Economy Archives — Page 236 of 247

September 30, 2016 No Responses

FG implores private sector on economic recovery

The private sector hold the key to the quick recovery of Nigeria’s economy from recession, President Muhammadu Buhari has said. Speaking on Thursday at the 44th Annual General Meeting (AGM) of the Manufacturers Association of Nigeria (MAN) in Abuja, Buhari...

September 27, 2016 No Responses

FG to get $1Billion loan from AfDB

The African Development Bank (AfDB) has approved a $1 billion loan to cover the deficits in Nigeria’s 2016 budget. AfDB President, Akinwunmi Adesina told Journalists on Monday after meeting with Vice President Yemi Osinbajo and other members of the...

September 27, 2016 No Responses

Wema Bank, Bank of Uganda brainstorm on performance management

Wema Bank, recently, hosted some staff of Uganda’s Apex Bank; The Bank of Uganda (BoU), on a week-long knowledge and skills sharing session on Balanced Score Card and Performance Management. Speaking on the BoU’s decision to take a cue from...

September 25, 2016 No Responses

Oil workers threaten nationwide strike

Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has threatened to shut down the country if the Federal Government should carry out its plan to sell national assets to augment revenue...

September 25, 2016 No Responses

World Federation of Exchanges unveils Cyber Resilience Principles

The World Federation of Exchanges (WFE) has published a set of principles around cyber resilience, intended to support and complement guidance already provided by global regulators. According to WEF, the principles have been drafted in consultation with memb...

September 22, 2016 No Responses

‘Reshuffle your cabinet now’

As Nigeria’s economic crisis continue unabated, some Senators have urged President Muhammadu Buhari to reshuffle his cabinet. Specifically, the Deputy Senate President, Ike Ekweremadu, has advised President Buhari to redeploy the Minister of Finan...

September 20, 2016 No Responses

Kachikwu, Adeosun, others list way out for Nigeria’s economy

(NAN) The Minister of State for Petroleum, Ibe Kachikwu, has identified seven key implementation strategies to boost the petroleum industry and enable export of refined products by 2019. He announced this at the Presidential Quarterly Business Forum between th...

September 19, 2016 No Responses

Catholic Bishops task FG on poverty, unemployment

THE Catholic Bishops’ Conference of Nigeria (CBCN) at the weekend advised the Federal Government to tackle ongoing economic challenges ravaging the country. In a communiqué issued at the end of the second plenary meeting held in Akure, Ondo State,...

September 18, 2016 No Responses

FG targets $8b from post-harvest food storage

AS part of measures to lift the economy and sustain ongoing diversification to agriculture, the Federal Government has unveiled fresh agenda to save not less than $8 Billion from post-harvest food storage. Specifically, the Federal Government intends to a...

September 16, 2016 No Responses

‘Let’s think out-of-the-box’

President Muhammadu Buhari has pledged to partner all stakeholders as part of measures to find permanent solution to the economic challenges confronting Nigeria. Speaking at a retreat in Abuja attended by Ministers, representative of the private sectors, am...

September 15, 2016 No Responses

Resign, PDP tells Buhari

The Peoples Democratic Party (PDP) has called on President Muhammadu Buhari to resign over alleged inability of the present administration to tackle the nation’s economic challenges. Spokesman for the PDP caretaker committee, Dayo Adeyeye in a statem...

September 15, 2016 No Responses

Guinness Nigeria targets South African market

(Bloomberg) Guinness Nigeria Plc plans to increase exports to improve sales and generate more foreign exchange as the country’s second-largest brewer battles to overcome an economic slump in its home market. The unit of London-based Diageo Plc will cons...

September 15, 2016 No Responses

Unity Bank sacks 213 workers

The Management of Unity Bank Plc sacked 213 of its workforce. A source explained that the exercise form part of the financial institution’s plan to reposition its operations. Contacted on Wednesday, a highly placed source within the Bank...

September 14, 2016 No Responses

FG raises 10-member team on agric roadmap

A ten-member committee has been inaugurated by the Federal Ministry of Agriculture and Rural Development (FMARD) to drive the successful Implementation of Nigeria’s Agric Sector Policy Roadmap, the “Green Alternative”. According to the ministry, t...