ECONOMY

The World Bank has came out with its Ease of Doing Business index for 2017 which shows that Nigeria moved up by one point from 170th position in 2016 to 169th in 2017, out of 190 countries. The facts are contained in the World Bank’s Ease of Doing Business report...

The Minister of Industry, Trade and Investment, Okechukwu Enelamah, has assured Nigerians that the recession will not last beyond early next year as they will soon begin to see the effort of President Buhari’s administration yielding expected good fruits. The minister made the remark while speaking at the 8th Session...

The Federal Government is seeking the approval of National Assembly to borrow $29.960 billion (N10tn) for proposed projects across the country. The details of the request were contained in a letter sent to the National Assembly by President Muhammadu Buhari on Tuesday. In the letter dated October 20, 2016, he...

African exporters of oil and commodities should remove subsidies and boost taxes to weather their slowest growth in more than two decades, the International Monetary Fund (IMF) said on Tuesday. According to Reuters’ report monitored by Business247 News Online, the Washington-based fund cut its 2016 growth forecast for Sub-Saharan Africa...

The report from the Central Bank of Nigeria (CBN) has shown that Nigeria’s external reserves has dipped to $24 billion (as at 18th October 2016), just as  Depository Corporations  Survey  for  September  shows  that  broad money  supply in Nigeria increased month-on-month  (m-o-m)  by  2.25 per cent  to  N22.13  trillion. Business247...

The 36 states got N143.6 billion from the federation account in September as their share of distributable revenue generated for the month. This is according to the breakdown by the report News Agency of Nigeria (NAN) which it sourced from the office of the Accountant-General of the Federation in Abuja...

Minister of Finance, Mrs Kemi Adeosun, on Friday opened trading alongside the Rt Hon. Greg Hands MP, Minister of State for International Trade, celebrating the 3rd ‘London & Lagos Capital Markets in Partnership’ Conference. According to a news report by Mondo Vision, monitored by Business247 News Online, she was joined...

The Chairman Dangote Groups, Alhaji Aliko Dangote, has urged government at all levels to reduce the multiple taxes placed on small and medium businesses to enable them grow. In a statement in Lagos on Thursday, Dangote said that the small and medium enterprises would be able to perform better if...

As the Senate probe into $13.9 billion allegedly transferred from the country by the nation’s leading telecommunications company, MTN, begins, there were indications on Thursday that   the amount involved may be far more that what was envisaged. A lawmaker said the amount involved is "mind boggling" and that it may...

Financial experts in the country have been reacting to the news from International Monetary Fund (IMF) that Nigeria economy still remains the biggest in Africa. It will be recalled that the recent estimates by the IMF has shown that Nigeria remains the biggest economy in Africa, followed by South Africa...