News - Business and Economy

BRITISH PRIME MINISTER FACES CRITICISM FOR PROPOSED TRADE RELATIONS WITH CHINA

3 years ago /

British Prime Minister David Cameron promised China's leaders on Monday that he would advocate a multi-billion-dollar free trade deal between Beijing and the European Union; an action which has irritated the EU executive as they consider such proposal as premature.

 

INDONESIA: STUDENTS PROTEST WTO POLICIES; ACCUSE THEM OF BIAS

3 years ago /

A group of Indonesian students staged a protest in front of United States Consulate General office on Monday ahead of the World Trade Organization ministerial conference in Bali.  

 

EU SUMMIT: Ukraine's Yakunovic stands his ground

3 years ago /

The European Union says it will not accept a veto by Russia on the bloc ties with the former Soviet republics.

 

IMPORTED VEHICLES: Reps move to suspend increase in duties till Nigeria begins production

3 years ago /

A tense atmosphere fell over the House of Representatives’ sitting when the issue of the proposed increase in custom duties of imported vehicle was raised. Passionate arguments were made, most of which called for a suspension of the increase.

 

EU leaders set for tough table-talk with Ukraine's Yanukovic

3 years ago /

1 of 6 People dressed in outfits of various popular professions in Ukraine carry a coffin symbolising Ukraine's Euro-association and an airplane ticket back to Brussels to the EU Delegation building in Ukraine during a symbolic funeral procession and an anti-Europe rally in Kiev November 28, 2013.

 

China's Huawei to roll out 4G service in Ethiopian capital

3 years ago /

Ethiopia's state-run Ethio Telecom said on Thursday it had picked Huawei Technologies Co Ltd, the world's second largest telecom equipment maker, to roll out a high-speed 4G network across the capital Addis Ababa.

 

EUROPE: BRUSSELS - EU POLICY

3 years ago /

Parliament's scrutiny of European issues and laws emanating from Brussels should be overhauled to ensure greater accountability.

 

REVENUE GENERATION: Federal government to realise 75 billion naira in 2014 from tax defaulters

3 years ago /

Some observers have described petroleum products as Nigeria’s undoing rather than a blessing but the Nigerian government has begun a practical move to turn the tides. Though the Federal Inland Revenue Service has projected the revenue base of 2.2 triliion naira for 2014, the institution will work with a Tax consultancy firm to raise an additional 75 billion naira next year. The funds will be realised from over 65% of existing tax evaders in the country.

HOUSING POLICY: World Bank to give Nigeria $300 million Mortgage loan

3 years ago /

Statistics have shown that Nigeria has a Housing deficit of 17million units. Many basic requirements such as sanitation and water supply are clearly inadequate even in the already existing infrastructure.

Nigerian Content Conference: Stakeholders want more participation of Nigerians in all sectors of the oil Industry

3 years ago /

The Workshop and exhibition which was organized to iron out whichever impediments to the implementation of the Local Content proposal attracted over 400 Oil industry experts, representatives of host communities and was organized by the Nigerian Content Development and Monitoring Board and the Bayelsa state government.

 

BUSINESS: EUROZONE RECOVERY SUFFERS SETBACK

3 years ago /

The fragile global economic recovery took a step backwards this month as businesses across the Eurozone and China's vast factory sector grew at a milder pace.

 

ECONOMIC TRANSFORMATION OF SINGAPORE, A LESSON FOR NIGERIA?

3 years ago /

Singapore is one of the world’s leading commercial hubs, with the fourth-biggest financial centre and one of the five busiest ports. Its globalized and diversified economy depends heavily on trade, especially in manufacturing. Singapore has the third-highest per capita income in the world. It ranks high in international rankings of education, healthcare, government transparency and economic competitiveness. All these, this sovereign city-state and island country situated in South-East Asia achieved in a little over fifty years. We bring this to your attention hoping that there may be some lessons that our nation may learn from the success story of Singapore on our quest for economic transformation.

BUDGET 2014: NATIONAL ASSEMBLY REACTS TO ANOTHER CANCELLATION OF BUDGET PRESENTATION

3 years ago /

Reacting to the President’s failure to show up for the 2014 Budget presentation once again, the honorable Members of the House of Representatives and the Senate have expressed varying views as to the excuse given by the Presidency.

ECONOMY: PRESIDENT JONATHAN TO TRAVEL TO ENGLAND TO MEET WITH INVESTORS

3 years ago /

President Goodluck Jonathan is to travel to London today to meet with International Investors. The President is to preside over the meeting of Nigeria’s Honorary International Investors’ Council which is expected to last for three days.

 

NIGERIAN GOVERNMENT APPROVES $1BILLION FROM EXCESS CRUDE ACCOUNT

3 years ago /

The Nigerian government has approved the sum of $1billion (one   billion dollars) from the excess crude account as augmentation for allocation to the three tiers of government for the month of October

ECONOMIC DEVELOPMENT: NORWEGIAN GOVERNMENT ASSURES EBONYI STATE GOVERNMENT OF ASSISTANCE

3 years ago /

The Norwegian government is to assist Ebonyi state government South-East Nigeria in its economic development drive.

 

REPS INVESTIGATE ALLOWING FOREIGN INSTITUTIONS TO MANAGE NIGERIA'S FUNDS

3 years ago /

The House in a Motion mandated its Committees on Commerce and Justice to investigate the appointment of foreign institutions to manage the Nigerian Sovereign Wealth Fund.

Budget 2014: Senate passes Medium Term Expenditure Framework

3 years ago /

Presenting the report of the Senate Joint Committee on Finance and Appropriation on the 2014 to the 2016 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) to the chamber, Chairman of the Committee, Senator Ahmed Mukarfi explained that due to the increasing spate of Oil theft in the country, the loss of crude oil in July 2013 has risen to about 400,000 barrels per day.

NIGERIA: REPS RE-AFFIRM DECISION TO BOOST AGRICULTURE

3 years ago /

Following the clamour to revitalize the Agricultural sector in the country, the Committee on Agriculture in the National Assembly sought collaboration with Research agencies to come up with ways to positively diversify the economy.

 

NIGERIA'S ECONOMY: GROUPS LAMENT LACK OF GROWTH BENEFITS

3 years ago /

The impressive growth of the nation's economy on paper with no visible impact on the lives of the Nigerian people has left Civil societies with no choice but to question excatly what ecnomic policies are being implemented by the government.