ECONOMY

The Acting President, Yemi Osinbajo, has again stressed the importance of a government, private sector partnership in the execution of development projects in the country saying it as the only way to grow the economy. He said it was obvious that government alone cannot provide all the services and infrastructure...

*Meets MSMEs in Jos, urges sustenance of peace in Plateau State Vice President Yemi Osinbajo, SAN has assured Nigerians that doing business in the country is becoming easier going by the recent reforms undertaken by the Presidential Enabling Business Council (PEBEC) and currently being implemented by the relevant agencies. The...

A recent rise in oil revenues has helped the central bank to defend the naira and stabilise the parallel market foreign exchange rate, central bank governor Godwin Emefiele said on Thursday. Nigeria has suffered from dollar shortages as a slump in oil revenues has hammered the currency and dried up...

The National Bureau of Statistics (NBS) has revealed that the total foreign and domestic debt stocks of the federal and the 36 states governments as at December 31, 2016 stood at about $11.41 billion and N14.02 trillion respectively. The NBS latest release on the position of the Nigerian Domestic and...

The Central Bank of Nigeria (CBN) on Tuesday released its Purchasing Managers Index (PMI) report for April, which indicated expansion in most subsectors of the economy during the month, sign that the economy is fast recovering. The Manufacturing and Non-Manufacturing PMI Report on businesses is based on data compiled from...

• Says “there is light at the end of the tunnel” Speech delivered by Vice President Yemi Osinbajo, SAN, GCON at The Platform, a programme organised by the Covenant Christian Centre, Lagos on May 1, 2017. First, let me say how very honored I am to be here again at...

A renowned banker, founder Stanbic IBTC Bank PLC, chairman and founder of ANAP Business Jets Limited, Mr. Atedo Peterside has faulted the Federal Government's Nigerian Economic Recovery and Growth Plan (NERGP), describing it as a timid plan. In his keynote address titled 'Evolving Economy, Good Governance and Repositioning' at the...

...Upbeat on economy One of Africa's leading entrepreneur and philanthropist, Mr Tony Elumelu, remain confident that the country's economic environment would improve in no distant time. " The Central Bank of Nigeria (CBN) has brought predictability to the forex market and investors are excited by the reforms, he told CNN's...

*FG to crackdown on armed herdsmen, others-NSA In order to further advance an effective implementation of the Buhari administration’s Social Investment Programmes (SIP) now operational in all 36 states of the federation and FCT, the National Economic Council (NEC) resolved today to locate the State Governments’ coordination units in the...

Federal Government’s distributable revenues rose to N467.81 billion ($1.53 billion) in March from 429 billion naira in February due to higher royalties from oil production, a government statement said on Tuesday. Distributable revenue is government income that is shared at various levels of state including the federal government, state governments...