Economy Archives — Page 184 of 231

January 10, 2019 No Responses

Korea To Collaborate With Nigeria On Economic Development Goals

The Republic of Korea has pledged to continue effective collaboration with Nigeria to ensure the nation attains its economic development goals. Ambassador of the Republic of Korea, Mr. Intae Lee stated this in a goodwill message at the official opening...

December 24, 2018 No Responses

Hurdles To ECOWAS Single Currency, By Minister

The Chairman of the ECOWAS Council of Ministers, Mr Geoffrey Onyeama says achieving the ECOWAS Single Currency by 2020 will be a challenge. Onyeama said this while responding to questions from newsmen at the end of the 54th Ordinary Session...

November 14, 2018 No Responses

CBN Boosts Forex Market With $210m

In its latest round of intervention, the Central Bank of Nigeria (CBN) on Tuesday, November 13, 2018, injected the sum of $210 million in the inter-bank foreign exchange market. Figures obtained from the CBN indicate that the authorized dealers in...

November 6, 2018 No Responses

Naira Appreciates Against Dollar

The Naira on Monday gained 10 kobo to exchange at N363.64 to the dollar at the investors’ window, stronger than N363.74 posted on Friday. Market turnover at the investors’ window stood at 231.24 million dollars, higher than 226.35 million dollars...

November 5, 2018 No Responses

TSA Cost Gulps N16b In Two Years

The Nigeria Government has spent N16 billion on Treasury Single Account (TSA) transaction costs in two years, Accountant-General of the Federation (AGF) Ahmed Idris has said. He said the government would no longer bear the service charge on all payments...

October 28, 2018 No Responses

Strategic Role Of Entrepreneurship In Africa’s Economic Development, By Elumelu

5,000 African entrepreneurs, private and public sector leaders and the broader entrepreneurship ecosystem convened in Lagos on Thursday, October 25, 2018 for the annual Tony Elumelu Foundation (TEF) Entrepreneurship Forum. The event which is the largest gather...

October 25, 2018 No Responses

Nigeria Projects N8.73trillion For 2019 Budget

Nigeria has projected N8.73 trillion for 2019 budget, about N400 billion less than the N9.12 trillion for 2018. Under the arrangement, oil benchmark assumption has been pegged at $60 by the Federal Executive Council (FEC), which also on Wednesday...

October 22, 2018 No Responses

SEC: Vibrant Commodities Exchange Will Aid Economic Development

The Securities and Exchange Commission (SEC) has said that a more organized Commodities Exchange Market in the country would enhance efficiency and lead to economic growth and development. The Ag. Director General of SEC, Ms. Mary Uduk stated this when she....

October 13, 2018 No Responses

Delta Explains N51billion IGR

Governor Ifeanyi Okowa of Delta on Friday disclosed that the state’s annual Internally Generated Revenue (IGR) has hit N51 billion. The governor stated this at the 14th All Nigeria Editors Conference in Asaba. According to him, the IGR was as...

October 12, 2018 No Responses

Nigeria Targets $22b Foreign Investments In Two Years

The Nigeria Government will attract $22 billion private sector investments through the Economic Recovery and Growth Plan (ERGP) “Focused Laboratories” in two years, Budget and National Planning Minister, Senator Udoma Udo Udoma has said. According to th...

October 1, 2018 No Responses

FSD Africa, SEC Nigeria Seal Partnership On Capacity Building, Capital Market Growth

Nigeria’s Securities and Exchange Commission (Nigeria) has become the first capital market regulator to participate in a flagship pan-African programme designed to strengthen the continent’s capital markets. Under the arrangement, over a three-year ...

September 19, 2018 No Responses

CBN Acquires 2.4b FG’s Shares In NSPM

The Central Bank of Nigeria (CBN) and the Bureau of Public Enterprises(BPE) have signed an agreement for the sale of the Federal Government’s 12.4 billion shares in Nigerian Security Printing and Minting company (NSPM) to CBN. The ceremony was chaired...

September 16, 2018 No Responses

Nigeria Govt Faults HSBC Report

The Presidency wishes to make clear to all Nigerians, and particularly the global banking giant HSBC which said the second term of President Muhammadu Buhari would stunt the economy, that what killed Nigeria’s economy in the past was the unbridled...

September 5, 2018 No Responses

‘Nigeria’s Partnership With China Generates $5b Projects’

Nigeria’s partnership with China through the Forum on China-Africa Cooperation (FOCAC) has resulted in the execution of vital infrastructure projects across the country, valued at over $5 billion in the last three years of the current administration. Preside...