ECONOMIC CHALLENGES: Buhari confesses, says he almost gave up

President Muhammadu Buhari has revealed that he almost abandoned his presidency because of the level of economic challenges facing the country. The president stated this on Thursday when he received the Executive Course 38 participants of the National Institute of Policy and Strategic Studies, NIPSS, Kuru, at the Presidential Villa, Abuja. According to him, shortly…

Senate Seeks More IMF Support To Tackle Economic Challenges

The Deputy President of the Senate, Senator Ike Ekweremadu, has solicited more support and closer partnership with the International Monetary Fund, IMF, in Nigeria’s efforts to address her economic challenges. This was made known in a press release made available to the media by the Special Adviser (Media) to Deputy President of the Senate, Uche Anichukwu…

APC crisis caused by race for 2019, Dalung says

The race for the 2019 election has been fngered as the root cause of the current cristis rocking the All Progressives Congress, APC. This was stated by the Minister of Sports, Solomon Dalung while speaking with reporters at the national secretariat of the APC in Abuja on Thursday. Dalung also said the current economic downturn…

Though in recession, Nigeria pays $54m ECOWAS levy

Notwithstanding the biting economic reality occasioned by the current recession in the country, Nigeria has doled out a whooping  $54 million as part payment of its community levy to the Economic Community of West African States, ECOWAS for 2015. This was disclosed by ECOWAS Commissioner for Finance, Mr Allieu Sesay, on Tuesday at the Second…

All You Need To know On News Summary; 27/9/2016. FCT to Improve Education Sector, Countdown to Edo Governorship Election

President Buhari Receives the AFDB President President Muhammadu Buhari has expressed confidence in the ability of Nigeria to surmount her economic challenges given the abundant human and material resources bestowed on the country by God. Speaking at an audience with the president of the African development bank Dr Akinwumi Adesina, the president was emphatic that…

NLC to Buhari: Nigerians are losing hope in your leadership

The Nigeria Labour Congress, NLC, has called on President Muhammadu Buhari to provide the kind of leadership that will restore hope and assuage the feeling of despair and sufferings of Nigerians. According to the Joe Ajaero faction of the labour union, Nigerians are beginning to feel that the Federal Government does not have the capacity…

UK to help Nigeria overcome economic, security challenges

The United Kingdom will assist Nigeria to overcome its current economic and security challenges, the British Minister for International Development, James Wharton, has said. Wharton told the News Agency of Nigeria (NAN) in Abuja he was in Nigeria to assess some of the definite challenges. According to him, Nigeria despite the challenges has great potential…

Nigerians want world leaders to prioritise Africa’s development

2016 G20 Summit to hold in China Some Nigerians have appealed to world leaders attending the forthcoming G20 summit in China to consider the development of Africa as a priority in the interest of global peace. They made the appeal in separate interviews with the News Agency of Nigeria (NAN) in Abuja on Saturday. Sunday…

UK to help Nigeria overcome economic, security challenges

James Wharton, UK Minister for International Development. The United Kingdom will assist Nigeria to overcome its current economic and security challenges, UK Minister for International Development, James Wharton, has said. Wharton told the News Agency of Nigeria (NAN) in an interview in Abuja that he was in Nigeria to assess some of the definite challenges….

Soludo and Sanusi

The statistics as regards the health of the Nigerian economy are grim.But there was absolutely nothing new or novel in the figures and facts reeled out by Professor Charles Soludo, former Governor of the Central Bank of Nigeria (CBN) at a lecture this week at the fourth Progressives Governors lecture series in Kaduna. According to…

Wema Bank’s winning model

After spending six years as a regional bank, Wema Bank Plc has stepped up to compete at the national level, and not even the current economic crisis can stop it from winning, it seems. In 1945, as the Second World War grinded to a bitter halt and much of the world struggled with momentous human…

Blame the political class for economic recession – Makarfi

The Caretaker Committee Chairman of the Peoples Democratic Party, PDP, Sen Ahmed Makarfi, has said the political class should be blamed for the country’s current economic challenges. Addressing reporters in Kaduna, Makarfi noted that this is not the right time to play politics, stressing that Nigerians should come together to salvage the country’s economy. According…