Economy Archives — Page 188 of 231

March 29, 2018 No Responses

FG, States, LGs Share N647.39b

The Easter break as the Federal, State and Local Governments shared the sum of N647.39 billion from the Federation Account. The money was the revenue collection for the month of February 2018 which was approved at the Federation Account Allocation...

March 22, 2018 No Responses

Nigeria Saves N68b On Personnel Cost In 2017

The Minister of Finance, Mrs. Kemi Adeosun, on Wednesday disclosed that the Federal Government saved N68 billion on personnel cost in 2017. This brings the aggregate savings by the Government on personnel cost since 2007 to date to N288...

March 21, 2018 No Responses

FG Targets 7 % Economic Growth In Three Years

The Minister of Finance, Mrs. Kemi Adeosun, has described Nigeria’s economic outlook for the year 2018 and beyond as positive . She stated that the country was now resilient after exiting recession and has the potential to achieve a seven...

March 20, 2018 No Responses

Adeosun: Infrastructure Gulps N2.5tri In Three Years

The Nigerian Government is to sustain ongoing investment in infrastructure across the country. Speaking in Abuja on Monday, Minister of Finance, Kemi Adeosun explained that with over N2.5trillion pumped into infrastructure in the last three years, the coun...

March 17, 2018 No Responses

Buhari To Inaugurate Food Security Council on Monday

Days after he announced the intention of the Federal Government to establish a National Food Security Council, President Muhammadu Buhari has approved the constitution of the Council’s membership. The Council, to be chaired by the President, will be inaugu...

March 16, 2018 No Responses

Industrial Park: NEXIM Bank offers Edo N553b Funding Window

The Nigerian Export-Import (NEXIM) Bank has thrown its weight behind the Benin Industrial Park project with three funding windows running into N553 billion and building of local capacity to meet export standards. The management of NEXIM bank led by its...

March 15, 2018 No Responses

Okomu Oil Palm Unveils 11,400ha Plantation, Targets 2,000 Jobs

Okomu Oil Palm Plc has commissioned 11,400 hectare of oil palm plantation covering over 10 communities in Edo State. The commissioning of the plant held on Wednesday, at the Okomu Extension 2 Plantation in Ovia South West Local Government Area,...

March 15, 2018 No Responses

Experts To Share ‘Game Changers’ In Cassava Farming Systems With Policymakers

The IITA Cassava Weed Management Project and the Building an Economically Sustainable Integrated Seed System for Cassava (BASICS) project will share results of research in weed management and seeds systems in cassava this month. The unveiling of the scientif...

March 14, 2018 No Responses

Adeosun Seeks More Technical, Institutional Support for West Africa

The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday called for more technical and institutional support from the Africa Regional Technical Assistance Center West 2 (AFRITAC West 2) for West African countries. Adeosun made the call while declaring open...

March 14, 2018 3 Responses

Nwankwo Tasks African Countries On Economic Transformation Through Debt Financing

Former Director General of the Debt Management Office (DMO) in Nigeria, Dr Abraham Nwankwo, has advised African leaders to initiate robust macroeconomic, transformation plans to drive debt-financed sustainable economic growth and prosperity. Speaking on the ...

March 13, 2018 No Responses

Financial Fraud: Group Seeks Protection For Ageing Investors

The Board of the International Organization of Securities Commissions on Monday published a report that examines the growing vulnerability of ageing investors to financial fraud and other risks and identifies sound practices for enhancing their protection. T...