
Nigeria Must Spend Out Of Recession: Kemi Adeosun
Finance minister Kemi Adeosun says spending on “capital and critical infrastructure” is the way for Nigeria to grow. “If we spend more on capital and critical infrastructure, we will be able to industrialize and make many more of our sectors viable,” she said in her presentation at the Daily Trust Dialogue. Her presentation centered on […]

Inflation Is Out Of CBN’s Control – Expert
Dr Olusegun Omisakin, the Head of Research, Nigerian Economic Summit Group (NESG), says rising inflation rate in the country has gone beyond the control of Central Bank of Nigeria (CBN). Omisakin made the observation on Monday in Lagos. Data released by the National Bureau of Statistics (NBS) on Jan.13 showed that December 2016 inflation rate […]

We Will Not Succumb To Blackmail, CBN Assures Nigerians
The Central Bank of Nigeria (CBN) has described the Wailing Wailer Group, using the hashtag #OccupyCBN on Twitter, as blackmailers fighting for the interest of economic saboteurs. In a statement, the apex bank’s acting Director, Corporate Communications, Mr Isaac Okorafor, said the allegations by the group were “false and fabricated”. It would be recalled that […]

NDDC Denies Alleged Diversion Of N120bn
The Niger Development Commission (NDDC) has denied allegation that it diverted N120 billion to sponsor a major political party in recent elections in Edo and Rivers. A statement issued by NDDC’s Head of Corporate Affairs, Mr Chijioke Amu-Nnadi, on Thursday in Port Harcourt, said the Niger Delta Revolutionary Crusaders (NDRC) made the allegation. Amu-Nnadi said […]

AfDB To Fund Agro-Industrial Park For North West Nigeria
The African Development Bank (AFDB) will partner with the Sokoto State Government in its plans to establish an agro-industrial park for the North West geo-political zone, its President, Dr. Akinwumi Adeshina, has said. As a starting point to the realization of the overall objective of the project, cotton production would be given priority attention in […]