Business Money

2018 outlook: Experts project 12.9% inflation rate in 2018

Ihesiulo Grace 18 January 2018 0

Following the latest report by the National Bureau of Statistics (NBS) that the Nigeria’s annual inflation has slowed for the 11th consecutive period in December, analysts at CardinalStone Research have predicted improved rate of 12.9 per cent by end of December 2018. The new statistic report

Business Money

NAFEX records $522.8m transactions turnover in first week 2018

Ihesiulo Grace 8 January 2018 0

…as Naira slips against Pound, Euro at parallel market The Nigerian Autonomouse Foreign Exchange (NAFEX) window recorded total transactions turnover of $522.8 million at the end of official first trading week in 2018, finding by The Daily Times has revealed. But the Naira, over the weekend extended its losing streak against the Pound and Euro […]

Analysis Economy Headlines Nigeria

Budget 2018 is not budget of consolidation, it is ‘budget that may not happen’

Ihesiulo Grace 14 November 2017 0

President Muhammadu Buhari presented the 8.612 Trillion Naira 2018 Appropriation Bill to the National Assembly a week ago. A breakdown of the budget as presented reveals the following: a. Recurrent Costs = N3.494 trillion; b. Debt Service = N2.014 trillion; c. Statutory Transfers = N456 billion; d. Sinking Fund = N220 billion (to retire maturing […]

Headlines News

Tension in NASS as Buhari prepares to present 2018 budget

Ihesiulo Grace 7 November 2017 0

*Saraki, Dogara move to pacify aggrieved lawmakers Lawmakers who are to sit at a joint session on Tuesday for presentation of the 2018 Budget by President Muhammadu Buhari are not favourably disposed to the presentation amid protest that the current year’s budget is being poorly implemented. To douse tension among the angry lawmakers both the […]

Politics

Ekiti 2018: APC says Fayose’s candidate is no match to any of It’s aspirants

Ihesiulo Grace 19 October 2017 0

By Gbenga Sodeinde, Ado Ekiti Ahead of the 2018 Governorship election in Ekiti State, the All Progressives Party, (APC) has described the annointed candidate of Governor Ayo Fayose, his Deputy, Prof. Kolapo Olusola as no match to any of its aspirants in the state. Specifically, the party dressed down the anointed candidate of Fayose for […]

Aviation

African travel expenditure projected to rise by 23% in 2018

Ihesiulo Grace 30 November 2016 0

Data emanating from  Sabre Corporation  has revealed that  air travel expenditure  in Africa is expected to rise by  24 per cent  with the introduction of the pan-African passport in 2018. The new passport will enable African travellers to visit other countries on the continent without visa. The comprehensive survey by Sabre,  according its Vice President […]