As Nigeria continues to seek solutions to the current recession, one suggestion that is gaining traction is the option of disposing government stakes in some publicly-owned companies with a view to shoring up foreign reserves in the near term. The government seems sold on...

The National Tax Policy Review Committee that was constituted by the Federal Government last month has recommended the merger of the Federal Inland Revenue Service and the Nigeria Customs Service. The committee, headed by Prof. Abiola Sanni, was set up on August 10 by the...

The country plans to raise between N250bn and N340bn ($794.91m -$1.08bn) in local currency-denominated bonds in the fourth quarter of this year, the Debt Management Office (DMO) has said. The debt office said it would auction between N90bn and N120bn worth of bonds maturing in...

The Group Managing Director of Energy Group, Barrister Jimoh Ibrahim, has advised the Federal Government to urgently set up a National Commission for Recession Management (NCRM) at the Federal, State and Local Government levels. This is important if Nigeria wants to come out of economic recession,...

As President of the African Development Bank (AfDB), Dr Akinwumi Adesina arrives Nigeria today to hold talks with President Muhammadu Buhari and other key government officials over the country’s economic challenges, the bank said it has committed $524,969 million worth of loans to Nigeria,...

The Minister of Finance, Mrs. Kemi Adeosun, has said that she cannot predict when the nation will get out of the current economic recession. She, however, said that some of the efforts of the government to reflate the economy had started yielding results. The minister, who...