The World Bank has projected a 2.5 percent economic growth for Nigeria in 2022, and two point eight per cent in 2023. The 2022 forecast is higher than the estimated two-point four percent growth in 2021. The World Bank in its latest Global Economic Prospects report, disclosed that higher oil prices and activities in the telecommunications sector…
President Muhammadu Buhari has urged the Board of the newly incorporated Nigerian National Petroleum Company Limited to run the company with integrity and transparency. The President while inaugurating the Board chaired by Senator Margery Chuba Okadigbo, charged them to focus on profitability and operate in line with global best practice. The Minister of State of Petroleum Resources,…
The Performing Musician Association of Nigeria has expressed hope that 2022 will be a great year for the country’s music industry. PMAN’s President, Pretty Okafor who disclosed this in an interview with Lasgidi FM’s Azuka Onwuzor, said the sector is projected to generate over 20 trillion naira in the New Year. Okafor said while 2021 was very…
Professor of economics, Professor Pat Utomi, has described the year 2021 as very challenging time for Nigeria. Professor Utomi says insecurity, inflation, lack of trust in the polity, and ineffective leadership were some of the problems that made the past year difficult. However; the Chairman of the National Consultative Forum said there is hope for a turnaround…
The Asset Management Corporation of Nigeria is set to publish the names of 7,912 debtors owing it a total of 4.4 ttrillion naira. The move follows the expiration of the 30-day ultimatum given by the National Assembly to debtors to regularise their debt status with the bad debt manager. The one-month notice elapses (today), January 5, 2021.…
The Organisation of Petroleum Exporting Countries, OPEC, and its allies have agreed to retain their production output. The decision by the OPEC Plus group and its allies, including Saudi Arabia and Russia, was reached during a teleconference. The group rejected a push by the United States for a major increase in output in order to push down…