Economy

Economy

Telecoms contributes N1.34bn to economy in Q1 2015

BusinessDay Jun 30, 2015

The latest telecommunication report released by National Bureau of Statistics (NBS) has shown that Nigeria’s telecommunication sector contributed N1.34 billion to...

Economy

Ebola-hit African countries firm up economic recovery strategies

BusinessDay Jun 29, 2015

Leaders of Guinea, Liberia and Sierra Leone, on Monday, adopted priority projects and determined the cost of the regional economic...

Economy

Analyst see CBN policy as delay of further devaluation

BusinessDay Jun 28, 2015

Central Bank of Nigeria’s policy of curbing access to the interbank currency market for investors wanting to buy foreign currency...

Economy

Nigeria central bank curbs access to foreign currency

BusinessDay Jun 28, 2015

The central bank has curbed access to the interbank currency market for the purchase of foreign currency bonds as well...

Economy

Travel agents contributed N460bn to GDP in 2014

BusinessDay Jun 26, 2015

The National Association of Nigerian Travel Agencies (NANTA) on Thursday said travel agents contributed $2.3 billion (about N460 billion) to...

Economy

Nigeria, ECOWAS, ECCAS to agree on new date for summit on Boko Haram

BusinessDay Jun 26, 2015

President Muhamma- du Buhari, yesterday, in Abuja welcomed efforts to strengthen and expand cooperation be- tween ECOWAS and the Economic...

Economy

Government revs up revenue by N42bn

BusinessDay Jun 25, 2015

… as three federating units to share N409bn Helped by ex- change gains, Nigerian gov- ernment gross revenue (ex- clusive...

Economy

Global air freight market increases 3.3%

BusinessDay Jun 25, 2015

The International Air Transport Association (IATA) A recent data released for global air freight markets has shown a 3.3 percent...

Economy

States, LGs share N409.3bn for May

BusinessDay Jun 24, 2015

The Permanent Secretary, Ministry of Finance, Anastasia Nwaobia, on Tuesday said that N409.3 billion was shared among the Federal, States...

Economy

Checking misappropriation of local government funds

BusinessDay Jun 24, 2015

Concerned citizens observe that almost all local governments across the country do not spend funds allocated to them by the...

Economy

Host communities stifling corporate social investment

BusinessDay Jun 24, 2015

Though businesses pro- vide social infrastruc- ture and investment to stem poverty and steer development, host commu- nities frustrate these...

Economy

IATA urges African governments to cut fuel tax, open skies

BusinessDay Jun 23, 2015

African governments must remove taxes on aviation fuel to create jobs, help carriers grow and make air travel more affordable, Tony...

Economy

Nigeria’s diaspora is a source of money, markets, skills and ideas

BusinessDay Jun 22, 2015

Agbo Jedi Jedi is a Nigerian herbal preparation that claims to treat just about anything from back pain and haemorrhoids...

Economy

37 ships expected in Lagos

BusinessDay Jun 19, 2015

About 37 ships lad- en with petroleum products, food items and other commodi- ties are expected to arrive in Apapa...

Economy

Indorama’s N26bn port terminal shapes up near Port Harcourt

BusinessDay Jun 18, 2015

-Another huge economic boost for Nigeria From the staple of the world renowned Indorama group comes another heartwarming breakthrough that...