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News - Business and Economy

 

Eritrea President Afwerki Visits Ethopia

1 month ago /

Eritrea's president isaias afwerki is visiting ethiopia for the first time since the start of the two countries' border war in 1998.

Buhari Seeks Partnership With Lending Banks To Improve Infrastructure

1 month ago /

President Muhammadu Buhari has called for stronger partnership with lending banks to reduce the nation’s infrastructure deficit, assuring of his administration’s full commitment to implement all agreements.

Nigerian Economy Vulnerable To Attacks-Cyber Security Experts Warn

1 month ago /

Cyber security experts have warned that Nigeria may be vulnerable to cyber attacks due to the highly integrated nature of ICT into activities of both the private and public sector.

F.G. To Review Beverage Tariff Increase

1 month ago /

The Federal Government says there is need to review the newly introduced 500 percent excise duty on locally produced alcoholic beverages.

NEC Directs Finance Ministry To Speedily Resolve Disagreements Over Remittances

1 month ago /

The  National Economic Council (NEC) has directed the Ministry of Finance and the Federal Allocation and Accounts Committee (FAAC) to speedily resolve the issues over remittances by the Nigerian National Petroleum Corporation into the Federation Account.

FG Partners Russia On Steel Development

1 month ago /

Nigeria’s Minister of Mines and Steel Abubakar Bwari says government is seeking improved Economic ties with Russia in harnessing the full potential of the nation’s solid Minerals development.

Mining Sector Key To Nigeria’s Economic Diversification - Buhari

1 month ago /

President Muhammadu Buhari  says the Federal Government’s key policy objective of rejuvenating the mining sectors being realised as witnessed by the diversification of the economy and broadening of the country’s revenue base.

FG Commits To Ease Of Doing Business

1 month ago /

The Nigerian government has again restated its commitment to ensuring that there is a change in the business environment across the country. 

APC Convention Promotes Brisk Business

1 month ago /

It’s no longer news that the All Progressive Congress held its National Convention in Abuja on Saturday.

CBN Says Ready For China Currency Swap

2 months ago /

The central bank of Nigeria has expressed its readiness to deal with any challenges that arise from the global economy and meet the foreign exchange demands in the country. 

Chinese Media Mocks Trump Over Trade Tariffs

2 months ago /

Chinese media have mocked us president Donald Trump over the imposition of 25% tariffs on $50bn worth of Chinese goods, saying "wise men build bridges but fools build walls".  

Nigeria Inflation Drops To 11.61% In May

2 months ago /

The consumer price index (CPI), which measures inflation, dropped to 11.61 percent (year on year) in may 2018.  

Plan For A World Beyond Oil – Osinbajo Tells African Oil Producing Countries

2 months ago /

Vice President Yemi Osinbajo has urged oil producing countries in Africa to make deliberate plans for a world beyond oil.

Buhari Appoints Shonubi As Deputy Governor Of CBN

2 months ago /

President Muhammadu Buhari has approved the nomination of Mr. Folashodun Adebisi Shonubi as Deputy Governor at the Central Bank of Nigeria subject to Senate confirmation.

Nigeria To Boost Economic Ties With Tanzania

2 months ago /

President Muhammadu Buhari says Nigeria is ready to boost economic ties with Tanzania for the benefit of citizens of both countries.

NPA Explains Termination Of Dredging Contract For Calabar Ports

2 months ago /

The managing director of Nigerian Ports Authority (NPA), Hadiza Bala-Usman, says lack of capacity and credibility by contractors is the key reason why the agency terminated the contracts for the dredging of Calabar ports channels.

U.S Government Commends Ayade's Industrialisation Drive

2 months ago /

The United States Consul General to Nigeria, John Bray says he is impressed with the industrialisation drive of the Cross River state governor, Prof Ben Ayade within his three years in office.

Federal Government Says Its Economic Diversification Programme Has Paid Off

2 months ago /

The presidency says its diversification programme has improved the economy, so much so that the non-oil sector contributed 90.36 %to GDP as against 9.61 % coming from oil earnings.

Gombe To Create Commodity Exchange Market For Agro-Product

2 months 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%

3 months ago /

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