BT Business

IMF: How Nigeria’s economic recovery was exposed as a mirage

by Chuks Azotanion February 19, 2020
In a twist that further upset the already fragile optimism in the International Monetary Fund’s (IMF’s) weak economic growth projection for 2020, initially put at 2.5%, the IMF on Monday revised its earlier forecast to 2%. The new outlook was the culmination of the organisation’s Article IV Consultation to Nigeria, a 15-day economic dialogue tour, led […]

87% Of All The Poor People In Nigeria Are From The North—World Bank

by Jacinta Iroroon February 11, 2020
The World Bank has disclosed that about 87% of all the poor people in Nigeria are from the northern region of the country.  The South-South region of the country recorded the most significant drop in poverty between 2011 and 2016, as disclosed in the report by the Bretton Wood institution titled ‘Advancing social protection in a dynamic […]

Finally, Obaseki demolishes hotel owned by Adams Oshiomole’s Supporter, Tony Kabaka

by Chuks Azotanion February 5, 2020
Edo State Government on Wednesday afternoon commenced demolition of a multi -million naira hotel belonging to Tony Kabaka Adun. Bulldozers and security personnel were mobilised to the hotel at about 12 noon and began the demolition. It was part of the state government’s commitment to removal of illegal structures erected on government property, including public […]