News - Business and Economy

Rebased GDP: The Facts And Fiction

5 years ago /

Debates have been on since the Nigerian economy was rebased early in April 2014 to make it the largest economy in Africa.    

Nigeria's Inflation Rate Increases By 0.1%

5 years ago /

Nigeria’s inflation rose to 7.9% year on year in April up from the 7.8% recorded in March.  

Bankers And Lawmakers Dialogue On Banking Reforms

5 years ago /

Nigerian bankers want speedy passage of Banking and Finance Bill currently in the National Assembly to ease banking and financial operations in the country.    

Acting CBN Governor Calls For Harmonization Of Proceeds From Oil

5 years ago /

The acting governor of the central bank of Nigeria, Sarah Alade has called for the harmonization of proceeds from oil in the sovereign wealth fund and the excess crude account.

President Jonathan Inaugurates Committee On Industrial Revolution Plan

5 years ago /

President Goodluck Jonathan on Monday inaugurated advisory committee on industrial revolution plan with the mandate to address the issues that have held back the Nigerian non–oil sector.

CBN Tasks West African Countries to Improve Legislature To Tackle Money Laundering

5 years ago /

The Central Bank of Nigeria, CBN, calls on West African countries to ensure that good criminal legislative structures are in place and properly reviewed to counter issues of money laundering in the region.  

Delta State Benefitted Immensely From Partnership With Development Partners - Finance Commissioner

5 years ago /

The Delta state government says the state has benefited immensely through its partnership with international development partners especially in areas of technical and financial support.  

Tukur Praises Nigerian Government For Hosting WEFA

5 years ago /

The President of African business roundtable and former chairman of the peoples democratic party, PDP, Bamanga Tukur, has praised the Nigerian government for successfully hosting the World Economic Forum for Africa, describing it as a right step towards placing the country on the world economic map.            

Governor Oshiomole Warns LG Chairmen Against Double Taxation

5 years ago /

Edo State governor, Adams Oshiomhole has cautioned chairmen of the eighteen local government areas extorting money from members of the public under the guise of taxation.  

Bayelsa State Government Promises To Recover N25billion Illegally Deducted From Accounts

5 years ago /

Governor Seriake Dickson wants his finance team to work with the finance committee of the Bayelsa state house of assembly to reconcile discrepancies and recover the N26 billion illegally deducted from the state by ten banks from 2007 to 2012.    

ICPC Calls On Public Office Holders To Shun Corruption

5 years ago /

For the nation to sustain its present status as Africa’s largest economy, public office holders in the country have been reminded of the need to help promote integrity and security of lives.  

Mikano And Schneider Electric Sign MoU On Power Generation

5 years ago /

Mikano International Limited, makers of world class generators and Schneider Electric, in Lagos signed a partnership deal aimed at ensuring steady power supply in Nigeria.    

Olusegun Aganga Urges Investors To Explore Nigeria's Growth Potential

5 years ago /

Nigeria’s minister of Industry, Trade and Investment, Olusegun Aganga has charged investors to take advantage of the World Economic Forum to explore the country’s potentials and its growing market.  

WEF: What Benefits Does It Portend For Nigeria?

5 years ago /

As world leaders converge in Abuja, Nigeria’s capital for the 2014 World Economic Summit, what does the country stand to gain? And to what extent can the outcome of the World Economic Forum help Nigeria to harness its local and international investment potentials?  

African Leaders Discuss Ways To Improve Power In The Region At WEF

5 years ago /

African leaders attending the on-going World Economic Forum in Abuja discussed on how to review the place of the power sector in promoting economic and industrial growth in the continent. They were quick to admit that the privatization of the power sector to encourage foreign private investments is critical to the attainment of the desired growth in Africa.  

FG To Stop Unhealthy Business Competitions In The Country

5 years ago /

The Federal Government has expressed its readiness to stop unhealthy competition in the country, as it would prevent consumers, business and private sector’s monopolies and cartels. 

World Economic Forum Kicks Off In Abuja

5 years ago /

The 24th World Economic Forum on Africa kicks off in Abuja today. The theme of this year’s summit is ‘Forging inclusive growth, creating jobs’, which has been a major talking point in most African countries for a long time and seems to have aligned with the medium and long-term aspirations and commitments of the Federal Government of Nigeria.  

World Economic Forum Pre-Event

5 years ago /

All hands seem to be on deck at ensuring a hitch-free World Economic Forum on Africa 2014 holding in Abuja.

Dangote Cement Shareholders Received N7 Per Share As Dividend During AGM

5 years ago /

One of Nigeria’s leading manufacturing company Dangote Cement PLC has unfolded plans to commission a new 9 million tonne capacity plant by July 2014 to meet increasing demands.    

Nigeria and China Sign MoU on CADFUND

5 years ago /

The Nigerian government and The China Development Bank, CDB has signed a Memorandum of Understanding that will primarily facilitate increase in Chginese investments into Nigeria through the China Africa Development Fund, CADFUND.  


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