Category: Economy

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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Nigeria seeks $3.5Billion loan from World Bank, AfDB
August 2, 2016 No Responses

Nigeria seeks $3.5Billion loan from World Bank, AfDB

The Federal Government has commenced negotiation for concessionary loans of $3.5 Billion from the World Bank and African Development Bank (AfDB). According to the Minister of Finance, Mrs Kemi Adeosun, the fund will support Government effort to finance the 201...
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TUC explains majority stake in Unity Bank
August 1, 2016 No Responses

TUC explains majority stake in Unity Bank

 By Moses Ebosele –   The Trade Union Congress of Nigeria (TUC) has successfully acquired majority stake in Uity Bank Plc.   Under the arrangement, the Congress will within the next three years invest a total of N80 billion in the...
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Dangote Cement records 15 per cent drop in profit
July 29, 2016 No Responses

Dangote Cement records 15 per cent drop in profit

By Moses Ebosele –   Come August 3, 2016, the management of Dangote Cement Plc will brief the Nigeria Stock Exchange (NSE) and other stakeholders on the financial state of the company especially the 15 per cent drop in its profit...
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Workers task FG on N5.3 trillion pension funds
July 28, 2016 No Responses

Workers task FG on N5.3 trillion pension funds

By Moses Ebosele –   Rising from its National Delegate Conference (NDC) in Abeokuta, Ogun State, Association of Senior Civil Servants of Nigeria (ASCSN) has appealed to the Federal Government to offer ‘adequate protection’ to the N5.3 Trillion work...
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UK Envoy canvasses support for Nigerian capital market
July 28, 2016 No Responses

UK Envoy canvasses support for Nigerian capital market

By Moses Ebosele Despite various economic challenges in Africa, the Nigerian capital market has great opportunities, United Kingdom Trade & Investment (UKTI) Envoy,  John Howell has said.   According to Howell, Nigeria’s capital market is viabrant, not...
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FG explains $42.5 per barrel benchmark for 2017
July 26, 2016 No Responses

FG explains $42.5 per barrel benchmark for 2017

The Federal Government has proposed $42.5 per barrel benchmark for the year 2017.    Presenting the 2017-2019 Meduim Term Expenditure Framework (MTEF)  to civil society group in Abuja on Monday, Minister of Budget and National Planning, Udoma Udoma, explai...
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Lagos targets N30b monthly revenue
July 25, 2016 No Responses

Lagos targets N30b monthly revenue

 (NAN) The Lagos State Government on Sunday said it will reduce dependence on federal allocation by increasing its Internally Generated Revenue (IGR) to a monthly target of N30 billion in 2017. It also said that it would increase the IGR...
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LCCI partners German counterpart on trade, investment
July 24, 2016 No Responses

LCCI partners German counterpart on trade, investment

By Moses Ebosele –  The Lagos Chamber of Commerce and Industry (LCCI) has signed a Memorandum of Understanding (MOU) with Delegation of German Industry and Commerce in Nigeria (DGIC) as part of measures to boost trade, investment and knowledge transfer....
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