President Buhari Inherited Bad Economy, Soludo Says

Professor Charles Soludo, a former Governor of the Central Bank of Nigeria (CBN), has said that the present government inherited a bad economy. “To be fair, this government inherited a bad economy,” Soludo said at an economic talk shop, organised by the Vanguard newspapers. “The previous government had an unprecedented rate of debt accumulation, even…

FG Packaging Urgent Relief For Poultry Industry, Says Ag. President

In his second meeting with representatives of the poultry industry in a week, Acting President Yemi Osinbajo, SAN, is leading an urgent effort by the Federal Government to address challenges in the agricultural sub-sector and thereby offer relief measures to the ailing industry. The poultry industry has had to contend with a number of challenges…

Recession: Ekweremadu Tasks Chambers of Commerce to Proffer Solutions

Deputy Senate, Ike Ekweremadu On Recession Solutions Uche Anichukwu, Enugu; The Deputy President of the Senate, Senator Ike Ekweremadu, has tasked the Chambers of Commerce, Industry, Mines and Agriculture in the country to look inwards and come out with innovations that will help move the country out of the present economic recession. This was even as…

Med-View Airlines berths at Stock Exchange

Med-View Airlines Plc on Tuesday listed its shares on the Nigerian Stock Exchange (NSE), returning the airlines to the stock market after two previous quoted airlines-Al Barka Air and Aviation Development Company (ADC) were delisted for poor performance. But Med-View Airlines said its listing would lead to growth, projecting profit of N4.3 billion and turnover…

Economic Turnaround Possible Only If…

By Atedo Peterside As part of their 14th Daily Trust Dialogue, the management of Daily Trust requested a presentation from me on “BEYOND RECESSION: TOWARDS A RESILIENT ECONOMY”. My focus will be on “Towards a resilient economy”, because virtually all the actions and policies that are required to help build a resilient economy are the…

World Bank says Nigeria may exit recession in 2017, but …

The World Bank is optimistic that Nigeria may exit economic recession this year, 2017. The bank however stated that it is not yet ready to grant the country the loan facilities, which it has requested. The statistics depicting Nigeria’s projected growth is contained in a report of the bank released on Wednesday, which included review…

Full Speech of President Buhari on Oil Price, Pipeline Vandalisation and GDP Rates

*Says FG has opened several channels of communication with relevant Niger Delta groups *Clean-up of the region starting with Ogoni is an irrevocable commitment SPEECH BY HIS EXCELLENCY, PRESIDENT MUHAMMADU BUHARI, GCFR, DELIVERED BY HIS EXCELLENCY, VICE PRESIDENT, PROF. YEMI OSINBAJO, SAN, GCON AT THE GRADUATION CEREMONY OF THE SENIOR EXECUTIVE COURSE 38 OF THE…

Nigeria Reclaims Biggest African Economy Title

The biggest economy on the continent is once again Nigeria. According to data released by the International Monetary Fund (IMF), Nigeria has once again reclaimed top spot, booting South Africa’s economy to Africa’s second largest. South Africa had reclaimed the position it initially lost in 2014 after Nigeria rebased its economy. The data now reveals…