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Growth

Kwara State to leverage BOI expertise for industrial growth

The Kwara State government has said it will leverage the technical and financial capacity of the Bank of Industry (BOI) to build a partnership for sustainable entrepreneurship development in the State. The Governor of Kwara State, Abdulfatah Ahmed, noted that partnering with BOI would help upscale already existing entrepreneurship schemes in the state, to drive […]

Oil, gas sector needs $10b investment annually

Aiteo

The Oil and gas sector needs investment worth about $10 billion for four consecutive years in order to transform the sector. The Minister of State for Petroleum Resources, Dr. IbeKachukwu stated this while delivering his ministerial address at the ongoing 2017 Nigeria Oil and Gas Conference (NOG) in Abuja. “For transformation to occur in the […]

DMO introduce savings bonds for retail investors

The Federal government of Nigeria through its Debt Management Office on Wednesday announced its plan to target retail investors with a new savings bond that will go on sale this month. The debt office said the bonds will be offered in Two- and three-year maturities, with interest paid quarterly. The interest rate has yet to […]

Federal Government commits towards capital market growth.

His Excellency, Vice President of Nigeria, Professor Yemi Osinbajo in his maiden visit to the Nigerian Stock Exchange (NSE) has pledged the full support of the Federal Government towards partnership that will engender the rebound of the Nigerian Stock market. His Excellency, gave this assertion whilst performing the closing gong ceremony, in company of the […]

Education, Critical to Economic Growth SSANU Tells President-Elect

The Senior Staff Association of Nigeria Universities (SSANU) on Monday called on the President-elect, Gen. Mohammadu Buhari to make education his major focus in Nigeria’s quest to become a major global economy. The National Vice President (West), Mr Alfred Jimoh made the call in Lagos. Jimoh said that having been a one-time president of the […]

Central Banks’ Reserves Decline Threaten Emerging Markets

The decade-long surge in foreign-currency reserves held by the world’s central banks is coming to an end. Global reserves declined to $11.6 trillion in March from a record $12.03 trillion in August 2014, halting a five-fold increase that began in 2004, according to data compiled by Bloomberg. While the drop may be overstated because the […]