‘Nigeria needs viable private sector to influence policies, attract FDIs’



Stakeholders have said that for Nigeria to be extremely influential in determining economic policies and attract Foreign Direct Investments (FDIs), it needs a strong and viable private sector to catalyse growth and development...



Experts applaud PIA but want national plan on renewable energy









The absence of a national plan in the Petroleum Industry Act (PIA) is a fundamental flaw as it negates an emerging industry that could dominate the future of energy, experts say. The Petroleum Industry Bill which was signed into law by President Muhammadu Buhari on August 16, 2021 is considered a game-changer for the oil and gas industry in Nigeria...





World Bank forecasts 2.4% economic growth rate for Nigeria in 2021







The World Bank has projected a 2.4 percent economic growth for Nigeria in 2021, up from 1.8 percent recorded in 2020. The rebound, according to the Bank’s twice-yearly economic update released on Wednesday, will be driven mainly by the elevated commodity price, relaxation of stringent pandemic measures, and recovery in global trade...



AfCFTA: Central Bank Assures e-Naira Would Increase Cross-border Trade, Tax Efficiency





In the wake of the implementation of the African continental free trade area (AfCFTA), the Central Bank of Nigeria (CBN) has stated that another component and incentive of the E-naira, which is slated to launch soon, would be its ability to enhance tax efficiency as well as improve cross-border trade...