*Says Naira4Dollar scheme boosts remittances to $100m per week *As CIBN president, Olugbemi congratulates CBN over launch of e-naira MOTOLANI OSENI As part of the efforts to catalyze further growth of the Nigerian economy, not less than a whopping one trillion naira in seed funding has been pulled together for the infrastructure company (Infracorp) to […]
MOTOLANI OSENI As part of its continued efforts to further grow and develop the Southwest region, and the nation at large, Odu’a Investment Company Limited (OICL) has invested in eight critical sectors of the Nigerian economy. Before now, the Southwest owned company had investments in no fewer than five sectors, however, added additional three sectors […]
*Assures investors of Nigeria’s willingness to create a win-win at every point *Why we’re building diverse cooperations with Nigeria – French President President Muhammadu Buhari says outlook on Nigerian economy remains bright, with sustained investments in infrastructure, particularly ICT, that favour global businesses and a friendly regulatory environment that supports Foreign Direct Investments (FDI). The […]
By Philip Clement Nigeria’s gross domestic product (GDP) has contracted by six per cent in the second quarter of 2020, a new report by the National Bureau of Statistics (NBS) has shown. According to the report which was released on Monday, Oil GDP contracted by -6.63 per cent from 5.06 per cent in the first […]
The Advertising subsector of the Nigerian economy may have lost billions of naira to the slow-down in business caused mainly by the dreaded COVID-19. The revelation came even as its foreign affiliates were believed to have recorded losses in businesses running into billions of dollars. Speaking on this the development recently in Lagos, the Acting […]
…Meets with bank executives March 21 to work out modalities In a bid to cushion the harsh effect of the Coronavirus on the Nigerian economy and supply chains round the globe, the Central Bank of Nigeria (CBN) has announced plans to increase its intervention in boosting local manufacturing and import substitution by another N1 trillion […]
Abuja – The Central Bank of Nigeria (CBN) says the aggregate industry credit has risen from N15.3 trillion in May 2019 to about N17.4 trillion in January 2020. The CBN Governor, Mr Godwin Emefiele, disclosed this at a consultative roundtable meeting organised by the Bank in Abuja on Wednesday. The roundtable has as its theme, […]
The convener of The Platform, Nigeria, Pastor Poju Oyemade has said that Nigeria’s problems are rooted in societal indifference and personal callousness caused by the imperfections of men, and in solving this problem, there is a need for a change in government policies, implementations and individuals’ approach to the national issues and concerns. He said […]
Professor of Management at Middle Tennessee State University, Prof. Sesan Kim Sokoya, has offered ideas on how the Nigerian economy can be boosted with adequate economic clusters. Professor Sokoya was speaking in Lagos at the special public lecture organised by Pinnacle Leadership and Entrepreneurial Academy Nigeria Limited, in celebration of the firm’s Chairman, Mr. Gbola […]
Managing Director/ Chief Executive Officer of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, has said that the bank will catalyze growing opportunities in the Nigerian economy, to deliver good returns to shareholders in 2018. Speaking at the bank’s 30th Annual General Meeting (AGM) in Lagos on Friday, Okonkwo said the bank would continue to focus on […]
An estimated $2.23billion is expected to be injected into the economy in terms of construction and fixed assets, with the completion of the Lekki Deep Sea Port in Lagos. This amount is expected to rise to an aggregate of $3.61 billion over a 45-year concession period in the Nigerian economy. This development and other benefits […]
A group of Nigerian professionals in the U.S. have expressed their eagerness to come home and invest in the Nigerian economy to fast-track the development of the country. Some of the professionals who spoke at the inauguration of the Nigerians-American Business Forum at Florida, said they were determined to use their wealth of experience to […]
The Director-General of Consumer Protection Council (CPC), Mr. Babajide Irukera, has charged stakeholders in the leasing industry to intensify awareness campaigns about leasing, adding that it holds the key to unlocking the embedded potential of Nigeria’s informal sector, while boosting Africa’s largest economy. Speaking at the 15th annual national lease conference, organized by the Equipment […]
Finally, after five painful quarters in the red zone, the Nigerian economy eventually inched its way out of recession, expanding by 0.55 percent year-on-year in the second quarter of 2017. The country made its way out of the worst economic recession since Ibrahim Badamosi Babangida. According to World Bank figures, the last time Nigeria’s gross […]
Shoprite Nigeria, continues to reaffirm its commitment to locally manufactured products with its ‘Made- in- Nigeria’ initiative, which has benefited local producers and customers alike. The majority of products sold by Shoprite Nigeria are sourced locally and by pledging to stock even more local produce across its twenty three stores, Shoprite is highlighting its commitment […]
…Says Current Economic Recession will Reduce in 2017 …Seeks Stronger Ties With Legislature President Muhammadu Buhari has congratulated the Senate President, Dr Bukola Saraki on the occasion of his 54th birthday anniversary. This is just as President Muhammadu Buhari yesterday also expressed optimism that the current economic recession will reduce in 2017. In a goodwill […]
One of the highlights of the Buhari administration’s 2016 budget is the plan to diversify the Nigerian economy from its over reliance on crude oil to solid minerals. In presenting the immediate past budget, the President expressed optimism that its funding and implementation would partly be from the solid minerals in due course. The Nigerian […]
The Nigerian Breweries (NB) Plc says it has invested N243 billion in the Nigerian economy. According to the NB’s latest newsletter, the N243 billion amounted to 0.65 percent of the nation’s Gross Domestic Product (GDP). It said that NB had contributed positively to the economic and social development of the country by investing in expansion […]
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