The President of Nigeria, President Bola Tinubu on Tuesday, said Nigeria is currently facing challenging times but its economy is not distressed. As reported by THE WILL, President Tinubu spoke at the 16th edition of the Leadership 2023 conference and Awards, held at the Transcorp Hotel, Abuja. Speaking on the theme “An Economy in Distress: … Read more
President Bola Tinubu has directed that policies that have impact on the welfare of Nigerians and the economy must be treated with urgency, diligence and a strong sense of duty, as per DAILY POST.informationguideNigeria The President gave the directive at a meeting with the Head of Service, the Body of Permanent Secretaries, and some Directors-General … Read more
A former presidential aide Reno Omokri has accused former President Muhammadu Buhari of destroying Nigeria’s economy during his eight years in office, DAILYPOST reports. At the end of Buhari’s tenure in May 2023, Nigeria’s debt had almost doubled from 18 per cent to 35 per cent of the Gross Domestic Product, GDP.informationguideNigeria The Daura-born politician … Read more
A female staff at Globus bank in Lagos, Ikorodu, Amarachi, has reportedly committed suicide. THE NATION reports that the Nigerian Lady reportedly committed suicide due to the degenerating economy situation in the country.informationguidenigeria The young lady took her last breath after consuming a hard substance (sniper). Laying beside her dead body, is a note where … Read more
The President of Nigeria, Bola Tinubu has expressed confidence that leveraging the population and resources of Nigeria. President Bola Tinubu said with main focus on unleashing Nigeria’s full economic potential, his administration’s Renewed Hope Agenda can build a trillion-dollar economy within the next decade.NYSC Portal NIGERIAN TRIBUNE reports that the he said this on Tuesday … Read more
The presidential candidate of the Labour Party in the 2023 general elections, Peter Obi, has lamented the ‘dollarisation’ of the Nigerian economy. THE VANGUARD reports.JAMB Portal Speaking during an interview with Arise TV yesterday on the state of the country, Peter Obi stated that the naira should have been devalued, adding that the use of … Read more
The Minister of Defence, Mohammed Badaru Abubakar, has said that the Federal Government is focused on investing in the blue economy, unmanned spaces, climate change, and modernization of military equipment. THE GUARDIAN reports.informationguidenigeria The Minister delivered this when he delivered a goodwill message at the Nigerian Bar Association Annual General Conference 2023 with the theme: … Read more
A positive trade balance, also known as a trade surplus, occurs when a country exports more goods and services than it imports. A trade surplus is generally seen as favorable for an economy. It means the country is selling more products to other nations than it is buying, bringing money into the country. In this … Read more
Resource-Rich Countries in the World – The world is endowed with a wealth of natural resources that provide the raw materials to fuel economic growth and development. Some countries are especially blessed with an abundance of natural resources relative to their populations. This gives them a comparative advantage in extracting and exporting these resources for … Read more
Gross Domestic Product (GDP) is one of the primary indicators used to gauge the health of a country’s economy. It represents the total dollar value of all goods and services produced over a specific time period. Countries with robust GDP are generally characterized by stable economic growth, low unemployment rates, and high standards of living.InformationGuideNigeria … Read more