Economy

Economy

Finance minister cancels oil & gas pre-shipment tender exercise

BusinessDay Dec 24, 2015

Nigeria’s Minister of Finance, Kemi Adeosun on Wednesday ordered the immediate cancellation of the tendering process for the engagement of...

Economy

FG urged to enforce patronage of local iron, steel products

BusinessDay Dec 23, 2015

Against the backdrop of the challenge local manufacturers are facing, Hasib Moukarim, managing director, Nigeria Gas and Steel Limited (NGSL),...

Economy

Nigeria seeks to reflate economy with record budgetings

BusinessDay Dec 23, 2015

Nigeria took a step closer to stimulating its struggling economy hit by collapsing oil prices as President Muhammadu Buhari yesterday...

Economy

Nigerian non-deliverable forwards hit 3-month high on budget worries

BusinessDay Dec 22, 2015

Nigerian non-deliverable forwards rose across the curve by over 2 percent on Tuesday, after the country’s government said it expected...

Economy

Gridlock: Hope dimming on Apapa as FG keeps mute

BusinessDay Dec 22, 2015

Hope that the Federal Government would take some immediate action to bring the much desired relief to port users, residents...

Economy

South Africa senior mines official quits as sector struggles

BusinessDay Dec 18, 2015

The most senior public servant in South Africa’s mineral resource department, Thibedi Ramontja, has resigned, becoming the second high-ranking government...

Economy

Nigeria, to benefit from Afreximbank's $3 billion Programme to address Africa’s trade finance liquidity shortage

BusinessDay Dec 17, 2015

Nigeria and other member-countries of the African Export-Import Bank (Afreximbank) would soon benefit from a financing programme by the pan-African...

Economy

NEPC proposes increased investment in palm oil, other agricultural produce, to diversify economy

BusinessDay Dec 15, 2015

Following dwindling crude oil price and its negative effect on Nigeria’s economy, the Nigerian Export Promotion Council (NEPC), an agency...

Economy

Commodity exchanges, savings mobilisation key for diversification-Experts

BusinessDay Dec 15, 2015

Experts at the recently held BusinessDay’s Annual Capital Market Conference have canvassed for the reactivation of commodity exchanges in the...

Economy

Nigeria tightens rules for retail bureaux de change, naira falls

BusinessDay Dec 15, 2015

Nigeria’s central bank on Friday revised the rules for operating retail bureaux de change in a bid to tighten regulation...

Economy

Airlines at risk over falling naira as Dana commences Accra route

BusinessDay Dec 14, 2015

Obi Mbanuzuo, chief operating officer of Dana Airlines, laments the falling value of the naira, saying it has brought untold...

Economy

Nigeria needs $250bn to tackle infrastructure deficit - DMO

BusinessDay Dec 11, 2015

Debt Management Office says Nigeria needs $250 billion for the next 10 years to tackle infrastructure deficit in the country....

Economy

FG needs N900bn for rehabilitation of federal roads

BusinessDay Dec 11, 2015

Abubakar Magaji, permanent secretary, Federal Ministry of Power, Works and Housing, says the sum of N900 billion is required for...

Economy

Senate carpets NAFDAC DG over anti-civil service practice

BusinessDay Dec 11, 2015

Director General, National Agency for Food, Drug Administration and Control (NAFDAC), Paul Orhii, yesterday came under severe criticism by the...

Economy

Reps decry increasing debt... as MTEF passes second reading

BusinessDay Dec 10, 2015

Some members of the House of Representatives on Wednesday expressed concern over the country’s rising debt portfolio, which stands at...