News

The International Monetary Fund has said that most industrial policies rely heavily on costly subsidies or tax breaks, which could be detrimental to productivity and welfare if not effectively targeted....

The World Bank has said that the lower-than-average growth in Nigeria will hold back the sub-region’s economic performance. The Washington-based lender in a report on the economic outlook of Western...

Nigeria’s crude oil production witnessed the second consecutive monthly decline since the beginning of this year, as it dropped to 1.231 million barrels per day in March, the Organisation of...

The Federal Government has indicated its intention to impose an average toll fee of N3,000 per toll gate for vehicles utilizing the Lagos-Calabar coastal road upon completion. This figure was...

According to the World Trade Organization (WTO), Africa is poised to experience the fastest export growth rate globally in 2024, projected at 5.3%, surpassing other regions. The report highlights that...

The federal government is set to offer subsidies to developers and operators of solar mini-grids in underserved areas across Nigeria. This initiative will be facilitated through a $750 million loan...

The Federal Government’s total debt stock may experience a significant increase from N87.3tn (as of December 2023) to N111.4tn, following fresh borrowings in the first quarter of 2024. According to...

The International Monetary Fund has said that countries across the world must prioritise productivity reforms to revive medium-term growth. In a piece on its website on Wednesday, the IMF stated...

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mr Mele Kyari, has reiterated the crucial role of natural gas in fuelling economic growth and industrial development....

Alhaji Aliko Dangote, Chairman of the Dangote Group, has expressed optimism that the significant reduction in diesel price to N1,200 will positively impact inflation in Nigeria. During a briefing with...