Nigeria has recorded a commercial transaction of raw gold sales at the London Bullion Market Association, the Minister of Solid Minerals Development, Dele Alake disclosed on Sunday. He said the sales have delivered a $5m increase in Nigeria’s foreign reserves, 70 plus kilograms of gold refined to the London Bullion Market Good Delivery Standard and successful aggregation of locally mined …

Data from the International Monetary Fund (IMF) has shown Nigeria’s economy is expected to rise to at least $1.852 trillion in Purchasing Power Parity (PPP) terms by 2029. The IMF’s prediction shows a noteworthy growth path for the country’s economy over the next five years. The country’s GDP in PPP terms has been on the increase, projected to rise from …

The Governor of Plateau State, Caleb Mutfwang, on Monday, lamented the economic hardship being faced by Nigerians and blamed the situation on the last administration led by ex-President Muhammadu Buhari. Speaking during the swearing-in of 22 Special Advisers and heads of government agencies at the Government House in Jos, Mutfwang said Buhari left the country’s economy in terrible shape for …

The Presidency and former Vice President, Alhaji Atiku Abubakar at the weekend engaged exchange of words over the state of the economy, particularly on currency fluctuation and poverty. Atiku, who was the presidential candidate of the Peoples Democratic Party (PDP) in last year’s general elections, said that the “wrong policies of the (Bola) Tinubu administration continue to cause untold pain …

The Director General of the Nigerian Employers Consultative Association (NECA), Adewale-Smatt Oyerinde, has raised the alarm that the country’s worsening economic problems can lead to retrenchment of workers. This followed the continuous decline of the naira in the country which affected organisational activities. Recently, several companies have closed up their businesses in Nigeria, citing economic challenges as a major reason. …

Lagos State Government has been commended for its thrives on the economy and appraised for the year 2023 budget performance, reaching 78 percent attainment in the third quarter. Business experts and economists at a round-table to review the Lagos Economy in year 2023 and the outlook for year 2024, held at the Protea Hotel Select, Central Business District, Ikeja, organized …

A chieftain of the All Progressives Congress (APC) in Osun State, Hon. Olatunbosun Oyintiloye has expressed confidence in the capability of President Bola Tinubu to fix the country’s failing economy. In a chat with journalists on Sunday, in Osogbo, the state capital, Oyintiloye, who was in the now defunct APC Presidential Campaign Council, advised Nigerians to be patient and support …

Muslim leaders, under the aegis of the Supreme Council for Shari’a in Nigeria (SCSN), and Jama’atu Izalatil Bid’ah Wa’iqamatus Sunah (JIBWIS), have raised concerns over the suffering of Nigerians. According to the Muslim leaders, the suffering is further compounded by the removal of fuel subsidy and insecurity in the land. Consequently, they asked the Federal Government and the National Assembly …

The Former Vice-Chancellor of Ajayi Crowther University, Oyo, Oyo state, Professor Dapo Asalu has disclosed that for the Federal Government to stop the brain drain menace, it must fix the economy to attract the fleeing youthful population back to the country. While describing that investing over 15,000 pounds on possessing a master’s degree abroad when similar quality education is available …

President Bola Tinubu on Friday in Abuja reassured Nigerians that no stone would be left unturned in his administration’s multifarious efforts to stimulate the economy and make it work for the greatest good of all Nigerians. The President stated this in a meeting held at the State House with the Board of Trustees of the All Progressives Congress (APC) Professionals …