News - Business and Economy

Gombe To Create Commodity Exchange Market For Agro-Product

1 day ago /

Gombe State Governor,  Ibrahim Hassan Dankwambo,  says the state will create a commodity exchange market for agro products that would guaranty access for farmers to sell their products.

Nigeria Inflation Drops To 12.48%

1 week ago /

The Consumer Price Index (CPI), which measures inflation, dropped to 12.48 percent (year-on-year) in April 2018,

CBN Injects $210m Into Forex Market

2 weeks ago /

The Central Bank of Nigeria (CBN) has pumped $210 into the market to boost the inter-bank Foreign Exchange.

AFDB To Support Nigeria, Others On Industrial Policy

2 weeks ago /

The African Development Bank (AfDB) says it will support five countries with industrial policies to help boost development in the region.

Bank Credit Survey Report Shows Increase In Secured Credits

1 month ago /

The Credit Condition Survey Report (CCSR) of the central bank of Nigeria (CBN) shows that Nigerian deposit money banks have been allocating higher credits to different sectors of the economy in the first quarter (Q1) 2018.

Nigerian Stock Exchange Closes On A Positive Note

1 month ago /

The Nigerian stock market closed Monday on a positive note, as all share index appreciated by +0.14% to close at 40,987.71 basis points as against +0.29% appreciation recorded previously.

Delta State Government Embraces International Best Practices In Budget Preparation

1 month ago /

The Delta state government under Governor Okowa says it has adopted international best practices in budget preparation process and has prepared three editions of the fiscal strategy paper, in line with the fiscal responsibility law.

Scarcity Of Dollar Hits Forex Market In Abuja

1 month ago /

Reported scarcity of dollars may have just thrown the foreign exchange market in Nigeria into another round of volatility in the parallel market.

Nigeria To Record Improved World Bank Rating On Ease Of Doing Business

1 month ago /

The presidential enabling business environment council says Nigeria will record an improvement when the world bank rating on the ease of doing business is released at the end of April.

New CBN DGs, MPC Members Resume Duties

1 month ago /

The Central Bank Of Nigeria’s new Deputy Governors, Aisha Ahmad and Edward Lametek Adamu have formally resumed duties, following the confirmation of their appointments last week by the Nigerian Senate.

Buhari Seals Pact With Singapore, Switzerland On Taxation, Illegally Acquired Assets

1 month ago /

Following the approval of the Federal Executive Council (FEC), President Muhammadu Buhari on Monday signed two bilateral instruments to strengthen cooperation between the republics Of Singapore and Switzerland.

Bill Gates Slams Buhari’s Economic Recovery Plan

2 months ago /

Co-founder of the Bill and Melinda Gates foundation bill gates says the execution priorities of Nigeria’s economic recovery and growth plan do not reflect the needs of the people. 

Bill Gates Criticises Execution Of Nigeria's Economic Recovery Growth Plan

2 months ago /

Co-Founder of the Bills and Melinda Gates foundation Bill Gates, says the execution priorities of Nigeria's Economic recovery and growth plan do not reflect the needs of the people. 

Osinbajo: FG To Speed Up Rail, Develop Warri, Onitsha Ports

2 months ago /

Vice President Yemi Osinbajo said the Federal Government is taking multi-pronged measures, such as speeding work on the Lagos-Ibadan rail and developing Onitsha and Warri ports to ease the congestion at the nation’s premier port in Apapa.

Ariaria Market Set For Electricity Provision

2 months ago /

The Minister of Power, Works and Housing, Mr Babatunde Fashola says the Federal Government will provide electricity for over 39,000 shops in Ariaria International Markets, Aba in Abia before the end of the year.

World Development Report 2018 For Nigeria Launched

2 months ago /

Nigeria’s Ministries of Finance and Education in collaboration with the World Bank has  launched the World Development Report 2018 for Nigeria.

China Expresses Confidence In Bilateral Ties With Nigeria

2 months ago /

The Chinese Government has expressed confidence in the relationship that exists between Nigeria and China, especially in the areas of Industry,Trade and Investment

FG Expresses Optimism About 3.5% Economic Growth Projection For 2018

2 months ago /

The special adviser to the president on economic affairs Adeyemi Dipeolu says the estimates of the Buhari administration that the Nigerian economy will grow by 3.5 percent in 2018 is on course.

House Of Reps To Probe Stock Market Operations

2 months ago /

The House of Representatives, the committees on capital market and insurance are to investigate abnormalities in the operation of the Nigeria stock exchange market that have led to stagnation in the price of some quoted stocks.

Reports On GDP In 2018 Is In Course - Presidency

2 months ago /

The Special Adviser to President Muhammadu Buhari  on Economic Affairs,  Adeyemi Dipeolu,  says the estimate of the Buhari administration that the Nigerian economy will grow by 3.5 percent in 2018 is on course.

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