News - Business and Economy

Buhari Appoints Shonubi As Deputy Governor Of CBN

7 months 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

7 months 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

7 months 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

7 months 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

7 months 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

8 months 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%

8 months 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

8 months 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

8 months 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

9 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

9 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

9 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

9 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

9 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

9 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.

Buhari Seals Pact With Singapore, Switzerland On Taxation, Illegally Acquired Assets

9 months ago /

Following the approval of the Federal Executive Council (FEC), President Muhammadu Buhari on Monday signed two bilateral instruments to strengthen cooperation between the republics Of Singapore and Switzerland.

Bill Gates Slams Buhari’s Economic Recovery Plan

10 months ago /

Co-founder of the Bill and Melinda Gates foundation bill gates says the execution priorities of Nigeria’s economic recovery and growth plan do not reflect the needs of the people. 

Bill Gates Criticises Execution Of Nigeria's Economic Recovery Growth Plan

10 months ago /

Co-Founder of the Bills and Melinda Gates foundation Bill Gates, says the execution priorities of Nigeria's Economic recovery and growth plan do not reflect the needs of the people. 

Osinbajo: FG To Speed Up Rail, Develop Warri, Onitsha Ports

10 months ago /

Vice President Yemi Osinbajo said the Federal Government is taking multi-pronged measures, such as speeding work on the Lagos-Ibadan rail and developing Onitsha and Warri ports to ease the congestion at the nation’s premier port in Apapa.

Ariaria Market Set For Electricity Provision

10 months ago /

The Minister of Power, Works and Housing, Mr Babatunde Fashola says the Federal Government will provide electricity for over 39,000 shops in Ariaria International Markets, Aba in Abia before the end of the year.


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