• To sell or not to sell?

    Last week, Africa’s top business mogul, Aliko Dangote, along with Emir of Kano and former Governor of Nigeria’s Central Bank, Malam Mohammed Sanusi II, stirred the hornet’s nest when they proposed that the government should sell off some of its assets to plug the huge gap in its revenue stream ...

  • ‘We’ll use current crisis to unlock economy’s potential’

    Ifeanyi Onuba, Abuja The Federal Government on Tuesday said it would use the current economic crisis to unlock the potential of key sectors of the economy. The Minister of Budget and National Planning, Senator Udo Udoma, stated this at the 57th conference of the Nigerian Economic Society held in Abuja. ...

  • NNPC to pay for JV cash call arrears through royalties

    Everest Amaefule, Abuja The Nigerian National Petroleum Corporation says it has started working out modalities that will enable it to exit Joint Venture cash call arrears by ensuring that outstanding and future payments are liquated from oil and gas royalties and taxes under a first line charge model. The Group ...

  • Committee recommends merger of Customs, FIRS

    Ifeanyi Onuba, Abuja The National Tax Policy Review Committee that was constituted by the Federal Government last month has recommended the merger of the Federal Inland Revenue Service and the Nigeria Customs Service. The committee, headed by Prof. Abiola Sanni, was set up on August 10 by the Minister of ...

  • Lagos lauds PATHS2 on maternal, child health

    The Lagos Commissioner for Health, Dr. Jide Idris, has commended Partnership for Transforming Health Systems Phase 11 (PATHS2) team, for their support and partnership with Lagos Ministry of Health in implementing programs of Maternal and Newborn Health in the state. Dr. Idris, who spoke during The Lagos PATHS2 End of ...

  • SPDC shuts Trans Niger Pipeline export route in Ogoni

    The Shell Petroleum Development Company of Nigeria Limited says it has shut the Trans Niger Pipeline in Gio, Tai Local Government Area of Rivers. In a statement in Port Harcourt on Tuesday, Mr Joe Obari, SPDC spokesman, said a fire was observed on the right of way of the Trans ...

  • Alleged Money Laundering: Senate To Probe Buhari’s Minister, Others

    The Senate on Tuesday resolved to investigate what it called “unscrupulous violation of the Foreign Exchange (Monitoring and Miscellaneous) Act” by a serving minister, Mr. Okechukwu Enelamah, who is the Minister of Trade and Investment, MTN Nigeria and six other persons. MTN is particularly accused of illegally repatriating $13.92 billion ...

  • Nigeria: 'Investment in Tourism Will Revitalise Ailing Economy'

    [This Day] The Osun State House of Assembly has called for more investments in the tourism and hospitality sectors to resuscitate the troubled economy.

  • Nigeria: Nigeria Keen On Cooperation With Chinese Investors

    [Focac] Lagos -Nigeria needs to partner with Chinese investors to bridge the country' s huge financing gap in the areas of consumer industries, agriculture, infrastructure and telecoms, a top official said Friday.

  • International funders coming with single digit interest loans

    An organised private sector group, Eko Business Dinner,is bringing international funders ready to offer Nigerians loans on single  interest digit. Its Head of Operations,Mr. Chime Nwagbara,  said  reducing bank lending rates to single-digit levels will benefit most businesses. He said with the recession,  businesses which are the lifeblood of the economy need ...

  • Ambode: Lagos committed to rule of law, justice

    •New legal year begins with religious services Lagos State Governor Akinwunmi Ambode yesterday restated his administration’s commitment to the rule of law. Describing the judiciary as the citizens’ last hope, he vowed to carry out judicial reforms. He spoke at the Cathedral Church of Christ during a special service to ...

  • Economic meltdown: Asset sales to the rescue

    In this contribution to the debate on the economy, entitled: “Letter to my countrymen: Averting an economic meltdown via the right type of asset sales”, Mr. Atedo Peterside suggests that the country needs a mix of well-thought out policies to revitalise the troubled economy. The economist and investment banker cautions ...

  • FG plans to sell 5% of its NLNG shares …insists on repurchase option

    Eniola Akinkuotu, Abuja The Federal Government is planning to sell at least five per cent of its shares in the Nigeria Liquefied Natural Gas company, The PUNCH has learnt. Impeccable sources in the Presidency told our correspondent that the move had become necessary as part of efforts to revive the ...

  • Recession: Fed Govt lists conditions for assets sale

    Peterside, Soludo, NLC offer recipes MORE facts are coming up on the Federal Government’s plans to sell some assets in a bid to push back the recession that has hit the economy. Certain conditions must be met before the sale, which is expected to boost Nigeria’s foreign reserves – a ...

  • Transforming agriculture to address climate change and other global challenges

    Source: Food and Agriculture Organization of the United Nations Country: WorldThe agricultural sector must transform itself not only to achieve food and nutrition security for all, but also to help address climate change and antimicrobial resistance, the FAO's DG said.FAO's Committee on Agriculture focuses on innovation to achieve food security and ...

  • Nigeria: Tunde-Anjous - Axa Mansard Funds Launched to Provide Clients' Investment Needs

    [This Day] The Chief Executive Officer, AXA Mansard Investments Limited, Deji Tunde-Anjous, in this interview with Nosa Alekhuogie affirms that the launch of AXA Mansard Money Market Fund and AXA Mansard Equity Income Fund is in line with the firm's promise to deliver investment solutions built around clients' needs. Excerpts:

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

    [Daily Trust] As Nigeria reforms, restructures and strategizes 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 ...

  • Jimoh Ibrahim calls for National Commission for recession

    •commends Adeosun The Group Managing Director of Energy Group and Publisher of the National Mirror Newspapers, Dr. Jimoh Ibrahim, has advised the Federal Government to urgently set up a National Commission for Recession Management (NCRM) at the Federal, State and Local Government levels. This is important if Nigeria wants to come out of economic recession, the business mogul said. Ibrahim said this economic strategy will ...

  • NDLEA arrests cocaine suspects using new courier methods at Lagos Airport

    Officials of the National Drug Law Enforcement Agency, NDLEA, attached to the Murtala Muhammed International Airport, MMIA, Lagos, have arrested two suspected drug traffickers found with wraps of a narcotic drug that tested positive as cocaine, estimated at 485 grammes. One of the suspects was caught hiding the illicit drug in the collar of his jacket, a new method adopted by couriers of drugs. He was on ...

  • Nigeria calls for establishment of Africa skills fund dev.

    Nigeria has called  on the United States to assist in establishing an Africa Skills Development Fund to facilitate the training of skilled manpower among the army of unemployed African youths. A statement issued in Abuja Sunday said the Minister of Labour and Employment, Chris Ngige, made the call at the Labour and Trade Ministerial roundtable of the Africa Growth and Opportunity Act, AGOA, held in Washington ...

  • Sale Of National Assets Will Reduce Borrowing – Adeosun

    Minister of finance, Kemi Adeosun, has spoken out in support of the proposal for Nigeria to sell off some of its national assets to raise funds to reflate the economy out of recession, saying the move will reduce government borrowing. Adeosun made this comment during a meeting with business editors ...