ECONOMY

The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, has said that Nigeria’s foreign reserve has reduced from $26.51 billion in the second quarter of 2016 to $24.74 billion in September. Udoma said this at the 57th annual conference of Nigeria Economic Society (NES) with the theme: “the...

A former governor of the Central Bank of Nigeria (CBN), Prof. Chukwuma Soludo has advised the Federal Government against the selling of the nation’s assets to raise funds to deliver the nation from its present economic crisis as advised by some prominent Nigerians, stressing that doing that is dangerous and...

The African Development Bank (AfDB) has said that between 2016 and 2017, it would provide a package of $4.1 billion to step up social infrastructure, boost agriculture and improve electricity. Also the bank has resolved to inject a sum of $1 billion to emancipate Nigeria from its current economic woes....

The Federal Government is in talks with the African Development Bank (AfDB) for a $1 billion loan to help cover its 2016 budget deficit, the Finance Minister, Mrs Kemi Adeosun said on Monday. According to Reuters’ report monitored by Business247 news Online, Adeosun said the loan would be concessional and...

  ....Named 2016 African Business Leader by American institute In recognition of his immense contribution to human capital development in Africa through the establishment of businesses across the continent, a United States of America based organization, Africa-America Institute (AAI) has honoured the President of Dangote Group, Alhaji Aliko Dangote with...

The Federal Government will play host to the President of the African Development Bank (AfDB), Dr. Akinwumi Adesina who is billed to be in the country for a three-day official visit to hold special session with the Nigeria economic managers on how to stimulate the nation’s economic recovery. According to...

The National Council on Finance and Economic Development (NACOFED) 2016 conference, which opens in Abeokuta, Ogun State on Tuesday, will examine options available to government to improve its revenue streams especially in a period of low earnings from crude oil. The conference, which is being hosted by the Minister of...

The Minister of Budget and National Planning, Senator Udo Udoma has said that the Federal Government was not planning to sell off all major national assets in order to pull the country out of recession. He made the clarification on Saturday when speaking ahead of the forthcoming Nigerian Economic Summit,...

The Abuja Chamber of Commerce and Industry (ACCI)has refused to shared in the optimism in some quarters  that the country would be out of the current economic recession confronting  it by the fourth quarter of this year. The member of the Organised Private Sector (OPS) in a statement signed by...

  Calls for support of developmental partners in fight against corruption President Muhammadu Buhari has called on development partners to take up the fight against corruption by returning ill-gotten financial assets and halting future illicit financial flows to their countries. Speaking in New York at the meeting of the United...