archive2018

  The Federal Government said it made N343.05 million from sales of savings bond in July. The results of the sales published on the website of the Debt Management Office (DMO) on Wednesday in Abuja, showed that N79.98 million was allotted for July 2020 at 10.48 per cent. It also...

  The American Business Council (ABC) has disclosed that Foreign Direct Investment (FDI) of about 1.3 billion dollars flowed into the Nigerian economy from the US in 2017. This was revealed during the Launch of the 2018 US Economic Impact Survey on Wednesday in Lagos. Darrel McGraw, Vice President of...

  The International Monetary Fund (IMF) on Monday upgraded its growth rate forecast for Nigeria’s Gross Domestic Product (GDP) in 2019 to 2.3 percent, while retaining 2.1 percent for 2018. The body based its improved rating on improved crude oil prices. The IMF announced the upgrade in its World Economic...

  *VP Osinbajo attributes progress in economy to effective public-private partnership The 8th version of the Presidential Business Forum hosted quarterly by the Buhari administration witnessed notable endorsement of the country’s economic policies and direction from private sector chieftains, offering commendation and praise for ongoing Federal Government reforms. Chief  Mrs...

Jumia’s six years anniversary celebration taking place throughout the month of July, aims at celebrating major milestones achieved over the period of its operations in Nigeria. These include the listing of over five million unique products on the platform, supporting the growth of MSMEs (over 10,000 merchants active on the...

  ...warns, "Only an acceptable candidate can win Osun" A chieftain of the Peoples Democratic Party (PDP) in Osun State, Prince Abimbola Oyinlola, has lamented the loss the party suffered at the just concluded Ekiti State Governorship election which saw the All Progressive Congress' candidate, Dr Kayode Fayemi. To avoid...

    As part of its mandate to engage electoral democracy in Nigeria, the Transition Monitoring Group (TMG) observed the Ekiti State Governorship Election on July 14 2018, deploying observers across the state, it monitored Election Day processes, the conduct of election managers as well as key issues that could...

  Calls for her immediate resignation BudgIT Nigeria has expressed disappointment with Minister of Finance, Mrs Kemi Adeosun, for keeping quiet over the allegations of her forging a National Youth Service Corps (NYSC) certificate. Reacting to Premium Times published investigative story indicting the Minister of skipping the mandatory service year...

  Amid accusations by aggrieved shareholders of attempts to suppress the report of the ongoing forensic audit of its operation, Oando PLC Chief Executive, Wale Tinubu, and his deputy, Mofe Boyo, have been asked to pay Ansbury Investments Inc. about $680 million (about N207.9 billion @ N305.8/dollar). Ansbury was incorporated...

Many Nigerians on Monday decried the announcement by Multichoice that it would increase its subscription rates for DStv packages from August 1. The News Agency of Nigeria reports that Multichoice in its messages to its subscribers said that it would, however, reduce its rates for Gotv on its satellite platform....