archiveOctober 2017

For the second successive year, Nigeria has won the Ideas for Action Initiative, a youth competition on financing for development, which is yearly organised by the World Bank Group in collaboration with the Zicklin Center for Business Ethics Research. Nigeria’s winning proposal, “Kitovu”, came out tops from among 743 proposals...

Economic growth in sub-Saharan Africa is expected to be 2.4 percent in 2017, the World Bank said on Wednesday, down from the 2.6 percent projected in April. It said the downgrade was due to a number of reasons, including Nigeria’s failing to meet expectations but also broader conditions. “Regional per...

Vice President of Nigeria, Prof. Yemi Osinbajo, SAN, GCON, has emphasised that there is no difference in intelligence, capacity and resourcefulness between a boy and a girl, He said this in Abuja on Wednesday when he received Girl-Child Advocates from Abuja schools on the commemoration of the International Day of...

PROTOCOL It is a pleasure to be here at this year’s National Economic Summit. I bring you the warm greetings of President Muhammadu Buhari who sends his best wishes for successful deliberations at this meeting. The annual Economic Summit occupies a special place in our national economic dialogue. It is...

The International Monetary Fund (IMF) in its current World Economic Outlook projects that Nigeria’s economy will record a growth of 0.8 per cent for 2017. Presenting the report in Washington DC on Tuesday, Maurice Obstfeld, Economic Counsellor and Director of Research Department, attributed the projection to stability in crude oil...

Trading activities on the Nigerian Stock Exchange on Tuesday reverted to negative territory as the All-Share Index (NSE ASI) and the Market Capitalization decreased by 0.15 per cent while the year-to-date return stood at 36.85 per cent. The All-Share Index closed at 36,776.60 against the previous close of 36,831.93 while...

The Minister of Budget and National Planning, Mr. Udoma Udoma, has said that the Federal Government was committed to the faithful implementation of the Economic Recovery and Growth Plan (ERGP) 2017-2020. The ERGP was launched by President Muhammadu Buhari on April 5. Udoma said this on Tuesday in Abuja at...

The Senate on Tuesday praised the nation’s male football team, Super Eagles, for being the first to qualify in the African continent for 2018 World Cup in Russia and thereby urged the Federal Government to ensure they are funded with the recovered looted funds to be able to perform well...

Oando Gas & Power Limited (OGP), the erstwhile Midstream business subsidiary of Oando PLC, has formally announced the change of its corporate identity and branding to Axxela Limited (Axxela). The rebranding effort follows last year’s acquisition of a controlling equity stake in the business by Helios Investment Partners LLP (“Helios”),...

Polling stations have opened across Liberia as the nation elects its next president and 73 members of the House of Representatives. This is the first transition election in Liberia in 70 years. The News Agency of Nigeria (NAN)team covering the election in Monrovia, the nation’s capital, reports that the elections...