News

Tourism sector key to diversification of our economy – Senate

Ihesiulo Grace 28 October 2019 0

Nigeria  – The Senate on Monday called on President Muhammadu Buhari to make the culture and tourism sector a priority in his diversification and employment generation . Sen. Rochas Okorocha, the Chairman, Senate Committee on Culture and Tourism made the call at the 2020 Budget Defence of

Featured News Top Stories

IMF slashes global economic growth in new projection

Ihesiulo Grace 16 October 2019 0

.Warns against uncertainty surrounding global economy weakness .As Nigeria’s inflation hits 11.24% in September 2019 Channel Kogi’s N10bn through workers, not Bello, PDP tells NASS The International Monetary Fund (IMF) has slashed global economy growth forecast in its October 2019 World Economic Outlook (WEO). This is just as the National Bureau of Statistics (NBS) has

Business Economy Politics World

UNGA:We need private investment in power sector -LASG

Ihesiulo Grace 25 September 2019 0

The Lagos State Government has called on private investors to assist the state in the provision of 9,000 megawatts to enable it transform the economy of the state. Gov. Babajide Sanwo-Olu made the call at the Corporate Council on Africa Forum on the sideline of the ongoing 74th Session of the United Nations General Assembly […]

Business

‘How Dangote refinery will boost Nigeria, other Africa economies’

Ihesiulo Grace 7 February 2019 0

Motolani Oseni Nigeria and other African countries would soon heave a sigh of relief from the sloppy economic situation occasioned by price instability with the imminent completion of the Dangote Refinery and other modular refineries in Nigeria. Technical Adviser to the President of Dangote Group on Refinery and Petrochemicals, Engr. Babajide Soyode has said that […]

News Nigeria

Nature Care Foundation lists culture, tourism as alternative to diversify economy

Ihesiulo Grace 23 November 2018 0

Worried by near extinction of rich culture and traditions of people in Africa, Nature Care Foundation- a nongovernmental organisation has suggested preservation of culture and tourism potentials of the nation to generate income and reduce over dependency on oil revenues. Addressing members of Akwa Ibom State Council of Chiefs in Uyo yesterday, the programmes coordinator

News Top Stories

Our reforms are succeeding – Buhari

Ihesiulo Grace 16 November 2018 0

President Muhammadu Buhari has said that his administration will continue to implement policies that attract investment and spark competition in critical sectors of the economy for employment creation and growth. Speaking at the State House, Abuja on Thursday while receiving the Chairman and Management of the LADOL Integrated Logistics Enterprise on a courtesy visit,

Economy Opinion

The CBN/MTN fine: The gift that keeps on killing

Ihesiulo Grace 18 September 2018 0

By Yakubu Abubakar The nation has watched stupefied as allegation after allegation have been thrown at telecommunications giant, MTN Nigeria over the last few weeks. Some have vehemently insisted that the travails of the company began a few months earlier when ‘well-meaning’ officials of the Nigeria Labour Congress picketed some of the company’s offices to […]

Business Top Stories

How banks loans to deposits ratio dropped amidst uncertainty

Ihesiulo Grace 17 September 2018 0

…As all Tier-1 banks listed on NSE report drop in loans, advances to customers Commercial banks operating in the country have witnessed drop in loan-to-deposit ratio amid slowdown in lending to real sector of the economy and uncertainty leading to 2019 general elections. Loan-to-deposit ratio is used to assess a bank’s liquidity by comparing a […]

Politics Top Stories

Osinbajo, Atiku in war-of-words over restructuring

Ihesiulo Grace 5 September 2018 0

…Ex-VP lacks clear understanding of restructuring- Osinbajo …Atiku: No, you have a choice to stick to restructuring As Nigerians eagerly await 2019, a year they will again have the opportunity to decide who rules them and take charge of their affairs for another four years, one issue many believe will be a determining factor in […]

Economy Law

Paul Usoro: FG should ‘rigorously pursue’ modernisation of Nigerian agriculture

Ihesiulo Grace 21 June 2018 0

Nigerian Bar Association presidential aspirant, Paul Usoro SAN says in order for Nigeria to metamorphose into an agro-industrialised economy, the federal government should at all levels rigorously push for and apply policies channelled towards improving the focus on agro-industries. READ MORE: Paul Usoro: Rethinking the Nigerian Bar Association’s governance structures In a

Business News

FG reiterates commitment to economic diversification

Ihesiulo Grace 1 June 2018 0

The commitment of the Federal Ministry of Industry, Trade and Investment to initiate policies that would contribute to the diversification of the economy has again been reiterated. The Director, Industry Development Department (IDD) Mr. Kunle Olorode, stressed that the significant role Micro Small and Medium Enterprise (MSMEs) play as the engine of economic growth and […]

Business Top Stories

Nigeria’s economy gets a boost as reserves hit $47.8bn

Ihesiulo Grace 9 May 2018 0

…Currency in circulation drops to N1.96trn The Nigerian economy has continued to improve, while further efforts to address remaining gaps by both the monetary and fiscal authorities have been encouraged by local and international financial stakeholders, even as the nation’s foreign external reserves appreciated to $47.804billion as at Monday, May, 2018. Also, latest

Politics

BEN TV founder, Soyode declares for Nigerian presidency

Ihesiulo Grace 8 May 2018 0

Europe’s first ethnic media satellite channel’s founder and its former CEO, Mr. Ali Soyode, has formally declared his intention to run for Nigeria’s President in 2019. Soyode is also the convener of YES Nigeria, a fast-rising positive and innovative movement in the country. Addressing stakeholders and supporters in the country’s capital, Abuja on Monday, Soyode […]

News Top Stories

President wants youths to maximize opportunity in agriculture

Ihesiulo Grace 2 May 2018 0

President Muhammadu Buhari has reiterated his call on youths in Nigeria to seize opportunities in agriculture, saying that the sector is already proving to be the bedrock of the nation’s new economy. Speaking on Monday at Blair House, Washington DC after his White House engagements with President Donald Trump, the President, at a meeting with […]

News Top Stories

Trump, Buhari Speak On Economy, Herdsmen Killing In Joint Press Briefing

Ihesiulo Grace 30 April 2018 0

Nigerian President Muhammadu Buhari and his United States counterpart Donald Trump just finished a joint press statement in which the two leaders brief world media on various issues including deepening of trade and Military Corporation. It is the first meeting Trump has had with an African president since he assumed office 2017. At the conference, […]

News

Ngige tasks national employment council on sustainable job creation

Ihesiulo Grace 20 April 2018 0

The Minister of Labour and Employment, Sen. Chris Ngige has affirmed that Nigeria can no longer depend on proceeds from crude oil as the mainstay of its economy but rather as a catalyst for other employment generating sectors. Addressing the meeting of the National Employment Council in Abuja Thursday, Sen. Chris Ngige said, “Although our […]

News Top Stories

I’m bothered about Nigeria’s security, economy, Buhari tells British PM

Ihesiulo Grace 17 April 2018 0

President Muhammadu Buhari has reiterated the three-pronged focus of his administration on Monday when he held a bilateral meeting with British Prime Minister, Theresa May on Monday at 10, Downing Street, London. Buhari told the British PM that while politicians in the country are preoccupied with politics, he is bothered about the security, economy and […]

Food & Nutrition

How the recession affected the cost of feeding in Nigeria

Ihesiulo Grace 28 March 2018 0

The trend in the hike of food prices in Nigeria, has made a lot of consumers settle for smaller brands The present pattern demonstrates that as the purchasing power of Nigerians is diminishing, a beam of light is that in spite of the fact that the costs of items they look to buy are ceaselessly […]

Oil & Gas

NNPC resolves to encourage local investors

Ihesiulo Grace 24 March 2018 0

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr. Maikanti Baru, has restated the corporation’s commitment to support indigenous companies operating in the oil and gas industry to grow to their fullest potential.   The GMD who stated this in Lagos on Thursday at the official unveiling of 11 new helicopters to […]

Politics

Presidential aspirant, Moghalu promises to end corruption in Nigeria

Ihesiulo Grace 24 March 2018 0

A former Deputy Governor of the Central Bank of Nigeria (CBN) and aspirant in the 2019 presidential race, Professor Kingsley Moghalu, has spoken about how he will transform the country if he is voted to lead Nigeria.   Moghalu spoke during a lecture organised by Centre for Financial Journalism (CFJ) on Thursday.   The presidential […]