Business Top Stories

Nigeria’s economy improves as reserves add $13.6bn in 1 year

Ihesiulo Grace 11 March 2018 0

…GDP expanded by 1.9% – Economists Despite the International Monetary Fund (IMF) belief that the Nigeria’s economy remained vulnerable after exited from its worst recession in 25 years, economists are confident that Africa’s largest economic recovery can take momentum into stronger

Business Economy

Who Really has the largest economy in Africa?

Ihesiulo Grace 11 March 2018 0

President Muhammadu Buhari recently presented the country’s 2018 budget at the National Assembly. It was Nigeria’s biggest budget in terms of size. Yet, it was “meagre” when compared with the budget of other major countries in AFrica Nigeria- $23 billion, South Africa – $116 billion Angola – $124 billion, Algeria – $53

Agriculture

IoD fellow charges members on agric, unemployment

Ihesiulo Grace 8 March 2018 0

Directors and heads of organisations have been urged to leverage on prospects the agriculture sector brings with its potential for creating wealth to grow the economy , as well as tackle the growing unemployment in the country. A fellow of the Institute of Directors and Chairman, Best Food Group, Emmanuel Ijewere, insisted that 75 per […]

Business

Buhari welcomes increased foreign private investments

Ihesiulo Grace 2 March 2018 0

President Muhammadu Buhari has welcomed the rise in Foreign Private Investments in the country owing to the success of his administration’s economic agenda. Speaking on Thursday at a meeting with a Qatari business delegation led by the former Emir, Sheikh Hamad Bin Khalifa Al-Thani at the State House, Abuja, the President described the Federal Government’s […]

News Politics Top Stories World

Liberia’s George Weah cuts salary by 25%, says “our economy is broken”

Ihesiulo Grace 30 January 2018 0

President George Weah of Liberia pledged to cut his salary by 25 per cent on Monday, in a nationwide address in which he warned of tough times ahead for a “broke” country. “The state of the economy that my administration inherited leaves a lot to do and to be decided,” the former international soccer star […]

Economy

Our economy is performing better in 2018 – Udoma

Ihesiulo Grace 14 January 2018 0

The Nigerian economy will be significantly better in 2018 going by the consistent positive trend of key economic indicators since the country exited recession in the second quarter of last year. Minister of Budget and National Planning, Senator Udoma Udo Udoma, stated this at the 2018 Economic Outlook Forum of the Redeemed Christian Church of […]

Business

NBS releases 179 reports on Nigeria’s economy

Ihesiulo Grace 8 January 2018 0

The National Bureau of Statistics (NBS) is to release no fewer than 179 reports on different sectors of the economy this year. According to the 2018 tentative data release calendar posted on the bureau’s Website, the NBS is expected to release 40 data in the first quarter. According to the calendar analysed by the News […]

Business Economy

Economy: Lagos records N50bn cash transaction increase in four weeks

Ihesiulo Grace 28 December 2017 0

The Lagos State economy has received a major boost, as spending in the creative sector records an estimated N50billion cash transactions in the first three weeks of December, according to reports monitored by the Lagos State Government. The peak in entertainment activities and the huge influx of people from neighboring states and the Diaspora on […]

News

One Lagos Fiesta: 100 artistes, 40 concerts across five divisions, set to boost tourism, economy- LASG

Ihesiulo Grace 18 December 2017 0

The Lagos State Government at the weekend disclosed that over 100 artistes cutting across all genres would be performing at this year’s One Lagos Fiesta (OLF); its flagship yuletide revue scheduled to hold from December 24 till the early hours of January 1, 2018. Addressing journalists at the Bagauda Kaltho Press Centre in Alausa, Ikeja, […]

Business Education

Economy: Stakeholders call for deregulation, repositioning

Ihesiulo Grace 11 December 2017 0

Stakeholders in the nation’s banking industry, who gathered at the Lagos State University(LASU) on Wednesday to brainstorm on: ‘Deregulating the Nigerian Economy Towards Moving to the End of the Era of Oil,’ have canvassed deregulation as well as repositioning of the nation’s troubled economy. The event was the annual public lecture of the Department of […]

Business Capital Market

Economic growth impacts NSE indices to positive week start

Ihesiulo Grace 21 November 2017 0

As the Nigerian Bureau of Statistics (NBS) announced the Q3 2017 GDP report showing the economy grew farther by 1.4 per cent on Monday, Nigeria’s stock market advanced higher to close in a positive territory. The growth in GDP is the second consecutive positive growth in the GDP since Q2-2017, supported by a spike in […]

Politics

Join politics to revolutionalise nation’s infrastructure, grow economy, engineers told

Ihesiulo Grace 12 November 2017 0

Members of the Nigerian Society of Engineers (NSE) have been advised to go into politics to provide direction in leadership, revolutionalise the nation’s infrastructure and ensure rapid economic growth. Mr Wale Adeniran, the Director, Human Resources, Flour Mills Plc, made the call on Saturday while speaking as a guest speaker at the 8th memorial lecture […]

Business

Bankers’ dinner: Emefiele, others set 2018 economy direction

Ihesiulo Grace 10 November 2017 0

All is set for the banking community, stakeholders in the financial sector and the general public to know the state of the Banking Industry and the Nigeria’s economy, as the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, will takes all stakeholders through economic refirms and development in the Industry. The Apex bank Governor […]

Business News

Motor dealers cry out over harsh government’s policy

Ihesiulo Grace 7 November 2017 0

Motor dealers in Akwa Ibom state have decried the policies of the Federal Government for stopping importation of cars through land boarders, thereby putting their businesses in danger. President Mohammadu Buhari had in 2015 after assuming office, ordered a stop to all importation of cars into the country through land borders. The state chairman of […]

Analysis

FG’s oil, gas reforms fast-tracking private sector-led investments – Osinbajo

Ihesiulo Grace 7 November 2017 0

The Vice President Professor Yemi Osinbajo Solicits private sector cooperation in the realization of FG’s clean energy economy initiative. He also solicits the cooperation and support for the clean energy economy efforts as well. He made this request at the 55th anniversary celebration of oil producers’ trade section (opts) of the Lagos Chambers of Commerce […]

Entertainment Opinion

How govt can create millionaires from entertainment sector

Ihesiulo Grace 7 November 2017 0

Funding is the most critical component in growing any business, the entertainment business is no different. Entertainment entrepreneurs are the most disadvantaged of all Entrepreneurs in Nigeria because banks, Private Equity and Venture Capitalist Firms in Nigeria refuse to put their capital in the entertainment space. A huge majority of Entertainment Entrepreneurs in

Business Politics

Anambra’ll soon emerge as 5th largest economy in the world –predicts Soludo

Ihesiulo Grace 24 October 2017 0

John Ndu, Awka A former Governor of Central Bank of Nigeria (CBN), Prof. Chukwuma Soludo, has described Anambra as a fast growing economy with vast enabling opportunities. Prof. Soludo who said this at St. Mary’s Field, Nnewi, Nnewi South Local Government Area (LGA) said the present administration was driven by vision. He noted that vision […]

Interviews

Too much politics without development ruining Nigeria’s economy -James

Ihesiulo Grace 20 October 2017 0

Bassey James, a renowned criminologist, security expert and cleric, is also the National President, Southern Youths Development Forum. James, a man passionate about Nigeria, Niger Delta region and empowering the youths for leadership is worried the way Nigerians are playing politics to the detriment of development of the economy. He believes that unless Nigerian leaders

Edo Times

EDSG plans Alaghodaro investment summit to boost economy

Ihesiulo Grace 19 October 2017 0

In a bid to re-engineer the economy of Edo State towards a better future for its citizens, the Godwin Obaseki-led government is set to host the maiden Edo State Investment Summit with the theme “Envisioning the Future” from November 10 – 12, 2017 at Edo Hotels, Okada Avenue, Benin City. Christened ‘Alaghodaro’ meaning ‘progress’, the […]

News

Dangote, others to accelerate Africa’s economic integration

Ihesiulo Grace 19 October 2017 0

The AfroChampions Initiative has just taken a new step with the official creation of the AfroChampions Club, a new platform to mobilise African multinationals to accelerate the economic integration of the continent. At the invitation of Mr. Aliko Dangote, Founder and CEO of the Dangote Group and President of the Club, key business leaders, representing […]