterday blasted President Buhari, calling him the worst president in the world, Vanguard reports. The “Shake Body” crooner expressed his disappointment with the President Buhari-led APC government on his Twitter page yesterday. Following the prevailing...
  2. RemmyAlex

    Politics What APC Governors Discussed With President Buhari - Okorocha

    Governor Rochas Okorocha has said that Nigeria's economy situation top agenda at the closed door session with President Muhammadu Buhari. Okorocha briefed journalists after a meeting between the party’s governors and President Muhammadu Buhari at the Presidential Villa, Abuja. He said the...
  3. RemmyAlex

    Business Recession: Saraki Backs Dangote, Recommends Sale Of Gov't Assets

    The Senate President, Dr. Bukola Saraki, has backed the business magnate, Aliko Dangote for the sale of government properties and other sources to shore up reserves in order to revive the economy. Africa's richest man, Aliko Dangote, had on Friday in an interview with CNBC Africa suggested that...
  4. RemmyAlex

    Politics Presidency Reacts to Emir Sanusi's Criticism of Buhari's Gov't

    The Presidency on Thursday has reacted to Emir of Kano, Alhaji Mohammed Sanusi's criticism of President Muhammadu Buhari's economic policies. Emir Sanusi, had on Wednesday, criticised the present administration saying the Buhari-led administration might end up like the immediate past President...
  5. RemmyAlex

    Politics Nigeria Was On Stretcher When Jonathan Handed Over – Gov. Badaru

    Governor Mohammed Badaru Abubakar of Jigawa State explains why the economic policies of President Buhari must be supported by Nigerians. Governor Badaru in an interview with DailyTrust newspaper, said: “by 2015, the country’s economy was on life support and was literally handed over to the APC...
  6. RemmyAlex

    Business South Africa's Top Hotel, Sun International Exits Nigeria

    South African hotel and gaming group, Sun International said on Monday it had decided to exit Nigeria due to weak economic growth and clashes with regulators in the West African country. “The Board has decided to exit Nigeria and steps will be taken to achieve this in a manner that does not...
  7. RemmyAlex

    Business Recession: Popular Business Woman, Olubunmi Uko Drops Suicide Note, Disappears

    Olubunmi Uko, a businesswoman reportedly walked out of her home last Friday evening with her last child, identified as Seun after leaving a suicide note, was still unknown at press time According to Vanguard, she had complained to a relative that her business had gone bad due to the exchange...
  8. RemmyAlex

    Business Nigerians Should Buckle Up, Recession Will Last For Another 15 months – Cleric

    The General Overseer of God’s Mercy Revival Ministries (GOMERM), Dr. James Akanbi, has advised Nigerians to buckle up for tougher times ahead, as the ongoing recession will worsen for another 15 months. Akanbi, who spoke last Sunday after the church’s yearly power conference, held at its camp...
  9. RemmyAlex

    Business Nigeria Will Bounce Back As Largest Economy in Africa - Udoma

    The Federal Government has stated that the country would soon bounce back as the largest economy as been holding the position until South Africa displaced her. Using the Gross Domestic Product at the end of 2015, published by the International Monetary Fund, the size of South Africa’s economy...
  10. RemmyAlex

    Business FG Set to Train 100,000 Graduates As Extension Workers in Farms - Osinbajo

    The Federal Government will train 100,000 graduates as extension workers out of the 500,000 graduates to be engaged as teachers. Vice President, Prof. Yemi Osinbajo made the declaration while launching the agricultural sector roadmap entitled: “The Green Alternative: Agriculture Promotion...
  11. RemmyAlex

    Business Primate Ayodele Advises President Buhari On How To Revamp Economy

    Primate Elijah Ayodele of Inri Evangelical Spiritual Church, Lagos has urged President Muhammed Buhari to form a new economic team, in order to revamp the ailing nation's economy. The prophet in a chat with journalists on 2016/2017 predictions to the nation said: “President Buhari must appoint...
  12. RemmyAlex

    Business Osinbajo: How We Plan To Get Out Of Economic Mess

    The Federal Government is planning to tax 700,000 more companies as part of efforts to increase non-oil revenue and addresss the economic mess facing Nigeria Vice-President Yemi Osinbajo said this on Thursday during the 2016 Presidential Policy Dialogue Session, organised by the Lagos Chamber...
  13. RemmyAlex

    Business Nigeria Economy Bleeds As 4 Giant Companies Lose N51.86Bn

    With four major blue-chip companies losing as much as N51.86 billion in the first half of 2016, the lot of the manufacturing sector is getting bleaker and the economy of the nation is in sham. Firms in Nigeria continue to grapple with input cost pressure and weak consumer purchasing power...
  14. RemmyAlex

    Business Nigerian Naira Slides To All Time Low As CBN Monetary Policy Committee Meets

    The naira has hit yet new record lows this morning as the currency continues to slide as the 251st edition of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) underway. The Nigerian currency has dropped a further 1 per cent against the greenback this morning to a new...
  15. RemmyAlex

    Business Nigeria Is Second Largest Market For Generator Driven Economy In Africa

    Data on Genset Import/Export Trade from United Nations Statistics Division, shows Nigeria is the second largest market for generator driven economy in Africa with manufacturers of generators, the ilk of General Electric, Cummins, FG .Wilsons; Siemens, and other major power firms, brought into...
  16. RemmyAlex

    Business Naira Watch: Tracking Nigeria's Currency [Day 11]

    Nigerian Naira, Monday fell against the dollar, trading at 282.33 to a US dollar, eleven official business day after the Central Bank of Nigeria removed peg on the country's currency rate. The new foreign exchange policy has been greeted with various criticism despite Central Bank of Nigeria...
  17. RemmyAlex

    Business Nigeria's Economy Bleeds, Formally Slides Into Recession

    The Central Bank of Nigeria (CBN) on Friday reported that economic activities declined faster in June, confirming that the nation’s economy formally entered into recession in the second quarter of the year. Economic recession is a period of general decline in economic activities and it is...
  18. Samguine

    Surviving A Challenging Economy: Get Tips From Financial Experts With Skye Pearl

    With credit rates at over 65% and inflation at its double figures, income doesn’t complement standard of living and loans have become a nightmare for entrepreneurs. So, the questions we keep piling; what investments yield higher returns? What am I not doing right? Should I change Jobs? How do I...
  19. RemmyAlex

    Politics Buhari's Ministers, Aides Stranded in Abuja, Some Consider Exit Plans

    There are strong indications that the implementation of the budget has not effectively taken off, resulting in a cash crunch in Ministries, Departments and Agencies ( MDAs) as well an atmosphere of disillusionment among government officials. According to New Telegrapg report, a number of...
  20. RemmyAlex

    Business Naira Devaluation: President Buhari Backs Flexibility of Foreign Exchange

    President Muhammadu Buhari during the nationwide broadcast this morning, in commemoration of the Democracy day through his weight behind the Central Bank of Nigeria, Monetary Policy Committee decision over the flexibility of the foreign exchange. The Central Bank of Nigeria on Tuesday...
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