ECONOMY

Says there is need to tackle infrastructure challenges The Director General of the Debt Management Office (DMO), Dr. Abraham Nwankwo on Tuesday provided clarifications on the proposed $29.9 billion foreign loans request submitted to the National Assembly last week by President Muhammadu Buhari. The DG, while speaking on a Channels...

Former Nigerian President, Chief Olusegun  Obasanjo;  Governor Ikpeazu of Abia State; Minister of Information, Tourism and Culture, Alhaji Lai Mohammed; business magnate,  Mrs Folorunsho Alakija, among others who joined  1,000 African entrepreneurs at the 2016 Tony Elumelu Foundation Entrepreneurship Forum were full of praise for Mr Tony Elumelu for empowering...

Nigeria's foreign currency reserves fell 20.5 per cent year-on-year to $23.95 billion by Oct. 27, down 2.7 percent month-on-month, Central Bank of Nigeria data gathered by Reuters showed on Monday. The CBN has been selling dollars to support the weakening naira, hit by low oil prices that have triggered the...

As the scourge of economic recession continues to bite harder in nigeria, seven of the listed banks which recently submitted their third quarter unaudited results and accounts on the Nigerian Stock Exchangeunts recorded huge declining in profit. The likes of Diamond Bank Plc; Unity Bank Plc; Sterling Bank Plc and...

The Minister of Finance, Mrs. Kemi Adeosun has challenged Nigerian women to avail themselves of the immense opportunities created by the current economic challenges in the country. The Minister, who was the keynote speaker at the launch of First Gem, the first female-focused product from First Bank Nigeria Limited, on...

  The Chairman of Senate Committee on Customs and Excise, Senator Hope Uzodinma has said that the National Assembly would review some of the trade policies including the contentious National Automotive Policy created by the administration of former President Goodluck Jonathan. Speaking in Lagos in a meeting with Customs officials...

The Minister of Finance, Mrs. Kemi Adeosun, on Friday said that 30 per cent of the Nigeria’s demand for foreign exchange was for fuel importation. According to News Agency of Nigeria monitored by Business247 News Online, Adeosun stated this in Lagos at the launch of  “First Gem” , a product...

President Muhammadu Buhari on Thursday in Abuja launched the roadmap for the development of Nigeria’s oil and gas sector, named the ‘7 Big Wins’. The document contains the short and medium term priorities to grow the nation’s oil and gas industry from 2015 to 2019. Buhari said that although his...

The Federal Ministry of Finance has given further details of the proposed $29.960 billion foreign loans designed to address infrastructure deficit in the country. In a press statement by the Special Assistant Media to the Minister, Mr. Festus Akanbi, “the external borrowing plan is a three-year-plan covering proposed projects for...

The Minister of Finance, Mrs. Kemi Adeosun on Wednesday told the visiting Director, African Department of the International Monetary Fund (IMF), Mr. Abebe Aemro Selassie that the Federal Government was leaving no stone unturned in its bid to make infrastructure development a priority. Taking the visiting IMF chief through some...