Category: Economy

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 Journalists Association (NAJA) in...
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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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WFE names new board officers
November 4, 2016 No Responses

WFE names new board officers

At the 56th General Assembly in Cartagena on Thursday, the World Federation of Exchanges (WFE) appointed three new officers of the Board, in line with the organisation’s customary geographical rotation of officers every two years.   The new officers of...
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How to grow liquidity in emerging market exchanges, by Arunma Oteh, others
November 3, 2016 No Responses

How to grow liquidity in emerging market exchanges, by Arunma Oteh, others

The World Federation of Exchanges (WFE), which represents more than 200 market infrastructure providers  on Wednesday  in Cartagena, Colombia held a roundtable to discuss how best to grow liquidity in emerging market exchanges.  The session which form part ...
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2016 Budget: FG releases N2.5trillion
October 28, 2016 No Responses

2016 Budget: FG releases N2.5trillion

Still shopping for a sustainable healing barm for the nation’s troubled economy, the Federal Government has so far released N2.5 trillion from the N6.06 trillion 2016 budget, Minister of Budget and National Planing Udoma Udo Udoma has said.  Also answering...
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FG Seeks NASS approval to borrow $29.9b
October 26, 2016 No Responses

FG Seeks NASS approval to borrow $29.9b

The Federal Government has forwarded a letter to the National Assembly seeking approval to borrow externally $29.9 billion as part of measures to ensure the prompt implementation of projects. In a letter addressed to the Speaker of the House of...
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IMF declares Nigeria Africa’s biggest economy
October 20, 2016 No Responses

IMF declares Nigeria Africa’s biggest economy

Despite ongoing economic challenges, the International Monetary Fund (IMF) has affirmed Nigeria as the biggest economy in Africa ahead of  South Africa and Egypt.   However, the IMF’s World Economic Outlook for October 2016, puts South Africa’s GDP at 28...
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Critical role of capital market data delivery in economic development, by NSE boss
October 19, 2016 No Responses

Critical role of capital market data delivery in economic development, by NSE boss

Capital Market data delivery  play critical role in economic development,  the Chief Executive of Nigerian Stock Exchange (NSE), Mr Oscar Onyema has said.   In his key note address at NSE market data workshop on Tuesday in Lagos, Onyema said...
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‘Made-In- Nigeria products key to sustained economic growth’
October 11, 2016 No Responses

‘Made-In- Nigeria products key to sustained economic growth’

To sustain economic growth, there is the urgent need for Nigeria to focus on Made-in-Nigeria goods and services.   Declaring open the 22nd Nigerian Economic Summit in Abuja on Monday, President Muhammadu Buhari explained that diversification of the Nigerian e...
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