ECONOMY

  explains why budget'll target economic recovery The Oyo State Government has given a breakdown of the N434.2billion 2024 Budget proposal presented to the State House of Assembly by the state governor, 'Seyi Makinde. According to a press statement signed and made available to Business247News online by Mr. Sulaimon Olanrewaju,...

Nigeria Employers’ Consultative Association (NECA) has expressed disgust over the planned exit of Procter & Gamble, P&G, not long after the GSK, Nampak exited Nigeria. The employers’ body blamed stringent regulatory and legislative activities, insufficient infrastructure, and policy inconsistencies for the difficulties faced by businesses. The Umbrella body and voice...

The Director-General of the Budget Office of the Federation, Ben Akabueze, has said that in the last four years, the projections of the International Monetary Fund (IMF) on the Nigerian economy have been flawed. Akabueze said this of the agency’s projections while speaking on Channels Television’s Politics Today programme on...

The Head Research FMDQ Group Plc, Dr Vincent Nwani, says there is a need to improve efforts to attract some of the $30trillion sustainability fund available globally into the Nigerian capital market. Nwani stated this at the Capital Market Correspondents Association of Nigeria 2023 workshop with the theme: ‘Leveraging Capital...

.Education gets largest allocation with 20.88% Governor of Oyo State, 'Seyi Makinde, has presented the 2024 Appropriation Bill tagged Budget of Economic Recovery to the state House of Assembly, noting that the budget is a chance for his administration to show its responsiveness to the current economic situation in the...

The Securities and Exchange Commission (SEC) has called for an active collaboration between the government and market participants to enhance market growth and facilitate economic development. The Director-General of SEC,  Mr Lamido Yuguda, made the call while addressing journalists at the 2023 conference of the Capital Market Correspondents Association of...

A Professor of Finance and Capital market, Uche Uwaleke, has stressed the need for the government to unlock the huge potential of long-term financing inherent in the capital market and ensure borrowings tied to infrastructure bonds. Uwaleke stated this at the 2023 conference of the Capital Market Correspondents Association of...

The N27.5 trillion 2024 budget presented by President Bola Tinubu on Wednesday was on Thursday passed by the House of Representatives for second reading. House Leader Julius Ihonvbere, who led the discussion on the overall budgetary principles, said that national security and education, which received large funding in the budget...

  President Bola Tinubu is confident that his administration’s Renewed Hope Agenda can build a trillion-dollar economy within the next decade. He however noted that this can be achieved by leveraging the nation’s population and resources, with the main focus on unleashing Nigeria’s full economic potential, a statement by presidential...

Socio-Economic Rights and Accountability Project (SERAP) has urged World Bank President, Ajay Banga, to promptly, transparently and effectively conduct an investigation into spending of loans and other facilities by Nigeria’s 36 state governors. Besides asking the global lender to suspend further loans to unsatisfactory states, the group, in a letter,...