• External reserves shed $1bn in five weeks

    Oyetunji Abioye The country’s external reserves have been depleted by $1bn in the last five weeks, latest statistics from the Central Bank of Nigeria have showed. This follows the CBN’s almost daily intervention at the interbank/official foreign exchange market in recent weeks, as chronic dollar shortage continues to weigh on ...

  • Technology solution, key to business sustainability, says BCX

    Ozioma Ubabukoh THE Business Connexion has stressed the need for small and big enterprises in Nigeria to drive their businesses with technology solutions, if they must remain relevant in business during this period of economic recession. The company is an Information Technology systems integrator company, with operations in Europe, Middle ...

  • Para Renner, governo Temer precisa agir 'o mais rapidamente possível'

    "Vai ser preciso que o governo adote medidas de curo prazo para destravar a economia", afirmou José Galló, presidente da companhia

  • ‘Two-Third Nigerians Need Affordable Housing By 2050’

    The chief executive officer of Nigerian Mortgage Refinance Company (NMRC), Prof. Charles Inyangete, has disclosed that about two-third of Nigerian population will need affordable housing by 2050. Briefing journalists on on the forthcoming African Union for Housing Finance (AUHF) conference in Abuja, he noted that Nigeria, South Africa, Egypt and ...

  • Nigeria: Okowa Woos Investors, Says Delta Has High Return On Investment

    [This Day] Delta State Governor, Dr. Ifeanyi Okowa, has assured local and international investors of high return on investment when they tap into the rich business opportunities that abound in the state.

  • African firms adopt IBM cloud to fuel innovation

    International Business Machines Corporation (IBM) has announced its signature event in Lagos, that eight companies across Africa, spanning some of the fastest growing industries in the region, from telecommunications to retail, have chosen IBM to provide Information and Technology (IT) solutions delivered as a service via IBM Cloud. According to the company during ...

  • Job Creation: Kaduna Launches ‘Waste To Cash’ Project

    Kaduna State Government under the leadership of Malam Nasir el-Rufai in its effort to improve the living condition and well- being of the people of Kaduna State has gone into partnership with a waste management expert company,  ZL Global Alliance (Nigeria) in the collection of waste in a project called ...

  • Candido Felicitates With Residents At Eid el-Kabir, Urges Them To Be Law Abiding

    The chairman, Abuja Municipal Area Council (AMAC), Hon. Abdullahi Adamu Candido has wished the residents of the council  Eid-el-Kabir celebrations and called on residents to live in  peace with one another and support government policies and programmes. Candido in a Sallah message signed by his Chief Press Sectery Dayo Lawal ...

  • Labour To PMB: Anti-graft War Won’t Succeed With Poorly Paid Workforce

    Organised labour has said that prompt payment of the existing owed- salaries by states and local governments and urgent wage increase in both private and sectors linked with productivity improvement, are the smartest and quickest ways  to stimulate the nation’s economy and effectively fight corruption. This is just as it ...

  • Governing Nigeria out of recession (2)

    Eze Onyekpere That we are losing export proceeds of about 700,000 barrels of crude oil a day due to the militancy in the Niger Delta could have been predicted by a layman who followed closely the hard rhetoric and the ethnic and religious cracks in our journey to nationhood that ...

  • CBN extends BVN regime to MfBs, PMIs

    Central Bank of Nigeria (CBN) plans to extend the Bank Verification Number (BVN) registration project to customers of other Financial Institutions (OFIs), its Director, Banking and Payment Systems Department, Mr Dipo Fatokun, has said. The OFIs are Microfinance Banks,  Primary Mortgage Institutions  and others. Fatokun made the disclosure at a ...

  • Economy Will Bounce Back – President Buhari

    President Muhammadu Buhari has saluted Nigerians for their steadfastness in spite of the difficult economic times confronting the country. Buhari, in his Eid-el-Kabir message to Nigerians released in Abuja on Sunday, gave the assurance that his administration would get the economy right. According to him, the Federal Government is “working ...

  • We’ll get economy right, Buhari tells Nigerians

    President Muhammadu Buhari yesterday attributed the economic recession partly to the global downturn and the failure of past governments to save for the rainy day. He made the remark in his Eid-El-Kabir message to Nigerians. The President, however, said his administration was committed to reflating the economy and improving the standard of ...

  • Economy of Lagos and the creative industry, by Steve Ayorinde

    When it was the turn of the leader of the Lagos State delegation to speak, his speech captured the essence of Nigeria’s representation at the festival. He said: “I bring you good tidings from Lagos State and particularly from the governor of Lagos State, Mr. Akinwunmi Ambode. Lagos, as you ...

  • Govt, stakeholders mull tax incentives for stock market

    Ministries,  agencies,  regulators and  stakeholders have launched a scheme to review the tax structure in the capital market – to encourage companies enlist on the stock market. The discussion is targetted at the stock market includes the Ministry of Finance, Federal Inland Revenue Service (FIRS), Securities and Exchange Commission (SEC) ...

  • Capturan a ‘vitroqueros’ que desmantelaban a vehículos frente al mercado Las Capullanas

    Veintiséis de octubre Agentes policiales de la comisaría Los Algarrobos, en Veintiséis de Octubre, lograron capturar a dos vitroqueros que operaban en el mercado Las Capullanas. Se trata de José Luis Campos Sánchez, de 71 años, y Raúl Espinoza Jiménez, de 41. Según versión policial, se intervino a l...

  • Nigeria’s economic turmoil hit Idd fete ram sales hard

    Nigeria officially plunged into recession in August after the second successive quarter of negative growth.

  • How strange gift of N585m house landed Jonathan’s Chief of Staff in trouble

    •EFCC grills ex-Permanent Secretary over looting of N27b, watch-lists insurance firm boss Erstwhile Chief of Staff to ex-President Goodluck Jonathan, Brig. Gen. Jones Oladehinde Arogbofa (rted), would have probably stayed out of trouble today with the Economic and Financial Crimes Commission (EFCC) but for a rather strange gift, The Nation ...

  • CBN to place fraudulent bank customers on watch-list

    The Central Bank of Nigeria (CBN) yesterday said it is working out regulatory framework that would enable it to either blacklist fraudulent bank customers, or at least, place them on watch-list across the banking industry. CBN Director, Banking and Payment Systems Department, ‘Dipo Fatokun who disclosed this at the Finance ...

  • Sallah: Traders groan as Nigeria’s economic woes hit ram sales

    With the naira currency in free fall and inflation soaring, few Nigerians can escape the country’s economic troubles — and that includes Muslims preparing for Eid al-Adha. Livestock traders and buyers said the sale of rams for the annual festival of sacrifice have dropped sharply compared with last year, as ...

  • ‘But For Our Military, We Would Have Since Lost The North East’

    Mal. Kasim Baba Al-Kasim, a public communication consultant is the North East Regional Rapporteur of the Concerned Professional Congress (CPC), a civil advocacy group promoting civic duty, good governance and democracy in Nigeria. In this interview EMEKA ODUM, he speaks on the state of the North East, maintaining that it ...