ECONOMY

The Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu, has said that the country’s oil production has fallen by almost 40 percent to 1.4 million barrels a day due to militant attacks on facilities in the Delta region. He said this today against the back drop of resurgence of...

The Federal Government has resolved to ban importation of six commodities: rice, wheat, sugar, cotton, tomato paste and processed meat by 2018. The Minister of State for Trade and Industry, Hajiya Aisha Abubakar, disclosed this at an interactive session with entrepreneurs and prospective investors participating in Katsina State Economic and...

The Minister of Budget and National Planning, Senator Udoma Udo-Udoma has said that the ministry has identified 34 measurable and veritable priority actions to achieve the implementation of the 2016 budget under six thematic areas. He said this today at the breakdown of the 2016 Budget and the Budget Strategic...

President of Dangote Group, Alhaji Aliko Dangote, has called on the country to take agriculture more seriously as he emphasised that agriculture was the best option to be free from the economic challenges confronting the nation. He revealed today at the opening   ceremony of the Katsina State Economic and Investment...

The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday, reiterated the resolve of the Federal Government to redefine spending in order to get maximum impact. The Minister, who was a guest at the Ogun State Investors’ Forum, holding in the state capital, said during a panel discussion on the economy...

Leading African businessman and philanthropist Tony O. Elumelu; Akin Adesina, President of the African Development Bank; Graca Machel, former first lady of Mozambique and widow of Nelson Mandela; Phillipe le Houerou, CEO of the International Finance Corporation and Tarek Sultan Al Esso, CEO and Vice Chairman of the Board Agility...

Minister of Budget and National Planning Senator Udo Udoma has said that the breakdown of the 2016 budget will be presented on Thursday. According to a statement issued by the ministry in Abuja on Monday, the strategic implementation plan of the budget would also be presented on the same day....

Following the unstable global economy, Ghana and Nigeria have topped the inflation rate in the Economy Community of West African States (ECOWAS) investigation by Business247 has revealed. According to investigations by our correspondent, Ghana inflation rate stood at 19.50 per cent while that of Nigeria has risen to 12.8 per...

As part of its drive to partner with stakeholders in the growth of the nation’s economy both at the state and national levels, Sterling Bank has announced its sponsorship of the third edition of the Ogun State Investment Forum. The theme of the two day event starting on May 9,...

As the Monetary Policy Committee (MPC) set to meet between 23 and 24 May, 2016, it has been urged to set a policy that would stabilise and protect the country’s currency from devaluation. In a statement in Lagos at the weekend, an economist, Dr Ayo Teriba is of the view...