Category: Economy

PwC survey predicts distruption of Nigeria’s financial service sector
February 20, 2017 No Responses

PwC survey predicts distruption of Nigeria’s financial service sector

Nigerian Retail banking and Payments sectors will be the most disrupted by a group of new companies building financial technology (FinTech) solutions, PwC’s Nigeria FinTech Survey 2017 report has predicted. According to PwC, the report is the result of insights...
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FG to expand TSA Coverage, says Adeosun
February 15, 2017 No Responses

FG to expand TSA Coverage, says Adeosun

To cover more agencies in 2017, the Federal Government has concluded plans to expand the Treasury Single Account (TSA). Speaking in Abuja on Tuesday at the opening of a two-day retreat on the TSA, the Minister of Finance, Kemi Adeosun...
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Dangote to launch 25,000 hectares of rice scheme in Sokoto
February 14, 2017 No Responses

Dangote to launch 25,000 hectares of rice scheme in Sokoto

Come Wednesday this week, Dangote Rice, a subsidiary of Dangote Group is to launch in Sokoto state it’s multi-million naira 25, 000 hectares of rice Outgrower scheme with a prospect of  hundreds of thousand of employment opportunities for the rural...
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FG constitutes task force on food prices
February 2, 2017 No Responses

FG constitutes task force on food prices

The Federal Governmrnt has constituted a Presidential Task Force to urgently consider measures that would ensure a steady flow of produce to the market and reverse recent price increases. Giving the directive on Wednesday at the Federal Executive Council meeti...
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How to grow liquidity in emerging markets, by WFE
January 26, 2017 No Responses

How to grow liquidity in emerging markets, by WFE

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Nigeria’s goal is to ensure stronger, more robust African Union, says Osinbajo
January 24, 2017 No Responses

Nigeria’s goal is to ensure stronger, more robust African Union, says Osinbajo

Nigeria will continue to work together with other African countries to ensure that the African Union becomes a stronger and more robust organization for the benefit of the continent and its people, the Vice President, Yemi Osinbajo,has said. Osinbajo, who...
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Exchange rate tops agenda as MPC holds first meeting in 2017
January 23, 2017 No Responses

Exchange rate tops agenda as MPC holds first meeting in 2017

Foreign exchange crisis will top the agenda Monday and and Tuesday as the Central Bank of Nigeria’s Monetary Policy Committee (MPC) holds its first meeting in 2017. Members of the committee are also expected to come up with more measures...
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SEC, EFCC seal partnership on efficient investigation, training
January 20, 2017 No Responses

SEC, EFCC seal partnership on efficient investigation, training

To ensure an effective policing of the capital market, the Securities and Exchange Commission (SEC) and the Economic and Financial Crimes Commission (EFCC) have signed a Memorandum of Understanding (MoU). A statement issued by SEC explained that the ceremony t...
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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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