archiveSeptember 2016

  forecasts 4.7% GDP growth in 2017 Nigeria will need to undergo painful reforms to come out of the present economic crisis. This was asserted in a recent report by Business Monitor International (BMI) a Fitch Group company, in its fourth quarter Country Risk Report focused on Nigeria, which includes...

National President, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dr. Bassey Edem, has commended the Central Bank of Nigeria (CBN) for licensing eleven additional international Money Transfer Operators (IMTOs) to operate in the country as part of efforts to liberalize the foreign exchange market, ensure liquidity...

Nigerian Breweries Plc has announced a new partnership with five European football clubs as its official partners in the area of football in Nigeria. The partnership agreement, the first of its kind in breweries in Nigeria, is said to be a milestone for clubs and the company. The partnership will...

Some industry analysts have warned the Federal Government on the possibility of the recent announced recession blowing into full depression, if spending on infrastructure is not increased. Financial experts, who spoke exclusively to Business247 News Online, following the declaration by the Nigerian Bureau of Statistics (NBS) that Nigeria economy  is...

  ...says recession is path to greatness The General Overseer of Deeper Christian Life Ministry, Pastor W.F. Kumuyi, has said that it would be absolutely difficult for anyone to impose any religion on the country. The Minister of the gospel spoke in Calabar, Cross River State, where he went for...

 commissions projects in Osun President Muhammadu Buhari has appealed to Nigerians not to lose hope in the country stressing that despite the current hardships facing the country, Nigeria would be great again under his watch. The President who was on official visit to the state said this today in Osogbo...

The Market Capitalization and the All Share-Index (ASI) of the Nigerian Stock Exchange (NSE) which closed Wednesday trading at N9.479 trillion and 27,599.03 basis points respectively rose significantly on Thursday to close at ₦9.761 trillion and 28,419.92 basis points. The twin market indicators increased by 2.97 per cent, while the...

The Federal Government of Nigeria has raised the sum of N212.85 billion ($654.92 million) in an auction of treasury bills on Wednesday, with yields little changed from previous sales, data from the Debt Management Office showed on Thursday. The debt office raised 45.85 billion naira of three-month paper at 14.38...

The monthly Purchasing Managers’ Index (PMI) of the Central Bank of Nigeria (CBN) for the month of August released on Wednesday has shown that the Manufacturing PMI declined to 42.1 index points in August 2016, compared to 44.1 in the preceding month, implying that the manufacturing sector declined at a...

Minister of Finance, Mrs. Kemi Adeosun, has said that her attention has been drawn to a fake Twitter handle in her name saying that “recession is just a word”, she emphasised that she does not own a twitter account. A press statement by the SA Media to Honourable Minister of Finance,...