Economy

Economy

Nigeria must now become productive economy through value-addition--BoI MD

BusinessDay Sep 12, 2016

Waheed Olagunju, acting managing director/ CEO of Bank of Industry (BoI), says Nigeria has no other option than to become...

Economy

CBN embarks on sensitisation campaign to boost local production

BusinessDay Sep 11, 2016

Central Bank of Nigeria has reiterated it’s Intention to revamp, reposition and re-engineer vital sectors of the economy particularly those the country has...

Economy

Banks, SMEs and Nigeria’s development challenge

BusinessDay Sep 11, 2016

Back in July, Finance Minister, Kemi Adeosun disclosed that Nigeria had slipped into technical recession, confirming a widely predicted fallout...

Economy

Increasing consumer goods prices won’t offset impact of weak naira - Renaissance Capital

BusinessDay Sep 09, 2016

Renaissance Capital Nigeria, an investment bank, has updated its views on Nigerian consumer stocks, noting that increasing the price of...

Economy

Importers welcome N306/$ exchange rate for import duty payment at ports

BusinessDay Sep 08, 2016

Importers, who spend more on payment of import duty following increased exchange rate, have accepted the recent reduction of exchange...

Economy

ITF moves to boost industrial manpower skills

BusinessDay Sep 08, 2016

As part of efforts geared towards achieving its mandate of providing skilled manpower for Nigeria’s industrial development, the Industrial Training...

Economy

Fiscal, monetary policies will reduce unemployment - Chamber

BusinessDay Sep 08, 2016

Abuja Chamber of Commerce and Industry (ACCI) has advised Federal Government to sustain its current fiscal and monetary policies to...

Economy

Private sector driven national carrier, MRO, key to revival of aviation sector

BusinessDay Sep 07, 2016

Minister of state, aviation, Hadi Sirika, says a private sector driven national carrier and establishment of a Maintenance Repair and...

Economy

FG to raise 952 bln naira through treasury bill sales

BusinessDay Sep 07, 2016

The federal government plans to raise about 952.04 billion naira ($3.02 billion) with new issues of Treasury bills from Sept....

Economy

Igwe Nnewi makes case for made-in-Nigeria goods

BusinessDay Sep 07, 2016

The traditional ruler of Nnewi, Anambra State, His Royal Highness, Igwe Kenneth Orizu III, has commended the management of Eastern...

Economy

Recession: Senators tasks Buhari to take urgent steps to address crisis

BusinessDay Sep 06, 2016

The Vice Chairman, Senate Committee on Communications, Solomon Adeola has called on President Muhammadu Buhari to take urgent steps to...

Economy

Trade deficit narrowed in Q2 helped by naira float

BusinessDay Sep 06, 2016

The country’s trade deficit narrowed in the second quarter boosted by a currency float in June lifting exports, the national...

Economy

Manufacturers pump N3.2trn into economy in 3 years

BusinessDay Sep 06, 2016

Nigerian manufacturers invested N3.18 trillion in the economy between 2013 and 2015, despite all odds in the business environment,  a...

Economy

Economic diversification: Union Dicon, Delta partner on cassava cultivation

BusinessDay Sep 05, 2016

Governor Ifeanyi Okowa of Delta State has disclosed the state’s partnership with some multi-national firms to diversify the state’s economy...

Economy

FG commissions 28 additional CERPAC centres

BusinessDay Sep 05, 2016

As part measures to reduce the cost of doing business in the country,the  federal government has commissioned 28 additional centres...