Business

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The Manufacturers Association of Nigeria told President Muhammadu Buhari on Wednesday that the country’s economy remained “fragile”, much as it appreciated his commitment to perform better in his second term in office. “It is clear that our economy is still fragile,” the President of MAN, Mr Mansur Ahmed, said when the National Council on Manufacturers […]

The African Development Bank says Nigeria is the greatest contributor to wealth creation in West Africa, contributing about 75 per cent of -regional Gross Domestic Product (GDP). Mr Ebrima Faal, AfDB Senior Director for Nigeria said this in an interview with newsmen at the ongoing Annual Meetings of the Bank in Malabo. According to Faal, […]

  Three suspected traffic robbers have been arrested in two separate operations around Ayobo/Ipaja areas of the state, less than 24 hours to Sallah holidays. Police said the suspects pretended to be commercial motorcyclists before attacking their victims. A spokesman for the command, Bala Elkana, a Deputy Superintendent (DSP) in a statement yesterday said on […]

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 13.5 per cent. The CBN Governor, Mr Godwin Emefiele, announced the decision of the committee at the end of a two-day meeting held at the apex bank’s headquarters in Abuja. He explained that nine out of […]

The nation’s economy expanded more slowly in the first quarter of 2019 than it did in the fourth quarter of last year, the National Bureau Statistics said on Monday. The International Monetary Fund had, in its World Economic Outlook Update released in January, revised down the country’s Gross Domestic Product projection for this year to […]


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