FG Pledges Continued Skills Development To Deepen $420bn Economy   The Federal Government has pledged to continue skills acquisition programmes across Nigeria to deepen the economy estimated at $420bn. Speaking at the ITF-NECA Technical Skills Development Project (TSDP) Stakeholders’ Dialogue Forum in Abuja, Minister of State for...

Inflation, Forex, Debt Killing Economy - LCCI   The Lagos Chamber of Commerce and Industry has warned the Federal Government to find urgent solutions to the issues of Nigeria’s growing debt burden, inflationary pressure as well as the worsening foreign exchange crisis in order to save...

Finance Act, Economy Recoveries Increased Company Income Tax By 35.6%   Revenue generated from Company Income Tax (CIT) has continued an uptrend, rising by 35.6 per cent Year-on-Year (Y/Y) to N532.48 billion in the first quarter ended March 2022 (Q1’22) from N392.7 billion in the corresponding...

CBN Says Nigerian Economy Contracted In November   The manufacturing and non-manufacturing Purchasing Manager’s Indices for November 2021 remained below the 50 index points at 47.3 and 47.5 index points. PMI readings above 50.0 signal an improvement in business conditions, while readings below 50.0 show a deterioration. The...

Higher Oil Prices’ll Drive Nigeria’s Economy By 2.5% In 2022 – W/Bank   The World Bank has projected a 2.5 per cent economic growth for Nigeria in 2022, and 2.8 per cent in 2023. This 2022 forecast is a slight upward review from the estimated 2.4 per...

Fed Govt Plans $100bn Nigerian-Brazil Initiative On Economy, Food Security   Vice President Yemi Osinbajo has said that the Federal Government will soon unfold the $100bn Green Imperative Nigeria-Brazil Bilateral Development Programme designed to sustain the economy through agricultural mechanisation. He stated that the initiative would make...