IMF Lowers Global Growth Forecast For 2019

The International Monetary Fund (IMF) has lowered its global growth forecast for 2019 to 3 per cent in the newly-released World Economic Outlook (WEO) report, down 0.2 percentage point from its estimation in July, reported.

Nigeria's Debt Hit N25.7tn In June - DMO

The Debt Management Office, DMO, on Wednesday said as at June 30, Nigeria owes N25.7 trillion in debt both domestically and externally. The disclosure was contained in its ‘Total Public Debt Portfolio’ obtained from its website.

Minimum Wage: We Are Set To Join Nlc Strike - Workers

Members of the Nigeria Labour Congress, NLC in Osun State have announced plans to join the proposed nationwide strike by the Congress, following alleged delay by the Federal Government to conclude negotiation on the new minimum wage.

VAT Increment: FG Gives Reasons For Implementation

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed has insisted that the government was not wrong in increasing the Value Added Tax VAT, saying its the only panacea that the federal government can meet its financial obligation up to 80 % revenue.

Border Closure: Inflation Rate Hits 11.24% - NBS

The National Bureau of Statistics (NBS) has on Tuesday disclosed that the Consumer Price Index which is its tool being used by the agency to measure inflation rate has indicated a rising to the tone of 11.24 percent in September.

Osinbajo Bemoans Mono-Economy, Calls For Diversification

The call for the need to diversify the nation's economy from a mono-economy may have gotten the attention of the Presidency, as the Vice President, YemiOsibanjo has revealed that key economic measures must be taken by both the federal and state governments in order to pull Nigeria out of poverty. He made the appeal while speaking at an event in Asaba, Delta State. 

Buhari Orders Sale Of Forfeited Assets

As President Muhammadu Buhari's administration continues to fight the war against corruption, the President has reportedly asked that all forfeited assets are sold and the money put in the Treasury Single Account (TSA).

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