ECONOMY

The Senate on Tuesday drilled the Minister of Finance, Mrs Kemi Adeosun and her Budget and National Planning counterpart, Senator Udoma Udo udoma following what it called poor implementation and releases so far made out of the N7.4trillion in funding the 2017 budget. The Senators, who frowned at the poor...

The Presidential Enabling Business Environment Council (PEBEC) has approved a second 60-day National Action Plan (NAP 2.0) to drive reforms aimed at making Nigeria an easier place to do business. The approval granted at a meeting presided over by Vice-President Yemi Osinbajo, at the Presidential Villa, Abuja, on Tuesday, has...

At a National Economic Council (NEC)meeting dominated by presentations and discussions on how Nigeria can significantly improve and drive its non-oil exports, Vice President Yemi Osinbajo, SAN, directed the composition of a National Committee on Export Promotion to review several ideas and suggestions tabled at today’s meeting at the Presidential...

The Central Bank of Nigeria (CBN) retained the benchmark interest rate at 14 per cent to enable it achieve more clarity in the evolution of key macroeconomic indicators, the Governor, Godwin Emefiele, said yesterday. The apex bank’s chief who spoke at the close of the Monetary Policy Committee’s (MPC’s) meeting...

The Minister of Budget and National Planning, Senator Udoma Udo-Udoma has said that the ministry was working hard to ensure that the 2018 budget proposal will be sent to the National Assembly in January. Udoma, represented by Mr Aso Vakporoye, Deputy Director, Economic Growth in the ministry, spoke in Abuja...

Based on issues with the implementation of 2017 budget, the Senate of the Federal Government of Nigeria has invited the Minister of Finance, Mrs. Kemi Adeosun; Budget and National Planning Ministry, Senator Udoma Udo Ndoma and the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele to appear before it...

Just as predicted by financial experts the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at the end of its two-day meeting on Tuesday held its benchmark interest rate at 14 percent . The CBN Governor, Mr Godwin Emefiele disclosed the outcome of the meeting in Abuja...

As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), begins its meeting today and ends tomorrow in Abuja, the consensus will retain the benchmark interest rate, at 14 per cent. According to analysts at Financial Derivatives Company (FDC) Limited, the MPC is likely to have split...

The Executive Chairman, Federal Inland Revenue Services (FIRS), Tunde Fowler Tuesday disclosed that the agency’s innovative strategies, with focus on non-oil sources has enabled the government rake in N2.5 trillion between January and August, despite the harsh economic climate. Speaking at a public lecture organized by Abuja Finance Correspondents Association...

Nigeria's annual inflation has recorded seventh consecutive decline at the end of August as the Consumer Price Index (CPI) which measures inflation stood at 16.01 percent in August, a decline of 0.04 per cent compared with 16.05 percent in July. National Bureau of Statistics (NBS) revealed in a report on...