Category: Economy

Dangote at WEF, canvasses genuine efforts at tackling power deficit in Africa
January 19, 2017 No Responses

Dangote at WEF, canvasses genuine efforts at tackling power deficit in Africa

Foremost industrialist and President of Dangote Group, Aliko Dangote has told the audience at the World Economic Forum (WEF)in Davos, Switzerland that a joint effort between government and private sector to tackle the power deficit remained a key element in...
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How France can help Africa overcome challenges, by Buhari
January 15, 2017 No Responses

How France can help Africa overcome challenges, by Buhari

The partnership between African continent and France has yielded fruits in so many positive ways but France can do more to help Africa overcome its challenges, President Muhammadu Buhari has said.  In a statement issued at the 27th Africa-France Summit...
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Nigeria unveils plan to end hunger by 2030
January 12, 2017 No Responses

Nigeria unveils plan to end hunger by 2030

The Federal Government  has  launched   strategic plan and roadmap to achieve zero hunger by 2030. The plan tagged: “Synthesis Report of the Nigeria Zero Hunger Strategic Review” articulates what Nigeria needs to do to achieve Sustainable Development G...
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PwC: Emerging markets still deprived of fit-for-purpose financial systems
January 11, 2017 2 Responses

PwC: Emerging markets still deprived of fit-for-purpose financial systems

A new report from the stable of PwC has challenged Policymakers, regulators and financial services organisations to be more active as part of measures to shape a financial system “that is fit for purpose”. The report explained that lack of...
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FG explains $300m diaspora bond
January 11, 2017 No Responses

FG explains $300m diaspora bond

The Minister of Finance, Mrs Kemi Adeosun, on Tueadsy explained that the $300 million Diaspora bond  would be rolled out in March this year. Speaking on Tuesday when  the Senior Special Assistant on Foreign Affairs and Diaspora, Mrs Abike Dabiri-Erewa, ...
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Venezuela minimum wage to rise by 50% ‘to combat inflation’
January 9, 2017 No Responses

Venezuela minimum wage to rise by 50% ‘to combat inflation’

(BBC) Venezuela’s government has announced a 50% increase in the minimum wage and pensions amid runaway inflation. President Nicolas Maduro says the move will protect jobs and incomes. Critics say it may worsen the crisis. The opposition accuses Mr Madur...
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FG begins payment of N5,000 to poorest, vulnerable Nigerians
January 3, 2017 No Responses

FG begins payment of N5,000 to poorest, vulnerable Nigerians

As part of its determined efforts to touch the lives of Nigerians positively, the Federal Government has commenced payment of N5, 000 monthly stipends to the poorest and the most vulnerable in the country through the Conditional Cash Transfer (CCT)...
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Buhari pledges to tackle poverty
December 25, 2016 No Responses

Buhari pledges to tackle poverty

 President Muhammadu Buhari has reiterated the resolved of the Federal Government to tackle poverty across the country by stimulating the economy. In his chrismas message on Saturday, Buhari urged Nigerians not to lose hope, but seek divine intervention for t...
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Lack of counter-part funds from FG stalls retirees’ benefits
December 23, 2016 No Responses

Lack of counter-part funds from FG stalls retirees’ benefits

Organized Labour under the aegis of Association of Senior Civil Servants of Nigeria (ASCSN) has urged the Federal Government to release its counter-part funds to the National Pension Commission (PENCOM) so that thousands of retired Public Servants can be paid....
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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 imp...
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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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