Tag archive for ‘Economy’
By Shaban Akanbi On Thursday, November 21st, 2019
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FAAC Shares N702bn For October

The Federation Accounts Allocation Committee (FAAC) on Wednesday shared a total of N702.058 billion to the three tiers of government for the month of October. This was announced in a communique read by Accountant More...

By Shaban Akanbi On Thursday, November 14th, 2019
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Border Opening: Nigeria, Benin, Niger Set Up Committee

Nigeria, the Republic of Benin and Niger, have established a joint border patrol team comprising the Police, Customs, Immigration of the tripartite countries to recommend a date for the reopening of the borders. The More...

By Shaban Akanbi On Wednesday, November 13th, 2019
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FG Frowns At False Declaration Of Mineral Production

Dr Uchechukwu Ogah, Minister of State for Ministry of Mines and Steel Development, on Tuesday said that the Federal Government would no longer tolerate false declaration of mineral production and other sharp practices More...

By Shaban Akanbi On Monday, November 11th, 2019
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Locally Produced Pencils To Save Nigeria $2.4bn

An entrepreneur, Mr Muideen Ibrahim, says locally-produced pencils will save the country over $2.4 billion (N734.4 billion) if encouraged and supported by the Federal Government with enabling policies. Ibrahim, More...

By Shaban Akanbi On Thursday, November 7th, 2019
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Border Closure Has Both Good, Bad Sides

The Lagos Chamber of Commerce and Industry (LCCI) on Thursday said the temporary closure of Nigeria’s land borders by the Federal Government was both good and bad for the economy. Mr Gabriel Idahosa, Vice More...

By Alamin Khaliel On Tuesday, October 8th, 2019
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Trump Threatens To ‘Destroy’ Turkey’s Economy If It goes ‘Off Limits’

(NEWS INVESTIGATORS) U.S. President Donald Trump on Monday threatened to “totally destroy and obliterate” the Turkish economy if Turkey takes any action he considered “off-limits” following his decision More...

By Shaban Akanbi On Tuesday, October 1st, 2019
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IPPIS, Other Reforms Save Nigeria Billion

President Muhammadu Buhari on Tuesday said the introduction of the Integrated Personnel and Information System (IPPIS) by Federal Government saved Nigeria billions of Naira over the last four years. He said More...

By Shaban Akanbi On Tuesday, October 1st, 2019
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FG To Release N600bn For Capital Projects

President Muhammadu Buhari has directed the Ministry of Finance, Budget and National Planning to release N600 billion for Capital Expenditure in the next three months. The President gave the directive More...

By Alamin Khaliel On Friday, September 13th, 2019
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We Will Make Oyo The Fastest Economy Growing State In Nigeria—Gov Makinde

(NEWS INVESTIGATORS) Oyo State Governor, Seyi Makinde, said on Friday that the vision of his administration is to make Oyo state the fastest growing economy in Nigeria within a short while. The Governor, who More...

By Alamin Khaliel On Monday, August 26th, 2019
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G7 Met To Close With Talks on Climate Change And Digital Economy 

(NEWS INVESTIGATORS) The G7 summit in France heads into its final day on Monday, with the leaders of the key democratic, major economies expected to tackle some of the thornier issues on their agenda. The schedule More...

By Shaban Akanbi On Saturday, August 24th, 2019
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Moghalu Decries Over Reliance On Oil

Prof. Kingsley Moghalu, a presidential candidate for the Young Progressives Party (YPP) in the 2019 presidential election, has expressed concern about the nation’s reliance on oil as a major source of revenue More...

By Shaban Akanbi On Friday, August 23rd, 2019
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FG, States, LGs Share N769.5bn For July

The Federal Government, States and Local Government Areas (LGAs) shared N769.52 billion as federal allocation for the month of July. Mr Ahmed Idris, the Accountant-General of the Federation (AGF), said this More...

By News Investigators On Thursday, August 22nd, 2019
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Trump Attacks Ford Motor For Not Backing Fuel Economy Rollback

(NEWS INVESTIGATORS) U.S. President Donald Trump stepped up a series of attacks on automakers on Wednesday for not backing his administration’s plan to roll back Obama-era fuel efficiency rules.Trump singled More...

By News Investigators On Thursday, August 15th, 2019
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Resuscitate Warri Port now To Boost Economy – Okowa Tasks FG

(NEWS INVESTIGATOR) Gov. Ifeanyi Okowa of Delta, on Wednesday in Asaba, stressed the need for the Federal Government to resuscitate Warri Port. Okowa, who gave the charge when the Olu of Warri, Ogiame Ikenwoli More...

By Shaban Akanbi On Wednesday, July 31st, 2019
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CBN Injects $210m Into Forex Market

The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market after the transactions on Tuesday, July 30. The bank’s Director, Corporate Communications More...

By News Investigators On Thursday, July 25th, 2019
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DMO Says N145bn July Bond receives 207.6% subscription

The Debt Management Office (DMO) says the N145 billion offered for three instruments in the July bond auction received a total value of N301.02 billion, indicating a subscription level of 207.6 per cent. In More...

By News Investigators On Sunday, July 21st, 2019
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CBN Advises Banks, Others on Customer Relations

The Central Bank of Nigeria (CBN), has advised banks and other financial institutions in the country to be transparent in their dealings in order to build customers’ confidence. Mr Kofo Salam-Alada, the Director, More...

By News Investigators On Sunday, July 21st, 2019
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NNPC Records N6.33bn Trade Surplus In May

The Nigerian National Petroleum Corporation (NNPC) said it recorded a trade surplus of N6.33 billon for the month of May, 13 per cent higher than the N5.60 billion surplus made  in April . The corporation More...