Recession not caused by monetary issues - CBN

The Central Bank of Nigeria has said the current economic recession being experienced in the country was not caused by monetary issues, insisting the apex bank had employed every necessary means to save the country from the challenge.

Governor of the bank, Mr. Godwin Emefiele, said the CBN had [...]

Fri, 28 October 2016

Nigeria improves on ease of doing business

Despite the economic challenges facing the country, Nigeria is seen as one of the few countries that support growing businesses within its territory.

The country ranked 32nd position in terms of protecting minority investors on the World Bank’s Ease of Doing Business Index for 2017.

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Fri, 28 October 2016

FG to implement “climate-smart’ agriculture

The Federal Government said it will implement “climate-smart” agriculture under the Nigeria’s National Determined Contributions, NDC, programme.
The Minister of State for Agriculture and Rural Development, Senator Heineken Lokpobiri, said to achieve the implementation, Nigeria [...]

Sat, 22 October 2016

Federal revenue drops by N90.27bn in September

Revenues into government coffers again suffered a major decline following the lower volume of oil exports recorded in September 2016.
Funds realised in the federation account were said to have drooped by N90.27bn in the month of September leading a drop in allocations to the three tiers of gover [...]

Sat, 22 October 2016

Telecom operators faults NCC’s 2.6GHz spectrum auction

Some telecommunication operators in the country said they stayed away from the recent auction for spectrum license, to protest what they believe was pre-arranged to allow big operators win the license.
The Nigeria Communications Commission, NCC, had in June this year, announced MTN Nigeria as th [...]

Sat, 22 October 2016

RMAFC backs $15bn cash for oil deal with India

Reactions have continued to trail the proposed ‘cash for crude oil’ deal between Nigeria and India, as many have describe it as a more reasonable means to shore up the country's reserve.
The federal government had last week revealed that it is expecting a minimum investment of $1 [...]

Sat, 22 October 2016

IMF rating: Group tasks Nigerians to keep faith

With the recent rating of the Nigeria's economy as being the largest in Africa by the International Monetary Fund, 
IMF, the Buhari Media Support Group, BMSG, has urged Nigerians to reposekeep faith in the APC-led federal government as President Muhammadu Buhari’s administration e [...]

Sat, 22 October 2016

FG, states to review World Bank projects in Nigeria

The federal government has said it will be meeting with the state governments to review some World Bank assisted projects in their domains, with the view of transferring failing projects to more viable states.

Such projects, the federal ministry of finance explained, have stalled the implementa [...]

Sat, 22 October 2016


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