Economy

Economy

#EndSARS: LCCI calls for calm as economy loses N700bn in 12 days

Odinaka Anudu Oct 20, 2020

The Lagos Chamber of Commerce and Industry (LCCI) has urged President Muhammadu Buhari to urgently grant audience to the leadership...

Economy

Reasons govts in emerging economies should prioritise SMEs devt

Chuka Uroko Oct 17, 2020

Poverty and economic inequality are the greatest challenges of the 21st Century and the surest route to dealing with these...

Economy

NESG summit to assist Nigeria government craft 2021-2025 Medium Term Plan

BusinessDay Oct 15, 2020

The Federal government of Nigeria yesterday said the 26th Nigerian Economic Summit (#NES26) was timely as the outcome of the...

Economy

Akwa Ibom eyes improved IGR in 2021 budget

Aniefiok Udonquak Oct 15, 2020

Akwa Ibom government says it is eyeing improved Internally Generated Revenue (IGR) in next year’s budget to avoid over-dependence on...

Economy

Nigeria government turns to 60 Russian experts to revive Ajaokuta Steel

Olusola Bello Oct 15, 2020

Hope rises for the moribund Ajaokuta Steel company, as Olamilekan Adegbite, the Minister of Mines and Steel Development says a...

Economy

Rising food costs, border closure push Nigeria inflation to near 3-yr high

Favour Olarewaju Oct 15, 2020

Nigeria recorded its highest inflation in nearly three years in September after food prices quickened on the back of the...

Economy

World Bank says subsidy removal means fiscal savings for Nigeria

Hope Moses-Ashike Oct 15, 2020

World Bank Group on Wednesday complimented Nigeria for tackling the problem of subsidies in the hydrocarbon area. David Malpass, the...

Economy

Apapa: What FG’s withdrawal of Task Team means for businesses, residents

Chuka Uroko Oct 15, 2020

For businesses, residents, motorists and other stakeholders, the federal government’s withdrawal of the Presidential Task Team (PTT) on Apapa Gridlock...

Economy

Nigeria may benefit as IMF, World Bank plan debt reduction for IDA countries

Hope Moses-Ashike Oct 14, 2020

Given the urgency of the debt crisis, Nigeria may benefit as the International Monetary Fund (IMF) and World Bank have...

Economy

Apapa gridlock: How corruption, vested interest ambush solutions, hurt businesses (1)

Chuka Uroko Oct 14, 2020

If traffic gridlock in Apapa has remained intractable over the years, it is because corruption and vested interest in the...

Economy

Commodity prices finally dropping since COVID outbreak but cassava flour defies trend

Caleb Ojewale Oct 13, 2020

Commodity prices in Nigeria soared across virtually every farm produce in the five months since COVID-19 outbreak gained traction across...

Economy

Government gets timely reminder of constraints in solely funding infrastructure

Favour Olarewaju Oct 13, 2020

Nigeria needs private capital to address a yawning infrastructure deficit that is holding the economy back. At a webinar titled...

Economy

More woes for Nigerian companies as FG plans tax increment for 2021 budget funding

Okafor Endurance Oct 13, 2020

Already struggling with the impact of COVID-19, Nigerian companies may be faced with more challenges as the Federal Government plans...

Economy

Reps begin debate on N13.082 budget

James Kwen Oct 13, 2020

The House of Representatives has begun debate on the N13.082 trillion 2021 budget presented to the National Assembly by President...

Economy

Inter-Parliamentary Union backs Nigeria on debt cancellation

James Kwen Oct 10, 2020

The Speaker of the House of Representatives, Femi Gbajabiamila, has received the support of the President of the Inter-Parliamentary Union...