News - Business and Economy

Fed Govt Initiates Micro-Credit For Petty Traders

1 month 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

1 month 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

1 month 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

1 month 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

1 month 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

1 month 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

1 month 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

1 month 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

1 month 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

1 month 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

1 month 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%

1 month 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

2 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

2 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

2 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 .

Public, Private Partnerships Focused On Delivering Critical Infrastructure- FG

2 months ago /

The Secretary to the government of the federation, Boss mustapha says government will not compromise the dividends of democracy as it considers and enters into various Public Private Partnerships to deliver critical infrastructure

Academic Seeks Simplification Of Preparation Of Budgets

2 months ago /

Professor Musa Fodio, an expert in Finance and Accounting has called for the simplification of the preparation of the Nigerian Budget at all ties of Government to make it more user friendly.

 

Eritrea President Afwerki Visits Ethopia

2 months 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

2 months 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

2 months 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.