• FG cancels plan to build 10,000 PHCs

    …To merge health department for effective performance Federal Government may have put off its earlier plan to build 10,000 primary health care centres across all senatorial zones across the country, it was learnt Thursday. Minister of Health, Prof. Isaac Adewole said the decision to cancel the project was on the ...

  • Nigeria: NGA/NIPCO Enter Strategic Partnership On Gas Investment

    [Leadership] The Nigerian Gas Association NGA and NIPCO are effectively collaborating to promote investment in the country's midstream oil sector.

  • Brasil entra com processo na OMC contra subsídios dos EUA a exportação de aço

    O governo brasileiro dará início a um processo na Organização Mundial do Comércio (OMC) para questionar medidas tributárias que vêm sendo aplicadas pelos Estados Unidos na exportação de produtos siderúrgicos nacionais. O objetivo da ação é eliminar taxas que estão sendo cobradas pelo governo norte-americano e, diferentemente da interpretação brasileira, ...

  • We’re already walking out of recession, says finance minister

    Finance Minister Mrs. Kemi Adeosun, yesterday said Nigeria was already walking out of the economic recession following some positive measures the Federal Government had taken. Mrs. Adeosun added that the recovery plan was to invest more in infrastructure and stop wastage in governance. The Minister, in an interview with reporters ...

  • Tinubu, Atiku, others proffer ways for economic recovery

    Nigeria needs to tap into its enormous natural and human resources to redirect her economy away from dependence on oil revenue and create a broad economic base to harness it tax potential and domestic investments for sustainable growth. This was the submission of political and business leaders yesterday in Lagos ...

  • Check East; Abacha not the only Nigerian Who Looted Funds – Sani

    The Chair­man, Senate Commit­tee on Local and Foreign Debts and Senator repre­senting Kaduna Central Senato­rial District, Shehu Sani, has, Wednesday, urged President Muhammadu Buhari and the Chairman, Economic and Finan­cial Crimes Commission (EFCC) Magu to extend their anti-corruption fight to the Middle East and Far East where he al­leged some ...

  • NGA/NIPCO Enter Strategic Partnership On Gas Investment

    The Nigerian Gas Association NGA and NIPCO are effectively collaborating to promote investment in the country’s midstream oil sector. Both parties asserts that for Nigeria to effectively harness her endowed gas resources there is need for a special policy focus on gas  sector in the nation’s energy mix . Making ...

  • Nigeria’s First General Auction House To Commence Operations

    For the first time in the history of business transactions in the country, a full time general auction house, 3A Auction House, is set to commence operations with a promise to revolutionalise how properties and unserviceable goods are disposed of in the country. Speaking at a packed media briefing, Abi ...

  • Nigeria’s Diesel Power Generator Market To Hit $694m By 2022

    As Nigeria’s energy sector continues to wobble, importers of power generating sets are smiling to the banks and further depleting the country’s scarce foreign exchange, as import of generators continues to boom. A Research and Markets report published by GLOBE NEWSWIRE said that in Nigeria, diesel generator sets with rating ...

  • ‘CBN Not Crowding Out Banks With Intervention Funds’

    The Central Bank of Nigeria (CBN) has reiterated that it has no intention to crowd out financial institutions from financing the real sector, particularly agriculture sub-sector of the economy through its various intervention funds, but rather to complement their efforts. Speaking at the 22 seminar for finance correspondents and business ...

  • UK Govt Reiterates Commitment To Rescuing Chibok Girls

    The United Kingdom Government has reiterated  it’s commitment  to continue to work with Nigeria in order to ensure that the 218 abducted Chibok girls are free as soon as possible. The UK Parliamentary Under Secretary of State for the Foreign and Commonwealth Office (Minister for the Middle East and Africa), ...

  • Nigeria: Buhari Welcomes Indian Business Delegation's Plans to Invest U.S.$5 Billion in Nigeria

    [This Day] Abuja -President Muhammadu Buhari yesterday in Abuja welcomed plans by an Indian Business delegation to Nigeria to invest $5 billion in the Nigerian economy.

  • Nigeria: Is Nigeria's External Debt of Investment Grade?

    [This Day] As Nigeria reforms, restructures and strategises towards pulling back the economy unto a path of inclusive and sustainable growth, it is useful to pay detailed attention to the sectors and subsectors. This is because while summary pictures succeed in showing the prevailing conditions, the secrets to the various ...

  • Empresários pedem ao governo que eleve de 0,1% para 5% alíquota do Reintegra

    Entidades empresariais pediram hoje (28) a elevação da alíquota do Reintegra para 5%, em 2017, aos ministros da Fazenda, Henrique Meirelles, e da Indústria, Comércio Exterior e Serviços (MDIC), Marcos Pereira. Atualmente em 0,1%, a alíquota do programa subirá para 2% em 2017 e poderá ser de 3% em 2018. ...

  • Senate rejects sale of national assets

    …asks FG to forward economic stimulus bill •Nigeria needs to borrow from World Bank, IMF –Obasanjo Senate yesterday asked the Federal Government to come up with an economic stimulus bill and forward same to the National Assembly for immediate passage into law to address the current recession in the country. ...

  • Nigeria’s foreign reserves drop to $24.74bn –Udoma

    Minister of Budget and National Planning, Udoma Udo Udoma, said Nigeria’s foreign reserves have reduced from $26.51bn in the second quarter of 2016 to $24.74bn in September. Udoma said this Tuesday at the 57th annual conference of Nigeria Economic Society, NES, with the theme: “The developmental state and diversification of the Nigerian economy”, holding in Abuja. He said Nigeria had revenue and foreign currency concentration problems, adding that ...

  • Nigeria: Investors Blame Market Woes On Govt Policies

    [Guardian] Capital market stakeholders have bemoaned government economic policies, especially the recent decision by the Central Bank of Nigeria (CBN) to retain interest rate at 14 per cent, They said that the policy was disincentive to investment for both foreign and indigenous investors.

  • Nigeria: Country Looks East to Address Economic Woes - Expert

    [Focac] Abuja -Nigeria will welcome all kinds of support from China, the world's second largest economy to help shore up its growth as the major African economy enters a recession, an expert on China-Africa development issues has said.

  • Nigeria: Buhari Welcomes U.S.$5 Billion Investment From India

    [Vanguard] President Muhammadu Buhari on Tuesday welcomed the proposed five billion dollars investment in Nigeria by visiting Indian business delegation, led by Indian Vice-President Hamid Ansari.

  • Nigeria: Nigeria to Expand Trade With India - Buhari

    [Premium Times] President Muhammadu Buhari Tuesday said Nigeria will continue to expand its relationship with India in the areas of health, education, agriculture, technology and trade.

  • National assets sales: Senate seeks caution

    Govt: no decison  yet The Senate yesterday urged caution in the planned sale of national assets to shore up foreign reserves to bail the country out of recession. The lawmakers accepted the recommendation of a six-man ad-hoc committee set up by the Senate last week to harmonise contributions of senators ...