News - Business and Economy

APC Convention Promotes Brisk Business

20 hours 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

1 week 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

1 week 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

1 week 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

1 week 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 weeks 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 weeks 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

3 weeks 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

3 weeks 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

1 month 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

1 month 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%

1 month ago /

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

CBN Injects $210m Into Forex Market

1 month ago /

The Central Bank of Nigeria (CBN) has pumped $210 into the market to boost the inter-bank Foreign Exchange.

AFDB To Support Nigeria, Others On Industrial Policy

1 month ago /

The African Development Bank (AfDB) says it will support five countries with industrial policies to help boost development in the region.

Bank Credit Survey Report Shows Increase In Secured Credits

2 months ago /

The Credit Condition Survey Report (CCSR) of the central bank of Nigeria (CBN) shows that Nigerian deposit money banks have been allocating higher credits to different sectors of the economy in the first quarter (Q1) 2018.

Nigerian Stock Exchange Closes On A Positive Note

2 months ago /

The Nigerian stock market closed Monday on a positive note, as all share index appreciated by +0.14% to close at 40,987.71 basis points as against +0.29% appreciation recorded previously.

Delta State Government Embraces International Best Practices In Budget Preparation

2 months ago /

The Delta state government under Governor Okowa says it has adopted international best practices in budget preparation process and has prepared three editions of the fiscal strategy paper, in line with the fiscal responsibility law.

Scarcity Of Dollar Hits Forex Market In Abuja

2 months ago /

Reported scarcity of dollars may have just thrown the foreign exchange market in Nigeria into another round of volatility in the parallel market.

Nigeria To Record Improved World Bank Rating On Ease Of Doing Business

2 months ago /

The presidential enabling business environment council says Nigeria will record an improvement when the world bank rating on the ease of doing business is released at the end of April.

New CBN DGs, MPC Members Resume Duties

2 months ago /

The Central Bank Of Nigeria’s new Deputy Governors, Aisha Ahmad and Edward Lametek Adamu have formally resumed duties, following the confirmation of their appointments last week by the Nigerian Senate.


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