economic

A report, African Investment Index 2016, published by Quantum Global’s, an independent research arm of Quantum Global Research Lab, showed that Nigeria has attracted a net foreign direct investment of US$3.1 billion in 2015. The report also ranked Nigeria the nineteenth most attractive economy for investments flowing into the African continent.According to the report, the […]Read More

MTN logo Nigeria telecommunication giant, MTN Nigeria has said that it would list its shares on the Nigerian Stock Exchange this year. MTN General Manager, Mr Nikiwe Tsaagane, made this known when he paid a courtesy visit to Dr Ogbonnaya Onu, Minister of Science and Technology. Tsaagane said the efforts would help to fast-track improvement […]

stock market stock market Equities’ investors at the stock market are smiling to the bank as they netted more than N2.2 trillion gains in the first half of the year. Most quoted equities closed the first half at the weekend at their four-year best performance with double-digit returns ahead of inflation. Most investors saw their […]

CBN,The Central Bank of Nigeria sold N31.94bn ($104.76m) in Treasury bills in a bid to tighten liquidity in the money market while overnight lending rate fell. Traders said the bank sold N31.52bn of 349-day Treasury bill at 18.59 per cent and N440m of 160-day Treasury bill at 17.98 per cent at an auction on Friday, […]Read More

Diesel retail prices nationwide are falling and the Nigerian National Petroleum Corporation (NNPC) has attributed the continuous slide to its sustained strategic intervention. A national survey by Oil and Gas Forum, NNPC’s weekly TV programme, indicated that in the last few weeks, the price of diesel has fallen steadily from between N175 and N200 per […]

…Wants 15% of total National Budget for Health.   Unless urgent steps are taken by the Federal states and Local Governments to properly fund HIV/AIDS control, prevention, treatment and care, Nigeria’s labour population is gradually being depleted, the Network of People Living with HIV/AIDS in Nigeria(NWPWHAN) has said. The National Coordinator of NEPWHAN, Mr. Victor […]Read More

Kemi Adeosun Kemi Adeosun The Federal Government will deploy and heavily rely on technology to increase tax compliance under the recently launched Voluntary Asset and Income Declaration Scheme (VAIDS). Minister of Finance, Mrs. Kemi Adeosun has said. In an interview on Channels Television, the Minister explained that the signing of an Executive Order by the […]

Kemi Adeosun Kemi Adeosun The Federal Government has made good its promise of rejuvenating the Nollywood Industry by injecting and distributing the 2nd and last tranche of N420.2million to 105 beneficiaries of the Innovative Distribution Fund(IDF). Deputy Director, Information of the Federal Ministry of Finance, Mrs Patricia Deworitshe in a signed statement made available to […]

Naira against dollar Naira against dollar The Naira has appreciated against the dollar at the parallel market barely 24 hours after the Central Bank of Nigeria (CBN) injected 195 million dollars into the foreign exchange market. The Naira closed at N366 to the dollar at the end of trading on Thursday afternoon at the parallel […]

Yemi Osinbajo Yemi Osinbajo Acting President, Yemi Osinbajo has issued nine months grace period to tax payers to regularise their tax status or face criminal prosecution for tax offences. Osinbajo made the in Abuja at the inauguration of the Voluntary Assets and Income Declaration Scheme (VAIDs). He said the scheme was specially targeted at taxpayers […]

Minister of Finance, Mrs. Kemi Adeosun (right) and the President of the World Bank, Dr. Jim Yong Kim, during the G24 Ministers meeting at the 2016 Spring Meetings of the World Bank and IMF in Washington DC Minister of Finance, Mrs. Kemi Adeosun (right) and the President of the World Bank, Dr. Jim Yong Kim, […]

The National Executive Council (NEC) Thursday extended the lifespan of the federal government’s financial support to various states of the federation, to cushion the biting effects of the recession. Rising from its monthly meeting presided over by Acting President Yemi Osinbajo in the State House, Abuja, the council also said it resolved to extend the […]