News - Business and Economy

NLC Wants New Minimum Wage Implemented From May

5 days ago /

The Nigeria Labour Congress has applauded the Nigerian Senate for passing into law the new minimum wage bill of thirty thousand naira.


Okowa Debunks Rumours Of Workers Retrenchment

2 weeks ago /

Delta State Governor, Senator Ifeanyi Okowa says there is no plan by his administration to either retrench or send any civil servant on compulsory retirement. 

Nigeria Scores 27% In Corruption Perception Index 2018

1 month ago /

Transparency International's latest Corruption Perception Index, CPI, says Nigeria remained static in the perception of corruption in public administration in 2018.

BPE Concessions Warri Old Port

2 months ago /

The Bureau of Public Enterprises, BPE, says concession of seaports in Nigeria represents one of the success stories of government’s privatization and commercialization policy.

CBN To Support Dangote Refinery With N75bn

2 months ago /

The Central Bank of Nigeria, CBN, says it will support the ongoing Dangote Refinery with the sum of 75 billion Naira to fast track the completion of the project.

FG Reviews Policy Document On Cotton, Textile And Garment Sector

3 months ago /

The Nigerian government is building consensus and understanding on a clear roadmap to revitalize and ensure sustainable development in the Cotton, Textile and Garment, CTG, sub-sector.

Cross-river To Boost Economy With Beach Polo

3 months ago /

Sports lovers and spectators coming for the 2018 carnival Calabar will have more than the usual to watch as preparations are in top gear for the maiden edition of beach polo tournament.

$1.3 Trillion Lost To Corruption Globally – UN

3 months ago /

The World Bank says businesses and individuals globally pay more than one trillion US dollars in bribes every year.

EU Court Says UK Can Cancel Brexit

3 months ago /

The European court of justice has held that Britain is at liberty to halt its withdrawal from the EU. This judicial decision is capable of promoting a second referendum to stop Brexit which may spell doom for Prime Minister Theresa may.


FAAC Distributes N788.1 Billion For October

3 months ago /

A total of 788.1 billion Naira has been distributed as federal allocation for the month of October 2018 for the three tiers of government.


FG, States, LGs Share N648.71bn For September

5 months ago /

The Federal, state, and local governments have shared a total of N648.71 billion for the month of September.

My Administration Will Continue To Review Obsolete Laws Hindering Growth In Many Sectors - Buhari

5 months ago /

President Muhammadu Buhari says his administration will continue to review obsolete laws that are hindering growth in many sectors of the Nigerian economy.

Nigeria’s Economy Projected To Grow At 3.01% In 2019

5 months ago /

The Nigerian economy is projected to grow at three-point zero-one in 2019 with significant increase in growth from zero point eight per cent in 2017 to two point one percent in 2018.

AFDB Stamps Malawi’s Economic Plan

5 months ago /

The African Development Bank has approved its Country Strategy Paper for Malawi for 2018-2022 to boost the economic diversification and reduce the country’s dependency agriculture and build infrastructure the economic for growth in the  Country.

Ivory Coast’s Biggest Cocoa Exporter Up For Sale

5 months ago /

Creditors of the biggest cocoa exporter in Ivory Coast, which went bankrupt in july, will decide on Monday which company will be allowed to buy its assets.

World Bank, Nigeria To Collaborate On Cash Transfer Scheme

6 months ago /

The World Bank says it will work with the national bureau of statistics, NBS to conduct a survey on the national cash transfer scheme being implemented in Nigeria so as to know the impact of the program in alleviating poverty.

Airtel To Partner With DAAR In Service Delivery

6 months ago /

The chief executive officer (CEO) Airtel Nigeria, Segun Ogunsanya has reiterated the commitment of the foremost telecommunications giant to partner with DAAR communications plc in improving service delivery to its teaming viewers across the globe.

Analysts Take Closer Look At Nigeria-China Trade

6 months ago /

Nigeria’s participation at the just-concluded forum on china and Africa cooperation summit in Beijing, was widely celebrated particularly in government circles analysts however have expressed the need to review some of the trade deals, as they appear inimical to the country’s economic aspirations.

Presidency Blames Unbridled Looting For Nigeria's Economic Woes

6 months ago /

The Presidency says what killed Nigeria's economy in the past was unbridled looting of state resources by leaders.

Nigeria’s Inflation Rises In August

6 months ago /

Nigeria's inflation rate rose in august for the first time in over 18 months..

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