Economy

Economy

Wike signs Rivers’ N300.37bn revised 2020 budget

Ignatius Chukwu Aug 03, 2020

Governor Nyesom Wike of Rivers State on Monday, August 3, 2020, signed into law the revised 2020 budget now down...

Economy

Foreign reserves decline to $35.92bn as naira gains N1.50k

Hope Moses-Ashike Aug 03, 2020

Nigeria’s foreign reserves declined by $59.86 million Week-To-Date to $35.92 billion as foreign exchange (FX) outflows continue to surpass inflows....

Economy

Finance institutions to pay 30% of amount requested from CBN's N220bn MSME fund as collateral

Hope Moses-Ashike Aug 03, 2020

Participating Finance Institutions (PFIs) are expected to provide 30 percent of the amount to be accessed from N220 billion Micro...

Economy

The human face of an economy growing slower than population 

Lolade Akinmurele Aug 02, 2020

Five straight years of negative Per Capita GDP growth is unprecedented in Nigeria, at least, since the turn of democracy...

Economy

Nigeria will pay back China loan In 20 years, says Amaechi

businessday Aug 01, 2020

Minister of Transportation, Chibuike Rotimi Amaechi has reiterated that the Nigerian government has the capability to pay back the loans...

Economy

T-Bill rates rise first time in 8 weeks as investors place N265bn in successful bids

Okafor Endurance Jul 31, 2020

Fixed-income investors seeking high-yielding securities in light of the prevailing developments in the markets were not disappointed, as attempts to...

Economy

Businesses confidence on macro economy downbeat at-7.9 index

Hope Moses-Ashike Jul 30, 2020

Nigerian businesses overall confidence on macroeconomy at -7.9 index points was bearish in July 2020 according to the Business Expectations...

Economy

Governor Makinde signs revised 2020 budget, explains new loans

Remi Feyisipo Jul 29, 2020

The present administration’s determination to fix the huge infrastructure deficit in the state and get the state on the right...

Economy

Manufacturing PMI contracts by 44.9 index points in July

Hope Moses-Ashike Jul 29, 2020

The Manufacturing Purchasing Managers Index (PMI) contracted further for the third consecutive month by 44.9 index point in the month...

Economy

Uzodimma signs N108.3 billion revised budget

businessday Jul 29, 2020

Senator Hope Uzodimma, Governor of Imo State has signed into law the 2020 revised budget of one hundred and eight...

Economy

FG advocates public partnership in driving economic development as recession looms

Cynthia Egboboh Jul 29, 2020

The Minister of State for Budget and National Planning, Clem Ikanade Agba has stressed on the need for public partnership...

Economy

Benue Governor signs 2020 revised budget of N108bn

Benjamin Agesan Jul 29, 2020

Governor Samuel Ortom today signed into law, the revised appropriation bill of N108.8 billion for the year 2020. The revised...

Economy

Plateau Governor signs revised 2020 budget into law

Benjamin Agesan Jul 29, 2020

Plateau State Governor Simon Bako Lalong has signed into law the revised 2020 Appropriation Bill into law. The 2020 Budget...

Economy

ECOWAS institutions embrace AfCFTA for better implementation

Innocent Odoh Jul 28, 2020

The Economic Community of West African States (ECOWAS) has mobilised its institutions and specialised agencies to improve its understanding of...

Economy

Reps summon Amaechi, Ahmed, Pantami over $500m Chinese loan for railway projects

James Kwen Jul 28, 2020

The House of Representatives has summoned the Minister of Transportation, Rotimi Ameachi; Minister of Finance, Zainab Ahmed; and Minister of...