Wednesday, July 9, 2025

ECONOMY

ECONOMYTOP STORY

FEC approves N458m to engage consultant for ERGP

  The Federal Executive Council (FEC) on Wednesday approved the engagement of a Malaysian based consultant to conduct a study that will aid implementation of the National Economic Recovery and Growth Plan (ERGP) at the cost of N458 million. This week FEC meeting presided over by the Vice President Yemi...
ECONOMYTOP STORY

FG out with incentives for economic growth

The Federal Government has developed incentives for the various sector of the economy to accelerate growth, the Minister of State for Labour and Employment, Prof. Stephen Ocheni, has said. Ocheni said this at the 2017 tax week by the Chartered Institute of Taxation of Nigeria on Thursday in Abuja. The...
ECONOMYTOP STORY

Breakdown of 2018 Budget estimates

  Budget size: N8.612 trillion (16% higher than 2017 estimates)   Assumptions, projections ================== Benchmark crude oil price-US$45 per barrel Oil production estimate – 2.3 million barrels per day Exchange rate – N305/US$ for 2018 Real GDP growth of 3.5 per cent Inflation Rate of 12.4 per cent   Expenditure...
ECONOMYTOP STORY

Banks may recall loans over BVN

Banks are bracing for the effects of a likely  forfeiture of funds in accounts without the Bank Verification Number ( BVN ). Should the government enforce the court order on such accounts, the banks will recall loans from customers; and lay-off staff. Speaking yesterday on the development, former Registrar/Chief Executive,...
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