ECONOMY

With the rapid decline in Nigeria economy growth which ushered the country in to the worst recession in 2016, many experts in the field of the economy have predicted that 2017 will be tougher than 2016. Niyi Olaoye, therefore, writes on the critical issues that shaped Nigerian economy in 2016...

The Central Bank of Nigeria (CBN) on Wednesday came out with the Anchor Borrowers’ Programme (ABP) guidelines and announced the appointment of Deposit Money Banks (DMBs), Microfinance Banks (MfBs) and Development Finance Institutions (DFIs) to disburse N220 billion targeted at ABP. The CBN also revealed in its website the guidelines...

The Vice-Chancellor of Samuel Adegboyega University, Edo State, Ben Aigbokhan, has expressed optimism that Nigeria will be out of the economic recession in the second quarter of the year. Mr. Aigbokhan told the News Agency of Nigeria, NAN, on Wednesday in Abuja that the government had been working to address...

By Abdul  Olalekan Economic experts, though applauded the Federal Government for earmarking N2.24 trillion for capital expenditure in the 2017 National Budget, believe the quantum is not enough to take the country out of recession. The experts, who spoke in an exclusive interview with Business 247 News Online, noted that...

Financial experts across the country have warned that organisations, especially small and medium scale industries, should not see retrenchment of staff as a way out of the economic recession facing businesses and the country as a whole, advocating for a cut in cost of production rather than layoff as staff...

2016 was predicted to be a tough year for African economies, and it delivered. Traditional economic leaders faltered this year amid a storm of falling commodity prices, unpredictable and destructive weather like droughts and floods across large swaths of the the continent. Slow economic growth in China, a major investor...

The Nigeria Retail Investors Group (NRI) has said that economic policy prescriptions for the 2017 proposed fiscal plans should, at the minimum, seek to address a reduction in the cost basis for utilising domestic raw materials/inputs on the production side. The NRI, a Nigerian think-tank, whose membership comprises of Nigerian...

President of Dangote Group, Alhaji  Aliko Dangote has commended Nigerians for their resilience and doggedness even in the face of prevailing economic challenges saying they have made sacrifices that would soon see nation out of the woods. He gave the advice and commendation when members of small and medium enterprises...

A former Secretary General of the Commonwealth, Chief Emeka Anyaoku, has said that 2016 had been disappointing, but that 2017 was “more hopeful.” Anyaoku said this in his New Year message on Tuesday but blamed poor federal structure for the nation’s economic underperformance in 2016 and urged the 8th National...

Nigeria’s economy has received a major boost with the discovery of coal deposit in commercial quantity in Sokoto State. Others minerals earlier discovered include phosphate for making fertilizer, gold, limestone, gypsum, iron ore, copper, columbite, tantalite, zinc, kaolin among others. Speaking during a capacity building workshop on Special Purpose Vehicles...