Covid-19 Economy

Details of governors’ meeting over opening of economy revealed

Ihesiulo Grace 9 July 2020 0

Due to the novel coronavirus pandemic, Nigeri Governors meet in other to discuss various ways to rejuvenate the Economy. Members of the Nigeria Governors’ Forum (NGF) met on Wednesday to discuss the impact of the coronavirus (COVID-19) pandemic on Nigerians and the economy. At the meeting which

Africa

Slow Covid-19 economic recovery compels African companies to adapt fast to new consumption and trade patterns

Ihesiulo Grace 25 May 2020 0

In Africa, reactions to the onset of Covid 19 have been varied, from full lockdowns in most of Southern Africa, regional lockdowns in some West African countries and just social distancing and night time curfews in some countries. Official statistics suggest that most of Africa has managed to keep infections levels relatively low, so far. […]

News

Ekiti to diversify economy through Agric sector

Ihesiulo Grace 25 March 2020 0

… as Fayemi signs N3.5bn MoU with Dutch firm, Villam Agric Ltd Ekiti State Governor, Dr Kayode Fayemi has restated his administration’s resolve to use the agric sector as a platform for the diversification of the state’s economy, in view of the hard times that may arise as a result of the Covid-19 pandemic ravaging […]

Opinion

Managing the Economy out of this new crisis

Ihesiulo Grace 25 March 2020 0

The COVID-19 pandemic has altered much of the conversation about economies, worldwide. Out go all of the estimates, by year-end 2019, of the possible trajectory of the global economy and its constituent parts, including all of the enthusiasm that accompanied the signing by the U.S. and China of the first phase of their new trade […]

News

Britain to announce rescue package for coronavirus hit businesses

Ihesiulo Grace 20 March 2020 0

The British government is expected to announce another package to protect jobs and help businesses survive the severe economic impact of the coronavirus pandemic. Chancellor of the Exchequer, Rishi Sunak is scheduled to outline the measures at a joint press conference with Prime Minister Boris Johnson over the weekened Johnson has promised further measures to […]

News

Sustainable economy: FG reaffirms commitment to human capital development

Ihesiulo Grace 13 March 2020 0

The Federal Government has called on relevant stakeholders to improve on human capital development that will adequately impact employable skills into the workforce for sustainable economy. The Minister of Labour and Employment, Sen. Chris Ngige, made the call in a statement issued by Mr Charles Akpan, Deputy Director and Head of Press in the ministry […]

News

Oil price crash: Senate constitutes joint c’ttee to engage executive on insulating economy

Ihesiulo Grace 10 March 2020 0

Concerned by the price fluctuations in the global oil market, the Senate yesterday made a move to protect the nation’s economy from the negative trend. To that effect, the President of the Senate, Ahmad Lawan announced the constitution of a joint committee to engage the executive arm of government on measures to be taken to […]

News

Senate considers CAMA Amendment bill Tuesday

Ihesiulo Grace 8 March 2020 0

The Senate has commenced moves to strengthen Nigeria’s economy by giving a boost to the business sector in the country. In a bid to realise this target, the Senate will on March 10, consider a critical bill which specifically seeks to amend the Companies and Allied Matters Act (CAMA). The piece of legislation, sponsored by […]

News

Regional integration pivotal to economic prosperity in Nigeria – DBN

Ihesiulo Grace 5 March 2020 0

Kaduna – The Development Bank of Nigeria (DBN) says regional integration is pivotal to economic prosperity and a key step towards unlocking Nigeria’s economic potential. The bank’s Managing Director and Chief Executive Officer, Mr Tony Okpanachi stated this in a paper entitled, “Unlocking Nigeria’s Economic Potentials through Regional Integration”. Okpanachi

Business

Dangote invests N63bn in S’East economy in 5 years

Ihesiulo Grace 24 February 2020 0

Dangote Group has in the last five years invested over N63 billion in the South East with the purchase of over 3,500 units of locally assembled Shacman trucks at the production plant of Anambra Motor Manufacturing Company (ANAMMCO), Enugu. The order was delivered over a period of five years after Dangote Group signed an agreement […]

Business

Nigeria’s economy has tremendous potential for growth-Expert

Ihesiulo Grace 18 February 2020 0

Swarovski Regional Manager Africa, Mr John Burns has said that the Nigerian economy has tremendous potential for growth. He made this known recently in Lagos during a press parley announcing the opening of their store. According to him,  “our new store in Nigeria aims at offering our discerning customers in the region a delightful experience as obtains […]

Africa

Africa’s economy forecast to grow despite external shocks

Ihesiulo Grace 31 January 2020 0

ABIDJAN – For the first time in a decade, investment expenditure rather than consumption accounts for more than half of GDP growth; report calls for urgent investment in education and infrastructure for good returns in long-term GDP; “Youth unemployment must be given top priority. With 12 million graduates entering the labor market each year and […]

News

Declare emergency on security, economy, ACF tells Buhari

Ihesiulo Grace 2 January 2020 0

Northern youths have called on President Muhammadu Buhari to declare a state of emergency on the security situation in the north and the nation’s economy. The National President of the Arewa Consultative Forum, Alhaji Yerima Shettima, made the call while reacting to the New Year speech by Buhari. Shettima said that despite concerted efforts by […]

Featured Top Stories

Good governance: APC Govs’ Forum rates Kano high

Ihesiulo Grace 26 December 2019 0

The APC Progressive Governors’ Forum has rated Kano State as leading all other states for the third time in the areas of security, infrastructural development, health, education and economy, among other areas. Mr. Abba Anwar, Chief Press Secretary to Gov. Abdullahi Ganduje of Kano, disclosed this while addressing a news conference in Kano on Wednesday. […]

News

APC chieftain lauds Buhari’s feat on election, economy, security

Ihesiulo Grace 25 December 2019 0

Abuja – A chieftain of the ruling All progressives Congress (APC), Mr Waziri Bulama, has commended the President Muhammadu Buhari’s administration for conducting hitch-free elections, revamping economy and tackling insecurity in the country. Bulama, who served as deputy presidential campaign manager in the 2019 poll, said this while speaking with journalists in

Education

Utomi calls for strategic policy formulation to salvage declining economy

Ihesiulo Grace 7 December 2019 0

Charges Graduating Student at McPherson University to be focused in pursuance of their goals  By Chioma Joseph  The need to be strategic in policy formulation and decision making, in order to salvage the country from economic decline, has been emphasised by the Founder of Centre for Values in Leadership, Lagos, Prof. Pat Utomi. Prof. Utomi […]

Business

We are moving our economy away from commodity based – Onu

Ihesiulo Grace 1 December 2019 0

Lagos – Dr Ogbonnaya Onu, Minister of Science and Technology, says Nigeria’s economy is passing through a phase of transition from being commodities-dependent to knowledge and innovation based. Onu said this at the 2019 maiden Musical Festival and Award Night organised by the Caleb Group of Schools and University, with the theme: Joyful Tidings. He […]

News

The Dwindling Foreign Direct Investment in Nigeria

Ihesiulo Grace 27 November 2019 0

There is anxiety of the dwindling foreign direct investment in Nigeria going by the recent statistics by the Nigeria Bureau of Statistics (NBS). While a foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country but it is […]

Business

Nigerian economy is on `upward swing’ — Zainab Ahmed

Ihesiulo Grace 14 November 2019 0

Abuja – Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning says Nigeria’s economy is on “upward swing’’. Zainab Ahmed said this at a symposium organised by the Chartered Institute of Taxation of Nigeria (CITN), Abuja chapter on Thursday in Abuja. Zainab Ahmed, represented by Mr Stephen Medaiyedu, the Deputy Director in charge […]

Business

Africa can expand continental economy fourfold – report

Ihesiulo Grace 12 November 2019 0

JOHANNESBURG – Africa has the potential to expand the continental economy fourfold, with energy demands expanding by only 50 percent, according to a new report. The International Energy Agency (IEA) unveiled its report on the first day of the second African Investment Forum in Johannesburg, South Africa. Africa Energy Outlook 2019 found that the continent’s […]