Economy

Economy

CBN worries as non-oil exports income slumps by over $6bn in one year

BusinessDay Jan 20, 2016

Central Bank of Nigeria (CBN) has raised concerns over the huge decline in the non-oil export revenues that slumped further...

Economy

Sub-Saharan African debt issuance raised $15.5 billion for 2015

BusinessDay Jan 20, 2016

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, has released the annual investment banking analysis...

Economy

Europe-Africa Business corridor to diversify Nigeria's economy, boost intercontinental integration - Italian team

BusinessDay Jan 20, 2016

The World Bank-backed plan to build a business corridor between Europe and Africa from Sicily in Italy through Tunisia, Nigeria...

Economy

Japan Pledges support for NIPC to boost Nigeria's FDI

BusinessDay Jan 19, 2016

The Japan External Trade Organization (JETRO), a Japanese Government office for Trade and Investment has promised to work closely with...

Economy

Nigeria's inflation edges to 9.6%

BusinessDay Jan 19, 2016

Nigeria’s headline inflation edged 0.2 percent points to 9.6 percent in December, a second consecutive increase, as prices of both...

Economy

Economic experts uphold diversification as key to mitigate economic challenges

BusinessDay Jan 18, 2016

Economic experts say that the key to mitigating the impact of the current economic challenges in Nigeria is to diversify...

Economy

‘Favourable fiscal terms are important to encourage investors’

BusinessDay Jan 18, 2016

  Phillip Ihenacho, the CEO of Seven Energy, the indigenous integrated gas development, production and distribution Group, spoke in an...

Economy

Egypt to host African investment forum in February

BusinessDay Jan 18, 2016

Next month, on the weekend of the 20th and 21st February Egypt will host Africa 2016, the first international business...

Economy

Again, FAAN alerts on fake recruitment exercise

BusinessDay Jan 18, 2016

Federal Airports Authority of Nigeria (FAAN), yesterday said it was not recruiting, warning the general public to beware of swindlers...

Economy

Nigeria's inflation edges to 9.6%

BusinessDay Jan 17, 2016

Nigeria’s headline inflation edged 0.2% points to 9.6 percent In December, a second consecutive increase as prices of both food...

Economy

Interbank rate stays at 1 percent, but rise seen next week

BusinessDay Jan 16, 2016

The Nigerian interbank overnight lending rate closed at 1 percent on Friday, the same as last week, supported by the...

Economy

Investors await Buhari’s New Year economic plan

BusinessDay Jan 15, 2016

As 2015 witnessed absence of clarity in the policy direction of the Muhammadu Buhari-led Federal Government, investors are once again...

Economy

Nigeria, South Africa e-Commerce boosts international trade

BusinessDay Jan 14, 2016

… as Nigeria’s 2014 ePayments hit at $222bn A leading e-commerce payment gateway,‎ PayU Nigeria, has stated that e-commerce in...

Economy

TSA policy raises deposits in CBN to N7.8trn

BusinessDay Jan 14, 2016

The Single Treasury Account (TSA) policy in October 2015 has increased the total deposits at the Central Bank of Nigeria...

Economy

Finland to work with RMRDC in reviving Nigeria’s solid mineral sector

BusinessDay Jan 14, 2016

Following Federal Government’s diversification drive amid revenue constrains, Pirjo Suomela Chowdhury, Finland ambassador to Nigeria, has held discussions with the...