Economy Archives — Page 218 of 235

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...

January 13, 2017 No Responses

Global unemployment to rise by 3.4 million in 2017, says ILO

The global unemployment rate is expected to rise modestly from 5.7 to 5.8 per cent in 2017 representing an increase of 3.4 million in the number of jobless people, says a new International Labour Oeganisation ( ILO) report. According to...

January 13, 2017 No Responses

Strategic benefits of Nigeria Commodity Exchange, by Minister, BPE boss

The Minister of Industry, Trade & Investment, Dr. Okechukwu Enelamah has said that the proposed strategic investment in the Nigeria Commodity Exchange (NCX) by the Nigeria Sovereign Investment Authority (NSIA) is aimed at revitalizing the operations of the...

January 13, 2017 No Responses

NSE Photo News

R: Pai Gamde, Acting Head, Corporate Services Division, The Nigerian Stock Exchange (NSE); Tinuade Awe, General Counsel & Head, Regulation, NSE; Oscar N. Onyema, OON, Chief Executive Officer, NSE; and Adeolu Bajomo, Executive Director, Market Operations &a...

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...

January 12, 2017 No Responses

TinCan Island Port generates N256.4b in 2016

Between January and December 2016, the Tincan island command of Nigeria customs service (NCS) generated n256.4 billion, compared with N266.1 billion in the previous year. The command attribute the slight drop to some factors beyond its control. In a statement...

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...

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, ...

January 10, 2017 No Responses

Motorised weeders demonstrate imperatives of cassava mechanisation

Gasoline powered simple weeders adapted for weeding in cassava farms hold promise and may take off the burden of weeding faced by small-scale farmers in Africa. Initially acquired as tillers, these simple tools are being modified and adapted as weeders...

January 9, 2017 No Responses

‘Beneficiaries of the conditional cash transfer were identified before May 29, 2015’

Details are emerging on how the Federal Government determined the beneficiaries of the Conditional Cash Transfer who are now receiving the N5000 monthly stipends across the nine pilot States. According to the Senior Special Assistant on Media & Publicity...

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...

January 8, 2017 No Responses

Edo to introduce POS for revenue collection, targets 10,000 jobs

Edo State Governor, Mr. Godwin Obaseki has set up modality for the employment of 10,000 workers inline with his promise to create 200,000. Under the arrangement, the State Government is to establish an electronic platform that will collect revenue...

January 8, 2017 No Responses

The A, B, Cs of FG’s N220bn Agric anchor borrowers’ scheme

By John Mayaki – For citizens of Edo State who aren’t in the know of the Federal Government’s N220 billion Micro, Small and Medium Enterprises Development Fund – agriculture anchor borrowers’ scheme, and how they can benefit, this wil...

January 3, 2017 No Responses

FG begins payment of N5,000 to poorest, vulnerable Nigerians

As part of its determined efforts to touch the lives of Nigerians positively, the Federal Government has commenced payment of N5, 000 monthly stipends to the poorest and the most vulnerable in the country through the Conditional Cash Transfer (CCT)...