Business

Experts fault IMF boss over Nigeria’s debt profile

Economic analysts have faulted the Managing Director of the International Monetary Fund, IMF, Ms. Christine Lagarde, saying that the country’s debt to GDP ratio was in the balance, therefore, can raise funds from the bond market to finance development.

Lagarde had expressed concern over N [...]

Mon, 11 January 2016


FG assures Nigerians, Nothing to fear over Lagarde’s visit

Some Nigerians have expressed fears over the visit of the Managing Director of the International Monetary Fund, IMF, Ms Christine Lagarde, with many seeing it as a bait to lure the country into taken an IMF loan.

These fears were however allayed with President Muhammadu Buhari’s bold decl [...]

Sun, 10 January 2016


FG gets 53% of November revenue allocation

Over N369 billion was last week distributed among the three tiers of government, as statutory allocation for November 2015, the federal government has said.

Briefing journalists at the end of the monthly outcome of the Federation Accounts Allocation Committee meeting in Abuja, Minister of Finan [...]

Thu, 31 December 2015


Yuletide: Traders decry non-payment of workers’ salaries

Traders in the federal capital territory have decried the non-payment of workers’ December salary even as they say it has negatively affected patronage in major markets.

Some of the traders who spoke with The Abuja Inquirer said patronage have been relatively low, compa [...]

Thu, 31 December 2015


RMFAC backs Buhari on fuel subsidy removal

The Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, has commended the federal government’s decision to remove subsidy on petroleum products, describing the subsidy policy as a financial burden that Nigeria must urgently discard.

President Muhammadu Buhari had in his 2016 bud [...]

Thu, 31 December 2015


Overview of 2016 Budget of Change

Conflicting views have continued to trail the 2016 budget proposal, with some analysts expressing worry over the successful implementation of the N6.08trillion ’Budget of Change.’

The budget, which President Muhammad Buhari, has described as one that would stimulate the economy, wit [...]

Thu, 31 December 2015


FG to unbundle NNPC into four companies

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has said the Nigerian National Petroleum Corporation, NNPC, would soon be unbundled into four companies for efficient operation.

Kachikwu, who stated this in Abuja during a press conference, said the unbundling is part of the final [...]

Sun, 20 December 2015


New companies to generate over 1000 megawatts - NERC

The eight newly licensed electricity generating companies, GENCOs, are expected to boost power generation with a combined capacity to generate 1,648.25 megawatts of electricity, the Nigerian Electricity Regulatory Commission, NERC, has hinted.

According to the commission, the licences is a mixt [...]

Sun, 20 December 2015


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