Nigeria moves to repatriate 200,000 refugeess from neighboring nations.

Nigeria to establish National Council on Poverty Reduction, lifts 100m people out of poverty

As President Buhari commits to move 100 million Nigerians out poverty, agrees to set up Council for Poverty Reduction.

Nigeria recovers from recession as GDP grows by 0.11%

Hurray, Nigeria exits recession.

Finally WTO appoints Nigeria’s Okonjo-Iweala as DG

Finally, Nigeria's Okonjo-Iweala gets WTO top post after fierce competition.

Buhari approves formation of infrastructure firm with N1trn

Tanko Mohammed President Muhammadu Buhari has approved the establishment of a Public Private Partnership styled Infrastructure company named Infra-Co with an initial seed capital of N1 trillion. It is envisaged that, over time, the entity will grow to N15 Trillion in assets and capital. Infra-Co will be one of the…

IMF raises alarm over Nigeria’s economy, but supports reform efforts

Tanko Mohammed The International Monetary Fund (IMF) has raised an alarm that Africa’s biggest economy, Nigeria, is at a critical juncture, having been hit hard by the COVID-19 pandemic. The Executive Board of IMF said after the conclusion of its 2020 Article IV Consultation with Nigeria that it was however…

Nigeria’s Okonjo-Iweala getting closer to clinching WTO top job

 Tanko Mohammed Dr Ngozi Okonjo-Iweala, 66-year-old Nigeria’s former Finance Minister, is set to emerge as the Director-General of the World Trade Organisation (WTO), as her sole opponent and US-favoured South Korean Yoo Myung-hee, is reported to have withdrawn from the race. Okonjo-Iweala highly favoured with an overwhelming votes was…

Nigeria to sell assets recovered from corrupt persons, including $40m jewellery of ex-petroleum minister

Nigeria sets up committee to sell assets recovered from thieves.

Buhari expands N-Power to 1m people, provides job access to beneficiaries

Tanko Mohammed President Muhammadu Buhari has approved the expansion of the N-power beneficiaries from 500,000 to 1 million. Also N-Power beneficiaries who have concluded the 2-year job programme will now be able to access permanent job opportunities or business prospects in line with the N-power exit strategy now activated by…

Customs awaits report on list of duties, charges for waived goods under AfCFTA

Customs expecting waiver goods as Africa implements AcFCTA.

US administration will determine new economy direction in 2021

Nigeria sees new administration in US as determinant of major economic direction in 2021.

Nigeria makes N4.9trn from taxes

Taxes fetch Nigeria more than N4 trillion.

LPG consumption in Nigeria hits 1m metric tonnes

By Tanko Mohammed The Petroleum Products Pricing Regulatory Agency (PPPRA) has reported that Nigeria’s domestic consumption of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, exceeded one million Metric Tonnes (MT) in 2020. The agency disclosed this in a statement signed by Abdulkadir Saidu, the Executive Secretary, PPPRA, in…