CBN MPC maintains policy in line with analysts’ expectations

March 23, 2021

CBN set USSD service charge to N6.98 per transaction; banks to debit customers’ account

Charles Abuede   The 278th convention of the CBN’s Monetary Policy Committee (MPC) held on Monday and Tuesday in Abuja in the light of lingering uncertainties associated with the COVID-19 pandemic, the existence of unsavoury inflation numbers at 17.33 per cent, economic recession, saw the committee maintain all policy levers at 11.50 per cent for the third […]

Nigeria’s oil-rich Rivers State to spend N448bn in 2021 in pursuit of inclusive growth

Ben EguzozieDecember 3, 2020

Finance commissioner fails to list sectoral allocations State to spend N2.75bn on LG elections New budget 49.37% higher than revised 2020 budget Oil-rich Rivers State has budgeted N448 billion (Four hundred and forty-eight billion, six hundred and sixty million, seven hundred and seventy-three thousand, four hundred and seventy-six naira (or N448,660,773.476) for the 2021 fiscal […]

Finally, Nigeria ratifiesits membership of AfCFTA

November 12, 2020

By Hamid Ayodeji   The Federal Executive Council (FEC), the Nigerian government highest decision making body, on Wednesday announced it has approved the African Continental Free Trade Agreement (AfCFTA) instrument of ratification to the African Union Council (AUC), which generates a single continental market for goods and services, free movement of business persons and investments, […]

Coumantaros, Flours Mills chief, canvasses adequate infrastructure, policy consistency for economic growth

November 11, 2020

By Hamid Ayodeji   John Coumantaros, one of Nigeria’s biggest industrialists and investors, and chairman of Flour Mills of Nigeria, has said that adequate infrastructural development and enforcement of prosperous policies and regulations by the Nigerian government are crucial for the sustainable development of the agricultural sector, and the economy as a whole,as they make […]

NLC orders Nigeria insurance, bankers’ union to join planned strike  

September 23, 2020

  By Charles Abuede   The National Union of Banks, Insurance and Financial Institutions Employees have been directed by the National Executive Council (NEC) of the Nigeria Labour Congress (NLC) to ensure total compliance with the planned nationwide strike action which begins from Monday 28th September, 2020. A general circular issued and signed by Mohammed […]

Nigeria requires additional $350bn to achieve SDGs ⁠- UNDP

March 13, 2020

The United Nations Development Programme (UNDP) says Nigeria will require additional 350 billion dollars to achieve the sustainable development goals (SDGs), which will end in 10 years’ time. Mohamed Yahya, the resident representative of UNDP in Nigeria, made this known while hosting the House of Representatives committee on SDGs led by the chairman, Rotimi Agunsoye […]

Nigeria’s economy under threat as oil prices collapse

March 10, 2020

CBN meeting and NSE in focus

By Lukman Otunuga’s commentary    The staggering depreciation in oil prices could not have come at a more disruptive and critical time for the Nigerian economy.   Oil tumbled more than 30% overnight and now sits below $34 a barrel. These levels have not been seen since early 2016. The fall comes after Saudi Arabia announced massive discounts […]

Uzodima gives assent to Imo State revenue administration law

February 27, 2020

COVID-19: Imo governor announces further measures against the spread

By Dikachi Franklin,  Owerri As part of the efforts  to boost the internally generated revenue to help provide more infrastructural facilities in Imo State,  Governor Hope Uzodinma has assented to the Imo State Revenue Administration Law 2020 as amended. The law will not only help to boost the revenue  base of the state but further […]