Economy

Economy

LCCI forecasts better days ahead for SMEs

BusinessDay Dec 31, 2015

The Lagos Chamber of Commerce and Industry (LCCI) has projected better days ahead for the micro, small and medium enterprises...

Economy

Nigeria's foreign reserves decline to $29.13bn yr/yr by Dec 29

BusinessDay Dec 31, 2015

Nigeria’s foreign exchange reserves declined by 15.61 percent year-on-year to $29.13 billion by Dec. 29, from $34.52 billion a year...

Economy

Nigerian-British Chamber canvasses adequate funding for SMEs in 2016

BusinessDay Dec 31, 2015

The Nigerian-British Chamber of Commerce (NBCC) has asked the Federal Government to adequately fund small businesses in 2016 in order...

Economy

'2016 budget proposal could spark up Nigeria’s economic recovery'

BusinessDay Dec 30, 2015

Abuja Chamber of Commerce and Industry (ACCI) says in spite of the bleak economic outlook confronting Nigeria, 2016 budget proposal...

Economy

Africa’s biggest economy defying currency critics chokes growth

BusinessDay Dec 29, 2015

Nigeria’s economy is growing at the slowest pace this decade as oil prices drop. Companies are complaining they can’t get...

Economy

Buhari is resolute to diversify economy - Adamu

BusinessDay Dec 28, 2015

Sen. Abdullahi Adamu (APC Nasarawa West) says President Muhammadu Buhari is determined to diversify the country’s economy. He said in...

Economy

FG pledges to subsidise funds, reduce tax rates for SMEs

BusinessDay Dec 24, 2015

In order to create thousands of jobs for unemployed Nigerians in 2016, the Federal Government has pledged to assist small...

Economy

Labour calls for effective implementation of 2016 budget

BusinessDay Dec 24, 2015

Organised labour under the aegis of Association of Senior Civil Servants of Nigeria (ASCSN) has called for an effective and...

Economy

Communication minister to address on blueprint for ICT development in January

BusinessDay Dec 24, 2015

  Minister of Communication, Adebayo Shittu, has said Nigerians should be a little more patient, as the blueprint for the...

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...