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Showing posts with the label Economy

Naira plunges to 440 as dollar inflow drops

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The naira was sold at the parallel market for 440 per dollar on Sunday, as the lingering foreign exchange scarcity increased to a new level.

Reps urge the federal government to declare a state of emergency on the aviation sector

As a result of the aviation sector in Abuja, concerned members of the parliament has requested for the federal government to declare a state of emergency over the aviation sector in Abuja.

Ajibola Highlights Importance of MSMEs in Economy Recovery

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The President, Chartered Institute of Bankers of Nigeria, Prof. Segun Ajibola, says the financial services sector must redirect the economy to the path of recovery by channeling a major part of their loan portfolio to Micro, Small and Medium Enterprises financing. He spoke in

Ajibola Highlights Importance of MSMEs in Economy Recovery

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The President, Chartered Institute of Bankers of Nigeria, Prof. Segun Ajibola, says the financial services sector must redirect the economy to the path of recovery by channeling a major part of their loan portfolio to Micro, Small and Medium Enterprises financing. He spoke in

Nigerian Economict Summit Group holds World Press Conference to Launch NES #22

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The summit appropriately themed ‘Made in Nigeria’, is scheduled to hold from the 10 th  to 12 th  October at the Transcorp Hilton Hotel, Abuja.

The reason why president Buhari suspended the graduate trainee scheme

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The Assistant Director of the Federal ministry of Finance, Mr. Deniss Chukwu said  It is a strategy to increase numbers of entrepreneurs and reduce dependence on civil service employment.

Experts say agriculture is the way out of recession

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Mr Ofion Udoffia stated in an interview with the News Agency of Nigeria (NAN) in Abuja as he suggested moves that could be taken to pull the economy out of slump.

Recession - Are assets to be sold to generate foreign exchange?

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President Muhammadu Buhari  Recently, there has been various calls for the federal government to sell some of its assets especially in the oil and gas sector so as to generate foreign exchange to help get the economy out of recession.

Ben Murray Bruce - Buhari's anti-corruption campaign scaring away investors

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Senator Ben Murray Bruce  Senator Ben Murray Bruce said that president Buhari's anti corruption campaigns has done more harm than good as it has put fear in the minds of the citizens an buy so doing, scaring away investors.

Oil prices rises by 2% Third Surprise Weekly US Crude Drop

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According to the United States government, there has been a fall in crude stockpiles for the third week in a row and a rise in oil price by two percent(2%) in the in the international market.

Nigeria's debt rises to N4tn in 6 months

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Director of DMO, Abraham Nwankwo  According to Abraham Nwankwo, the director general of Debt Management Office (DMO), in the past 6 months, Nigeria's debt increasing by nearly N4tn has chances of hurting it's potential of acquiring much

Senate calls for cabinet reshuffle

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Some of the senators at the Senate floor meeting on Wednesday said that the current economic recession was as a result of the incompetence/reliability of to ministers of president Buhari's cabinet and thereby leading to

Buhari - Nigeria won't go back to over reliance on oil

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President Buhari at ABS New York  A couple of years back, the African rising was a predominant topic when global economy is being discussed. This thing feeling has since cooled and has created a question "African Rising?". Not having the urge to distract ourselves with sadness of our current conditions.  Instead of hoping for

Sanusi- A progressive economic policy is what the country needs

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Emir of Kano, Muhammadu sanusi  Muhammadu Sanusi II, the Emir of Kano and the former governor of the Central Bank of Nigeria(CBN), says that country need strong policies that will help in the boosting of the economy. At the  presentation of Funmi Oyetunji’s book " A conscious Life" on Wednesday in Lagos,

The economy has gone down on its knees

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It is difficult to find anyone in Nigeria who has not been affected by the by the current state of the economy. The favourable environment which gave Powers to this current government is no where to be