Economy

Economy

Nigeria's total debt stock hits N28.63trn in Q1,2020

Cynthia Egboboh Jul 10, 2020

Nigerian states and Federal Government recorded a total debt stock of N28.63 trillion in the first quarter of 2020, representing...

Economy

Buhari to sign N10.8trn revised 2020 budget Friday 

Solomon Ayado Jul 09, 2020

President Muhammadu Buhari will on Friday sign into law the revised 2020 appropriation bill of N10.8 trillion, Minister of Finance,...

Economy

N2.3trn ESP: FG incorporate state Governors in implementation committee

Anthony Ailemen Jul 09, 2020

The Federal Government will incorporate state governors in the implementation committees to drive its N2.3 trillion Economic Sustainability Plan. Vice...

Economy

Akwa Ibom gives tax waivers to SMEs for 2020

Aniefiok Udonquak Jul 08, 2020

Akwa Ibom has given an exemption to Small and Medium Enterprises with a maximum turnover of N5 million for the...

Economy

ESP implementation top agenda as Buhari presides over sixth virtual FEC meeting

Anthony Ailemen Jul 08, 2020

The implementation of the Economic Sustainability Plan (ESP) of the Federal Government is top on the agenda of Federal Executive...

Economy

FG begins implementation of ESP

Anthony Ailemen Jul 07, 2020

The Federal government on Tuesday kicked off planned implementation of the Economic Sustainability Plan ESP Vice President Yemi Osinbajo on...

Economy

AfDB says Africa's economy to shrink by 1.7%, as Covid-19 bites harder

Onyinye Nwachukwu Jul 07, 2020

As the world faces the ravaging impact of Covid-19 pandemic, the Africa Development Bank (AfDB) has projected a contraction of...

Economy

Signature 50 ranking unveils Nigeria’s biggest corporations

Lucky Nwanekwu Jul 06, 2020

For the second year running, Signature 50 has unveiled Nigerians biggest corporations. The ranking, based on market capitalisation, is exclusive...

Economy

FX shortage impedes new investment in Nigeria, says EFG Hermes

Lolade Akinmurele Jul 06, 2020

Nigeria’s foreign exchange shortage, which has blocked foreign investors from repatriating funds and forced the Central Bank of Nigeria (CBN)...

Economy

NSIA grows total assets to N649.84bn in 2019

Micheal Ani Jul 05, 2020

The Nigeria Sovereign Investment Authority recorded a five percent growth in Total Assets from N617.7bn in 2018 to N649.84bn as...

Economy

Business-friendly environment will help Nigeria attract investments - Citi

Odinaka Anudu Jul 05, 2020

Nigeria must improve its business environment and remove barriers to trade to attract local and foreign direct investments, according to...

Economy

Akwa Ibom grants tax holiday but uncertainty remains over implementation

Aniefiok Udonquak Jul 04, 2020

Akwa Ibom State government has announced plans to grant a waiver to taxpayers as part of efforts to cushion the effect of coronavirus...

Economy

Imo government plans migration to contributory pensions scheme

businessday Jul 04, 2020

Imo State governor, Hope Uzodimma, has set in motion the process of integrating Imo pensioners into the National Contributory Pensions Scheme as a...

Economy

NSIA reports N36bn Profit, N649.84bn assets despite volatility 

Onyinye Nwachukwu Jul 03, 2020

The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”)- managers of Nigeria’s sovereign wealth fund, at the weekend announced a...

Economy

Experts say institutional reforms a key missing link in FG's economic sustainability plan

Harrison Edeh Jul 03, 2020

Experts are worried that lack of proper institutional and sectoral reforms could weaken the much expected impact of the federal...