News - Business and Economy

Nigeria To Borrow From World Bank, China, Japan - FG

8 months ago /

Federal Government of Nigeria has said that it had approved an external borrowing plan after the cash-strapped African economy plunged into official recession. "Low cost, long-term loans (1.25% interest, 20yr tenor)" would be sought from the World Bank, African Development Bank, China's Exim Bank and the Japan International Cooperation Agency, it...

Federal Government Partners United Nations On Economic Recovery

8 months ago /

The federal government has entered into emergency partnership with the United Nations on accelerated capacity building in the area of information technology for its workforce and youths, as part of efforts to diversify the nation’s economy. This much was espoused on Monday, in Abuja by the acting director general of the...

Government Charge To Make Use Of ECOWAS' Trade Liberalisation Scheme

8 months ago /

The Federal Government of Nigeria has been charged to take advantage of the Economic Community of West Africa State (ECOWAS) Trade Liberalisation Scheme to promote agricultural produce within the sub-region. Speakers at a sensitization programme on the need to support free trade of agro produce across West Africa on Thursday, said...

Recovered Loot Inadequate To Revive Economy

8 months ago /

The Minister of Information and Culture, Alhaji Lai Mohammed has explained that the looted fund recovered so far by government is far cry from what the country needs to revive the economy. The minister said this on Friday when he appeared on a News Agency of Nigeria (NAN) Forum in Abuja. According...

CBN Announces A Further Tightening Of The Monetary Policy

10 months ago /

The monetary policy committee MPC of the central bank of Nigeria CBN, this Tuesday announced a further tightening of the monetary policy by increasing the key repo rate by 200 basic points from 12% to 14%. The Governor, Central Bank of Nigeria. Godwin Emefiele made this known on Tuesday in...

Finance Minister Kemi Adeosun Says Nigeria Is "Technically In Recession"

10 months ago /

Appearing before the senate, Kemi Adeosun made efforts to allay public fears about the implication of the country’s troubled economy, saying,  “things are tough”, but there should be no panic.  “I want to assure Nigerians the economy is in good hands and we are absolutely doing our best. We want to...

IMF Say's Nigeria's Economy Likely To Shrink This Year

10 months ago /

The International Monetary Fund (IMF) has painted a gloomy picture for Nigeria, saying the country’s economy will probably contract this year as energy shortages and the delayed budget weigh on output. “I think there is a high likelihood that the year 2016 as a whole will be a contractionary year”, said...

Nigeria Moves to 169 in World Bank’s Doing Business Ranking

10 months ago /

In the World Bank’s Doing Business 2016, Nigeria has moved up to 169 out of 189 countries.  This reflects badly on the largest economy in Africa and among the top 30 globally.  Rather than query the findings, the Federal government takes the annual surveys seriously and has set targets for...

Kogi Goverment Has Met Labour Demands - Civil Servants' Group

10 months ago /

A group of Kogi State Civil servants have accused the leadership of the organized Labour in the state of needlessly extending the industrial strike action embarked upon almost two weeks ago, in spite government meeting the terms of the agreement it had with them.  The group said this while addressing a media...

Dogara to Ring Bell at Nigerian Stock Exchange on Friday

10 months ago /

Hon. Yakubu Dogara, Speaker of the House of Representatives, will on Friday ring the bell at the Nigerian Stock Exchange (NSE) in Lagos. A statement issued by the Special Adviser on Media and Public Affairs to the Speaker, Mr. Turaki Hassan, in Lagos, said Dogara will ring the bell to close activities on...

President Buhari Questions Currency Float

11 months ago /

President Muhammadu Buhari on Monday told a gathering of business leaders that he did not see the benefit of the naira’s currency peg against the U.S. dollar being removed. Nigeria’s central bank abandoned the naira’s 16-month old exchange rate peg, of 197 naira to a dollar, a week ago in an...

Senate Resolves To Summon Labour Minister Over Threat To Withdraw Licences Of Banks Retrenching Staff

11 months ago /

Over two thousand bank staff have lost their jobs since January till date, with more banks planning to retrench more workers. This development led to the directive by the minister of labour and productivity Chris Ngige asking banks to halt the sack.  Stakeholders are however saying that this directive cannot...

We Must Grow SME's To Strengthen Nigeria's Democracy - Dogara

11 months ago /

Speaker of the House of Representatives, Rt. Hon Yakubu Dogara, has said that due to the fact that poor people cannot enjoy democracy, generating wealth through small and medium businesses should be a priority of any government, hence the need to support the growth of Small and Medium Enterprises (SMEs)...

Environment Minister Ring Trade Closing Bell At Nigerian Stock Exchange

1 year ago /

‘’As we strive to green the economy, we must begin to reduce environmental degradation, pollution, and the effects of climate change’’. – Amina Mohammed

In My Time in Office, Ajaokuta Steel Company Will Be Revitalised – Governor Bello

1 year ago /

“40 of the companies are 100% completed and can be put into operation in a few months. The greatest obstacle, and that is why the Russians who built the place left in 1994, is that of external infrastructure. They got the place to 98% completion and they kept asking the federal government, ‘How are we going to bring in the raw materials?’ We are supposed to have a rail line from Ajaokuta connecting to Oturpko to Onne where the coking coal can be imported.  All we need is political will to do it.”

Kwara State Government Records Increase Of N128.5m In Salaries And Pensions

1 year ago /

Kwara State government has recorded an increase of about N129 million above the salary commitments for 2014 and 2015. According to the figures released by the Director-General, Kwara State Bureau of Statistics, Alhaji Nasiru Ibrahim, from 2014 to 2015, more than half of the staff on pay roll in the core...

 

Press Statement: APC-Young Women Forum (APC-YWF): On the Budget of Change, and Divisive Elements Avenging No Wrongs

1 year ago /

APC-Young Women Forum (APC-YWF): On the Budget of Change, and Divisive Elements Avenging No Wrongs The 2015 elections have come and gone; Nigerians made history by voting out an incompetent government and since then, as a people, we have not rested on our oars with respect to demanding good governance from...

Dollar Dips From Two-Week High, Stocks In The Red

1 year ago /

The dollar fell on Wednesday, succumbing to a bout of profit-taking after hitting a two-week high the previous day, while European stocks also put a positive start to the week behind them to trade in the red. Weak corporate earnings weighed on stocks, as Germany's DAX .GDAXI snapped a four-day winning streak and...

Udoma Udoma To Present 2016 Budget Breakdown On Thursday

1 year ago /

Minister of Budget and National Planning, Sen. Udoma Udoma would on Thursday present the breakdown of the 2016 budget, the ministry in a statement on Monday in Abuja. The statement signed by Media Adviser to the minister, Mr James Akpandem, said that Udoma would perform the assignment with the Minister of...

 

Governor Bello Signs 99.9B 2016 Budget For Kogi

1 year ago /

Kogi State Governor, Alhaji Yahaya Bello, earlier today signed into law an appropriation bill of N99,998,674,261 for the 2016 fiscal year.The budget which, he tagged, 'Budget of Change', has Recurrent Expenditure of N63.12 billion and Capital Expenditure of N36.87 billion.The Governor promised to ensure 100% implementation of the budget, adding that a...


‹ Prev 1 2 3 4 5 6 7 8 ... 50 Next ›