Category: Economy

Whistle blowers to get 5 % of looted funds
December 22, 2016 No Responses

Whistle blowers to get 5 % of looted funds

Whistle blowers with credible information are to get 5 per cent of the looted funds when recovered. According to the Federal Government, the programme was designed to encourage anyone with information about a violation, misconduct or improper activity that impacted...
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Global wage growth falls to lowest level in four years
December 17, 2016 No Responses

Global wage growth falls to lowest level in four years

Wage growth around the world has decelerated since 2012, falling from 2.5 per cent to 1.7 per cent in 2015, its lowest level in four years . If China, where wage growth was faster than elsewhere, is not included, growth...
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Buhari presents N7.2tri Budget for 2017
December 15, 2016 No Responses

Buhari presents N7.2tri Budget for 2017

President Muhammadu Buhari on Wednesday presented a N7.298 trillion 2017 budget before the joint session of the National Assembly. The presentation was made in Abuja with members of the senate and House of Representatives in joint session. President Buhari exp...
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‘Nigeria’s 2017 budget’ll tackle recession’
December 12, 2016 No Responses

‘Nigeria’s 2017 budget’ll tackle recession’

President Muhammadu Buhari has assured Nigerians that the 2017 Appropriation Bill would take Nigeria out of the ongoing economic recession. In his Eid-el Maulud message, Buhari explained that with collective dedication and hard work, Nigerians would in 2017 ov...
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FG unveils 10-point agenda for economic growth
December 11, 2016 No Responses

FG unveils 10-point agenda for economic growth

The federal government has outlined a 10-point fiscal roadmap to reset the economy to a path of growth. The Minister of Finance, Mrs Kemi Adeosun revealed the outline when she represented Vice President Yemi Osinbajo, at the annual dinner of...
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Citigroup, others to issue Nigeria’s $1b Eurobond in 2017
December 8, 2016 No Responses

Citigroup, others to issue Nigeria’s $1b Eurobond in 2017

The Federal Executive Council (FEC) has approved the appointment of transaction parties for the one billion dollars Eurobond to be issued in January, 2017. Speaking after the Federal Executive Council (FEC) meeting on Wednesday, the Minister of Finance Mrs Kem...
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‘PayU’ payment system debuts in Nigeria
December 5, 2016 No Responses

‘PayU’ payment system debuts in Nigeria

A global online payment service provider “PayU” has been introduced in Nigeria with innovations that will continue to make the market more competitive. The PayU Payments Nigeria Limited with trading name as “PayU”, according to its Coun...
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How I bounced back after losing N20billion, by Maduka, Coscharis boss
November 28, 2016 No Responses

How I bounced back after losing N20billion, by Maduka, Coscharis boss

Foremost industrialists and President of Coscharis Group, Dr Cosmos Maduka has advised individuals who strive for success to put modalities in place to counter unexpected challenges. Speaking during an interactive session with members of Nigeria Auto Journalis...
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FG expends N1.1tri on debt servicing in nine months
November 22, 2016 No Responses

FG expends N1.1tri on debt servicing in nine months

The Federal Government has spend not less than N1.1 trillion on debt servicing in the last nine months, the Minister of Budget and National Planning, Senator Udoma Udo Udoma, has said.  According to the minister, this also includes N44 billion...
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Nigeria’s GDP drops by 2.24% in 3rd quarter
November 22, 2016 No Responses

Nigeria’s GDP drops by 2.24% in 3rd quarter

For the third quarter 2016, Nigeria’s Gross Domestic Product (GDP) dropped by 2.24 per cent.  Data released on Monday by the National Bureau of Statistics (NBS) revealed that Nigeria’s economy shrunk by 2.06 per cent due to revenue shortage, foreign...
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Inflation hits 18.3 %
November 15, 2016 No Responses

Inflation hits 18.3 %

The National Bureau of Statistics (NBS) in a report released on Monday in Abuja said  Consumer Price Index (CPI) increased to 18.3 per cent (year-on-year) in October from 17.9 per cent recorded in September. The CPI, which measures inflation, is...
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FG spends N750B for infrastructure development in five months, says Minister
November 13, 2016 No Responses

FG spends N750B for infrastructure development in five months, says Minister

As part of measure to reposition Nigeria’s economy, the Federal Government in the last five months mobilized not less than N750 Billion for infrastructure development.   Speaking in Lagos on Saturday at the 2016 Wealth Creation Platform organized by KICC...
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Business leaders seek fresh path to prosperity in SouthWest, lauds Awolowo
November 7, 2016 No Responses

Business leaders seek fresh path to prosperity in SouthWest, lauds Awolowo

All is now set for business leaders from the South West to hold Economic Summit in Ibadan, Oyo State between November 18 and 25, 2016.       The gathering is expected to identify challenges confronting the region and how to overcome...
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Shareholders should take advantage of recession, says Oderinde
November 7, 2016 No Responses

Shareholders should take advantage of recession, says Oderinde

The Proactive Shareholders Association of Nigeria (PROSAN) has advised members to take advantage of the present economic recession in Nigeria.    Addressing members during a meeting in Ibadan, Oyo State, the  National Coordinator of PROSAN, Taiwo Oderinde e...
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