ECONOMY

The Central Bank of Nigeria (CBN) has said that it will pursue price stability as an anchor for economic growth and attract foreign investors into the country even as the country battles recession and rising inflation. The Governor of CBN, Mr, Godwin Emefiele said in an interview with The Banker...

The Nigerian economy has been ranked 127th out of 138 economies globally by the World Economic Forum Competitive Index, making the country one of the world’s least competitive. This was contained in the 2016-2017 ranking released at the weekend. In the 2015-2016 edition of the Global Competitive Index, Nigeria ranked...

The Institute of Chartered Accountants of Nigeria (ICAN) on Friday  renewed its support for the various economic policies of the administration of President Muhammadu Buhari, saying there is hope for Nigeria. President of ICAN, Deacon Titus Soetan, who led a delegation of the institute’s executives to the Minister of Finance,...

The current fall in crude oil prices in the international market has been identified as an indispensable opportunity to revamp the ailing Nigerian economy. This revealed by the Development Finance Director, Central Bank of Nigeria (CBN), Dr. Mudashiru Olaitan in a seminal paper “Real Sector Financing for Inclusive Growth and...

The Federal Government is set to reduce the income tax rates payable by Small, Micro and Medium Enterprises (SMMEs) in the country to encourage more start-ups in SMMEs, boost the profitability of the existing ones, generate new jobs and make higher contribution to the Gross Domestic Product (GDP). The new...

Indications have emerged that the Federal Government has concluded plans to resuscitate the suspended Export Expansion Grant (EEG) even as the special committee to review the scheme has submitted its report. This was revealed on Thursday by Barrister George Enyiekpon who represented the Nigeria Export Promotion Council (NEPC) at the...

Former Lagos State Governor and All Progressives Congress (APC) National Leader, Asiwaju Bola Tinubu, has said that the economic recession the country is going through at present requires the sacrifice of all Nigerians to see the country through. In a short remark on Wednesday night in Lagos at the Chartered...

Minister of Finance, Mrs Kemi Adeosun  said on Wednesday said that the nation was already getting out of recession, explaining  that the Federal Government had taken steps that were in the best interest of the citizens. She disclosed this in her closing remarks at a two-day conference of National Council...

MTN Group Limited has said that it “strongly refutes” an accusation by Nigerian lawmakers that the company illegally moved almost $14 billion out of the country, as the company tries to quell the latest controversy in the country. MTN Nigeria Chief Executive Officer, Ferdi Moolman said in a statement on...

The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has urged the financial and business correspondents to endeavour to report the Nigerian economy in positive light. He noted that financial journalists should be conscious of the fact that foreign investors form their perception about the economy based on their...