ECONOMY

The number of days required for registration of new businesses in Nigeria has been reduced from 10 to two courtesy of a reform agenda of Buhari administration. Besides, there is also now a 24-hour timeline for company registration from when application form is completed and all required documents made available....

The Honourable Minister of Finance met with representatives from International Finance Institutions at the World Bank Spring Meetings to take forwards discussions on Nigeria’s agenda to deliver affordable housing. Speaking following the meeting, the Minister said: “Delivering affordable housing is critical to the delivery of our reform agenda and is...

• Oil, factory output better than in three previous quarters • Statistician-General says farming, telecoms maintained growth Nigeria’s economy, which contracted in 2016, performed better in the first three months of this year than during the previous three quarters on improved oil production and factory output, according to Statistician-General Yemi...

• Calls for focus on non-oil revenue growth, tax compliance and budget accountability to drive sustainable economic development The Honourable Minister of Finance, Mrs Kemi Adeosun, met with fellow Finance Ministers at a meeting convened by the G24 Group to discuss strategies to drive non-oil revenue growth and achieve inclusive...

Nigeria plans to get out of recession by boosting government revenues and cracking down on corruption, Finance Minister Kemi Adeosun said on Thursday, and will also issue more international debt to pay for infrastructure projects. The country is in its second year of recession, brought on by lower oil prices,...

The Statistician General of the Federation, Dr Yemi Kale, has faulted the news going round that the nation’s economy is already out of recession, describing the report as false. He was responding to a news report that the Nigerian economy is out of recession and growing strong. A United Kingdom-based...

• Bank trims region’s GDP forecast to 2.6% from 2.9% in January • Estimate reduced on weak South Africa, Nigeria, Angola rebound The World Bank has cut its growth projection for sub-Saharan Africa this year because of weak expansion in the region’s three biggest economies. The area’s gross domestic product...

Calls for greater African and international collaboration on illicit financial flows to drive accelerated revenue growth and improved government efficiency. The Honourable Minister of Finance, Mrs Kemi Adeosun, is in Washington DC this week, attending the World Bank and IMF Spring Meetings. The Minister is participating in a range of...

The nation’s foreign reserves appreciated by $119 million in nine days, data collected from Central Bank of Nigeria (CBN) website has shown. Foreign reserves continued to increase in March amid increase in global oil prices in combination with the inflows from the International Money Transfer Operations (IMTOs) According to the...

...North-East Innovation Hub to be based in Yola As the Federal Government begins to implement its innovation and technology initiatives with the establishment of hubs in each of the six geo-political zones, the Vice President Yemi Osinbajo, SAN, announced today that Yola, Adamawa State would host the innovation hub for...