News - Business and Economy

UNESCO, SDG. Office To Empower More Young Nigerians

3 months ago /

The National Coordinator of a UNESCO  Project TAP THE AUGUST PROJECT,  Olusegun Ladigbolu says Thousands of Youths have received training while others are currently being Empowered to  make them contribute to the Nation’s Economic Prosperity

Biz: Markets Update

3 months ago /

The Nigerian Equities Market advanced marginally by 0.21% on Monday to open the week in Green Territory.

Abia To Partner Kano In Small And Medium Scale Enterprises

3 months ago /

The Abia State Governor, Okezie Ikpeazu says his Administration will partner with the Kano State Government on Small and Medium Scale Enterprises development, in the State.

Kwara State Internal Revenue Drops In Second Quarter 2018

3 months ago /

The count down to the 2019 general election is already taking its toll on the internally generated revenue of kwara state as the internal revenue service says it recorded low collection in the second quarter of 2018.

National Economic Council Holds At The Aso Rock Villa

3 months ago /

Twelve governors attended the meeting of the National Economic Council on Thursday; others were represented by their deputies.

Fed Govt Initiates Micro-Credit For Petty Traders

3 months ago /

The federal government has launched a new initiative under the Government Enterprise and Empowerment Programme (GEEO)

F.G To Invest More In Free Trade Zone

3 months ago /

The Nigerian government says it has no excuse not to embrace continuous investment in the free trade zone model which has been a success in most countries.

Fire Guts Baga Road Market, Maiduguri

3 months ago /

The Police in Maiduguri have confirmed that about 8 shops stocked with various food items worth millions of Naira have been destroyed by fire at the Baga Road Market in Maiduguri.

Market Update

3 months ago /

Transactions on the floor of the Nigerian Stock Exchange remained bearish on Thursday as the Nse Asi dropped by 19 basis points on sustained profit taking activity to record four straight days of losses this week.

Nigeria’s Finance Minister Proposes Sanctions For MDAS That Fail To Remit Operating Surplus

3 months ago /

Nigeria’s Minister of Finance, Kemi Adeosun, has proposed that the Fiscal Responsibility Act 2007 be reviewed to make provisions for sanctions that can be applied against Government  Ministries, Departments and Agencies which fail to remit their operating surplus to the consolidated Revenue Fund.

Pension Fund Assets Increase To N8.23 Trillion

3 months ago /

The Net Asset value of the Pension Assets of the contributory pension fund has increased by seven hundred and sixteen point nine billion Naira as at June twenty eighteen to eight point two three trillion naira.

Fed. Govt Canvasses More Inclusive Growth For Nigeria

3 months ago /

The Nigerian government says more attention needs to be given to local government areas in the country to ensure inclusive growth.

FG To Establish Rice Mill In Daura

3 months ago /

The federal government says it is set to establish a rice mill in Daura, Katsina state to ensure availability of the product, create employment and put an end to excessive smuggling activities of the commodity

Fed. Govt Approves N 17 Bn For Installation Of Automated Fuel Management System

3 months ago /

The federal executive council (FEC) has approved seventeen billion naira for the installation of technology monitoring schemes in the petroleum equalization fund.

Artisanal Miners Hit 2 Million Mark

3 months ago /

Artisanal Miners engaged in illegal activities in Nigeria have climbed to 2 million thereby shortchanging Nigeria of valuable revenue.

 

Nigeria At Cross Roads Over Africa Free Trade Agreement

3 months ago /

There have been divergent views about Nigeria’s refusal to sign the African Continental Free Trade agreement even after about 44 of the 54 African nations signed the Treaty. Some Labour Unions kicked against the agreement but economic watchers say there is no better  time to sign the agreement than now. Ait’s Osita...

CBN, MPC Retains Interest Rate At 14%

3 months ago /

The monetary policy committee of the central bank of Nigeria has retained monetary policy arte at 14% for the 11th consecutive time.

Nigeria’s Inflation Rate Rises By 1.24% In June

3 months ago /

Nigeria’s headline inflation rate rose by 1.24 percent in June 2018, up by 0.15 percent points from the rate recorded in May 2018. This is the month-on-month headline index.

Reps Ask CBN To Stop Collecting Interest From AMCON

4 months ago /

The House of Representatives Committee on Banking and Currency wants the Central Bank of Nigeria to stop the collection of interest from the Asset Management Corporation of Nigeria, AMCON

Buhari Urges National Assembly To Review Aspects Of 2018 Budget

4 months ago /

President Muhammdu Buhari has urged the National Assembly to take a deeper look at the  concerns  he raised in some areas of the  2018 Budget .