Economy Archives — Page 216 of 235

February 21, 2017 No Responses

Unauthorised Employment: Labour faults alleged agenda to sack 3,500 workers

Organised Labour under the aegis of Association of Senior Civil Servants of Nigeria (ASCSN) has flayed alleged plan by the Federal Government to sack 3,500 public servants “under the guise that their appointments were irregular and unauthorized”. In a press...

February 21, 2017 No Responses

CBN announces new foreign exchange policy

The Central Bank of Nigeria (CBN) has unveiled a new foreign exchange policy with immediate effect. According to the CBN, in order to ease the difficulties encountered by Nigerians in obtaining funds for foreign exchange transactions, it would henceforth be...

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 insig...

February 16, 2017 No Responses

Nigeria seeks improved trade relations with U.S.

The U.S. Chamber of Commerce’s U.S.-Africa Business Center Tuesday hosted the Nigerian Minister of Industry, Trade and Investment Dr. Okechukwu Enelamah for a roundtable discussion with U.S. business executives at their office in Washington, D.C. The convers...

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...

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...

February 14, 2017 No Responses

FG will intensify war against corruption, says Minister

The Minister of Information and Culture, Alhaji Lai Mohammed, has said the Federal Government will intensify the war against corruption to ensure that all those who abused the collective human rights of Nigerians through mindless looting of the treasury are...

February 9, 2017 No Responses

PwC: How to lift Nigeria’s GDP from 22nd to 14th in Africa by 2050

A new report from the stable of PwC has predicted that Nigeria could move up the GDP rankings in Africa from 22nd place to 14th by 2050. However, the report titled: “The Long View: How will the global economic order...

February 7, 2017 No Responses

‘My conversation with Buhari was focused on economy, Budget’

Acting President Yemi Osinbajo, SAN, has assured the nation that President Muhammadu Buhari is hale and hearty and would return home as soon as he completes the necessary tests recommended by his doctors in the United Kingdom. Prof. Osinbajo gave...

February 6, 2017 No Responses

Worm ‘threatens African farmers’ livelihoods’

By Helen Briggs, BBC News – Scientists are calling for urgent action to halt the spread of a pest that is destroying maize crops is spreading rapidly across Africa. The fall armyworm poses a major threat to food security and...

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...

February 2, 2017 No Responses

Employment Irregularities:SEC gets one week ultimatum

The House of Representatives Committee on Federal Character has given the Security and Exchange Commission, SEC, one week to correct alleged employment irregularities in the commission. The commission was directed to report back to the committee after the dead...

February 2, 2017 No Responses

Contributory pension scheme takes off in Edo

Edo state governor, Godwin Obaseki, on Wednesday appointed 15 pension fund administrators to undertake the enrollment of employees in the state public service in accordance with his 2017 budget presentation speech. A statement by the Chief Press Secretary, Mr....

February 2, 2017 No Responses

FG, UBA restate commitment to development of creative industry

REDTV, an online lifestyle channel that puts the spotlight on Africa with a distinct global appeal, in conjunction with The Naked Convos has premiered a new web-series titled, ‘Our Best Friend’s wedding’. REDTV is supported by the United Bank for...