Category: Economy

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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‘How to boost growth, decent work in BRICS countries’
October 3, 2016 No Responses

‘How to boost growth, decent work in BRICS countries’

The International Labour Organisation (ILO) Director-General, Guy Ryder, has welcomed the Joint Declaration issued by the BRICS’s Labour and Employment Ministers at the end of their second summit in New Delhi.   Addressing participants at the second day of ...
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FG implores private sector on economic recovery
September 30, 2016 No Responses

FG implores private sector on economic recovery

The private sector hold the key to the quick recovery of Nigeria’s economy from recession, President Muhammadu Buhari has said.  Speaking on Thursday at the 44th Annual General Meeting (AGM) of the Manufacturers Association of Nigeria (MAN) in Abuja, Buhari...
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FG to get $1Billion loan from AfDB
September 27, 2016 No Responses

FG to get $1Billion loan from AfDB

The African Development Bank (AfDB) has approved a $1 billion loan to cover the deficits in Nigeria’s 2016 budget.    AfDB President, Akinwunmi Adesina told Journalists on Monday  after meeting with Vice President Yemi Osinbajo and other members of the...
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Adesina, AfDB President begins first official visit to Nigeria
September 26, 2016 No Responses

Adesina, AfDB President begins first official visit to Nigeria

      President of the African Development Bank (AfDB), Akinwumi Adesina, will visit Nigeria from September 26–28, 2016, on his first official visit to the country since his appointment last year.   A statement issued by AfDB explained that Adesina...
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Dangote targets $20billion investment
September 26, 2016 No Responses

Dangote targets $20billion investment

Despite current economic challenges, Dangote Group has announced plan to invest $20billion in Nigeria and other parts of the African Continent. A statement by the group explained that Chairman of the Group, Aliko Dangote, made the commitment in New York,...
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‘Reshuffle your cabinet now’
September 22, 2016 No Responses

‘Reshuffle your cabinet now’

As Nigeria’s economic crisis continue  unabated, some Senators have urged President Muhammadu Buhari to reshuffle his cabinet.  Specifically, the  Deputy Senate President, Ike Ekweremadu, has advised  President Buhari to  redeploy the Minister of Finan...
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Kachikwu, Adeosun, others list way out for Nigeria’s economy
September 20, 2016 No Responses

Kachikwu, Adeosun, others list way out for Nigeria’s economy

(NAN) The Minister of State for Petroleum, Ibe Kachikwu, has identified seven key implementation strategies to boost the petroleum industry and enable export of refined products by 2019. He announced this at the Presidential Quarterly Business Forum between th...
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