ECONOMY

*Commends regulatory agencies, ``we are getting positive results’’ VP in media chat at the 2017 Nigerian-American Chamber of Commerce SMEs Conference QUE: You have gone round most of the stands here. What is your impression of what you have seen here today? ANS: I am always excited to see how...

The Nigerian Employers Consultative Association (NECA) has called on the Federal Government to see to ensuring there are concerted efforts at implementation of the Economic Recovery and Growth Plan (ERGP) to boost confidence of both local and international investors in the Nigerian economy and generate additional investment which appears critical...

The Nigeria Governors’ Forum (NGF) on Tuesday disclosed in Abuja that the Internally Generated Revenues (IGRs) of most states in Nigeria rose by 20 per cent to N820.7 billion in 2016 despite significant contractions in federation transfers to them. According to the Director General of the NGF, Mr. Asishana Bayo...

The African Development Bank Group (AfDB) will continue to respond to the demands of African Governments and its private sector customers, the bank’s Head of ICT Operations, Mr Nicholas Williams, said in Lagos on Thursday. Williams told the News Agency of Nigeria(NAN)on the sidelines of a Two-Day Indo-African ICT Expo...

The Chief Executive Officer, National Bureau of Statistics (NBS), Dr Yemi Kale, has said that the effect of Nigeria coming out of recession will not be immediately felt by the people. Kale, the Statistician-General of the Federation, made the statement in Abuja on Wednesday at a news conference. “There is...

A report by the Financial Derivatives Company Limited (FDCL) has claimed that only one per cent of Nigerians enjoyed during the oil boom period that predated the recent economic hardship being witnessed in the country. The research and financial advisory company, in its Economic Bulletin for August 2017 recently released,...

President Muhammadu Buhari yesterday said the real impact of the end of recession would be better felt when ordinary Nigerians experience a meaningful improvement in their living standards. According to a statement by President’s spokesman, Mallam Garba Shehu, Buhari made the remark while receiving the President of Niger, Alhaji Mahamadou...

• Promises to intensify ERGP implementation The Buhari administration welcomes news of Nigeria's exit from recession with cautious optimism and promises to continue to drive Nigeria's economic growth by vigorously implementing the Economic Recovery & Growth Plan (ERGP) launched earlier this year by President Muhammadu Buhari. The overall economic plan...

...but recovery weak- Expert The Nigerian Bureau of statistics (NBS) said on Tuesday in its Q2 GDP report that Nigeria’s economy has emerged from recession in the second quarter, expanding 0.55 per cent year-on-year. The country’s economy shrank by 1.5 per cent in 2016 for its first annual contraction in...

The Federal Inland Revenue Service (FIRS), through tax collections, generated the sum of N2.11 trillion as revenue from January to July, 2017. This is contained in a progress report of the FIRS from January to July, 2017 obtained by the News Agency of Nigeria (NAN), yesterday, showing their revenue performance...