Category: Economy

Catholic Bishops task FG on poverty, unemployment
September 19, 2016 No Responses

Catholic Bishops task FG on poverty, unemployment

THE Catholic Bishops’ Conference of Nigeria (CBCN) at the weekend advised the Federal Government to tackle ongoing economic challenges ravaging the country.   In a communiqué issued at the end of the second plenary meeting held in Akure, Ondo State,...
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FG to reflate economy with N350B
September 17, 2016 No Responses

FG to reflate economy with N350B

The Federal Government has announced plan to boost the economy with additional N350 Billlion.   According to the Minister of Finance, Mrs Kemi Adeosun, plans are also underway to raise $1 Billion from Euro-Bonds by December, this year.  Briefing Journalists....
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How to tackle Nigeria’s economic challenges, by Tinubu
September 13, 2016 No Responses

How to tackle Nigeria’s economic challenges, by Tinubu

To successfully tackle Nigeria’s economic challenges, the National Leader of the All Progressives Congress, (APC), Asiwaju Bola Ahmed Tinubu has challenged Governments at all levels to re-strategise.   Speaking with Journalists on Monday after observing the...
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ILO seeks support for commitment of G20 to tackle inequality
September 6, 2016 No Responses

ILO seeks support for commitment of G20 to tackle inequality

 The Director General of International Labour Organisation (ILO), Guy Ryder has urged leaders to accelerate inclusive development to respond to growing employment and equality challenges.    He also welcomed the commitment taken by G20 leaders to tackle ris...
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NECA blames recession on inadequate policies
September 2, 2016 No Responses

NECA blames recession on inadequate policies

The Nigerian Employers Consultative Association of Nigeria (NECA) has blamed Nigeria’s ongoing economic challenges on inadequate policy direction on the part of the present administration.   President of NECA, Mr Larry Ettah, in his address at the Associati...
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No going back on new minimum wage, says NLC
September 2, 2016 No Responses

No going back on new minimum wage, says NLC

The Nigeria Labour Congress (NLC) yesterday called on  the Federal Government to reconstitute the tripartite committee to negotiate a new minimum wage in view of the current economic recession facing the country.   Speaking at 59th Annual General Meeting, NL...
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Airtel, Nestle CEOs list modalities for improved GDP
September 1, 2016 No Responses

Airtel, Nestle CEOs list modalities for improved GDP

The critical role of private sector in the development of Nigeria’s economy took the centre stage on Wednesday at the second edition of Nigerian Stock Exchange (NSE) Chief Executive Officers (CEOs) roundtable discussions in Lagos.   Some Chief Executive Off...
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Nigeria’s GDP Contracts 2.06% as NBS confirms recession
September 1, 2016 No Responses

Nigeria’s GDP Contracts 2.06% as NBS confirms recession

The National Bureau of Statistics (NBS) confirmed on Wednesday that Nigeria has entered the recession bracket.   The situation is further compounded as the country continues to records job losses occasioned by sustained drop in the price of crude oil...
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South Africa overtakes Nigeria
August 11, 2016 No Responses

South Africa overtakes Nigeria

By Adebisi Emmanuel –   As Nigerians struggle with the reality of economic recession,  South Africa’s economy has regained the position of Africa’s largest in dollar terms more than two years after losing it to Nigeria.   Indeed, based on gross.....
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Declare state of emergency on economy, NUPENG tells Buhari
August 10, 2016 No Responses

Declare state of emergency on economy, NUPENG tells Buhari

By Moses Ebosele –   The Nigerian Union of Petroleum and Natural Gas workers (NUPENG) on Tuesday  expressed worry over what it described as “parlous state” of the Nigerian economy. The union in a statement issued   by its President, Dr Igwe...
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How to revive Nigeria’s economy, by NECA
August 10, 2016 No Responses

How to revive Nigeria’s economy, by NECA

By Moses Ebosele –  Effort by the Federal Government to revamp the economy and stimulate growth in the face of the global economic downturn has been commended by the Nigeria Employers’ Consultative Association (NECA).   The Association in a state...
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Buhari seeks stronger economic ties with Italy
August 5, 2016 No Responses

Buhari seeks stronger economic ties with Italy

(NAN)President Muhammadu Buhari has called for stronger trade and economic relations between Nigeria and Italy. A statement issued by the senior special assistant to the president on media and publicity, by Garba Shehu, explained that  Buhari made the call wh...
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Dangote Cement opts for coal, revenue hits N292.2 billion
August 4, 2016 No Responses

Dangote Cement opts for coal, revenue hits N292.2 billion

By Moses Ebosele –  Come September this year (2016), Dangote Cement will commence use of coal as part of measures to tackle challenges associated with shortage of gas supply.   Briefing the Nigeria Stock Exchange (NSE) on Wednesday in Lagos,...
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‘Dangote refinery will enhance West Africa’
August 3, 2016 No Responses

‘Dangote refinery will enhance West Africa’

By Moses Ebosele –    President of Togo, Faure Gnassingbe and Governor of Lagos State, Akinwunmi Ambode on Tuesday canvassed support for the proposed Dangote Refinery project.   Gnassingbe and Ambode who spoke during a tour of  Dangote Refinery pro...
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