The Federal Government is set to inject over N600 billion as stimulus response into the agriculture sector. The Minister of Agriculture and Rural Development, Sabo Nanono, made this known in a statement signed by the Director of Information of the ministry, Mr Theodore Ogaziechi on Sunday in Abuja. The minister according to the statement, made […]

Barring any last- minute changes , the Senate is set to advise the Federal Ministry of Finance, Budget and National Planning to exclude 60 federal agencies from getting allocation from the national budget , starting from next year The agencies include Federal Inland Revenue Service, Nigeria Customs Service , Security and Exchange Commission, National Broadcasting […]

The Central Bank of Nigeria (CBN) says it will resume weekly forex sales to Bureau de Change operators from August 31. In a circular signed by O.S. Nnaji, director of trade and exchange department, the apex bank said BDCs must not exchange the naira at more than N386/$. The apex bank said its decision to […]

The Presidency says the Second Quarters 2020 Gross Domestic Product (GDP) estimates released by the National Bureau of Statistics (NBS) is relatively far better than many other countries recorded during the same quarter. Mr Femi Adesina, the Special Adviser to the President on Media and Publicity, stated this in a statement in Abuja on Wednesday. […]

President Muhammadu Buhari Tuesday in Abuja assured Nigerians and the international community that his administration will use the remaining years in office to improve access to quality education, health care and enhance productivity, while listing nine priority areas. The President, who received Letters of Credence from Ambassadors/High Commissioners of eight countries at the State House, […]

First time in more than three years, the nation’s economy shrank in the second quarter of this year as the Gross Domestic Product fell by 6 .10 per cent . The National Bureau of Statistics , in its GDP report for Q 2 2020 , said on Monday that the decline was largely attributable to […]

Power generation in the country fell to 3 ,356 megawatts on Thursday less than two days after a new peak of 5 ,420 .30 MW was achieved . The Transmission Company of Nigeria announced on Thursday that the nation’s power industry had achieved yet another all – time national peak of 5 ,420 .30 MW […]

The World Bank has cleared 35 states for the US$1.5billion stimulus package for Nigeria’s states to cushion the economic effects of the COVID-19 pandemic. The plan is part of the World Bank’s package for immediate fiscal relief for Nigeria, following discussion between its Country Director and the Economic Sustainability Committee, chaired by Vice President Yemi […]

The Nigerian power industry achieved another improved all – time national peak of 5 ,420 .30 megawatts, the Transmission Company of Nigeria announced on Thursday. It was also gathered that the 5 , 420 .3 MW was effectively transmitted through the national grid at a frequency of 50 . 10 Hz at 9 :15 pm […]