ECONOMY

*Osinbajo in Sagamu, on second visit to industrial hubs in a week In a consistent demonstration of the administration's determination to press the diversification agenda and promote private sector partnership with the Federal Government, Vice President Yemi Osinbajo, SAN, continued his tour of industries in the country on Thursday visiting...

By Niyi Jacobs Some financial experts in the country have expressed the opinion that despite that traditional monetary policy tools at the moment are less effective; having reached their limits in stimulating investor confidence, hiking interest rate would not buoy foreign investor confidence in returning to the Nigerian market. According...

Governor Akinwunmi Ambode of Lagos State has presented the 2017 budget proposal of N813 billion to the state House of Assembly, emphasising that his administration will continue with infrastructural renewal of the state. Ambode, who called the budget ‘The Golden Jubilee Budget,’ as it coincided with the state’s 50th Anniversary,...

Nigeria hopes to conclude the sale of a $1 billion Eurobond by the end of the first quarter of 2017 and will seek to make its foreign exchange market more flexible, Vice President Yemi Osinbajo said on Tuesday. According to Reuters report monitored by Business247 News Online, Nigeria is in...

A Central Bank of Nigeria (CBN) survey has shown that private sector operators expect the naira to further depreciate and inflation to increase further before the end of the year. According to the survey titled, “Business Expectations Survey, BES, for Fourth Quarter, 2016”, ‘Firms that participated expect the naira to...

Bloomberg, in its editorial on Monday said that President Muhammadu Buhari’s rigid leadership style was making the Nigeria’s economic problems harder to solve and stressed “Africa and the world cannot afford a failing economy in the continent’s most populous nation. “Yet that is exactly what Nigeria might be getting: Its...

The President /Chairman, Chartered institute of Banker of Nigeria (CIBN) Professor Segun Ajibola has warned the Federal Government of Nigeria to tackle the international barriers to Nigeria domestic good in order to succeed with the country’s goal of diversification. The CIBN chief , who made this statement over the weekend...

The Central Bank of Nigeria (CBN) has revealed through its Director, Banking and Payment System, Mrs. Tokunbo Martins that the nation’s currency has lost about 85 per cent of its value in the last two years Martins who disclosed this at the weekend in a presentation made at a round-table...

The Nigeria Labour Congress (NLC) has called on the Federal Government to find a way to halt the free fall of naira against other international currencies to save millions of Nigerians devastated by high inflation. The NLC in a press statement signed by its President, Ayuba Wabba, and General Secretary,...

Former President, Chief Olusegun Obasanjo has advised President Muhammadu Buhari to concentrate efforts at fixing the nation’s economy rather than dwelling on the past, adding that since he was elected to change the country, he should concentrate on clearing the mess he inherited. Delivering a lecture titled “Nigeria Yesterday, Today...