ECONOMY

To move the Nigerian economy forward and alleviate the problems facing the nation, the Senate President, Bukola Saraki, has said that the Senate was reviewing all the laws that made it difficult for people to do business in the country and also those that frustrated investors willing to come into...

Due to the rising rate of unemployment in the country, financial experts and economic stakeholders have called on the federal government to come up with better and improved economic policies. The call becomes necessary as the Nigeria’s current population statistic stands at 182.20 million with 49.5 per cent youth unemployment...

Financial experts in the country are expecting the Central Bank of Nigeria’s Monetary Policy Committee to reduce the Monetary Policy Rate (MPR) as the committee will meets on Monday and Tuesday to deliberate on developments in the economy. Business 247 News Online notes that the bi-monthly meeting will likely see...

The President, Manufacturers Association of Nigeria (MAN) Frank Jacobs, has said that with the current economic situation, the country may not be out of recession in 2017. Jacobs told the News Agency of Nigeria (NAN) on Wednesday in Abuja that there was the need to introduce policies and initiatives to...

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has said that non-oil sector currently accounts for over 50 per cent of revenues accruing to the Federation Accounts since recession started. A Commissioner at RMAFC, Mr. Sanya Omiri, revealed this when officials of the agency paid a courtesy call on Bayelsa...

The Federal Ministry of Finance has announced the constitution of a committee to recover unremitted operating surpluses of agencies of government, running into N450billion. The committee led by the Accountant General of the Federation, Alhaji Ahmed Idris, is to reconcile the operating surpluses of 31 revenue-generating agencies of government for...

  More than 11-year high, nine-month rise in a row Annual inflation in Nigeria accelerated in October to 18.3 per cent from 17.9 percent a month earlier, the National Bureau of Statistics (NBS) said on Monday, a more than 11-year high and the ninth monthly rise in a row. A...

The Federal Government has promised to work with the Nigerian Stock Exchange (NSE) to promote the Nigerian stock market given the role of the exchange as an important driver of economic activities and investments. The Vice President, Prof. Yemi Osinbajo, said this during a courtesy visit to the NSE in...

The Federal Government will in December this year launch the National Economic Reconstruction and Growth Plan The plan that will be unveiled by President Muhammadu Buhari is aimed at revamping the country’s dwindling economy. It is expected to be detailed document that would bring together various plans that had been...

By Niyi Jacobs The newly appointed 52nd president of the Institute of Chartered Accountants of Nigeria (ICAN), Deacon Titus Soetan has warned the Central Bank of Nigeria (CBN) to avoid policy summersault. Soetan, during an exclusive interview with Business247 News Onlie at the weekend, he noted that the apex bank...