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Economy

State of Nigeria, African and global economies

Federal Government and Civil Aviation College To Forfeit N320m Over “Breach” Of Contract

Manufacturer auctions 4 Nigeria-bound training aircraft Rector blames forex scarcity for payment delay Emirates Airline threatens shut down Nigeria operations The Federal Government and the Nigerian College of Aviation Technology (NCAT) risk losing N320 million over a breach of contract. The Guardian, yesterday, learnt that the sum, being part payment …

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Senators Begin Probing Of Customs, Despite Spectacular Performance Under Ali

The Senate on Wednesday started a comprehensive probe into the activities of the Nigeria Customs Service (NCS) to block revenue leakages and enhance generation. The probe, launched by the Senate Committee on Customs and Excise, will look into ways to increase revenue generation capacity of the service. The Chairman of …

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FCT Minister Bans Cattle Grazing In Abuja Metropolis

As part of efforts to totally stop cattle grazing in Abuja metropolis and major entrance and exit highways into the city center, the FCT Minister, Malam Muhammad Musa Bello has met with members of the Miyatti Allah Cattle Breeders Association of Nigeria, FCT Chapter. During the meeting in his office, the …

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Abdulsamad Rabiu Wins Industrialist Of The Year Award

• Seeks foreign investors in Nigeria Industrialist and Executive Chairman of the BUA Group, Abdulsamad Rabiu has urged foreign investors to invest in Nigeria.Rabiu said this in Lagos while receiving an award as the West Africa Industrialist of the Year, 2016 for his contributions to the growth of the Nigerian …

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Why Nigeria Remain China’s Best Friend In Africa – Chinese Ambassador

“Investors from all over the world are falling over themselves to come and do business in Nigeria”, said President Muhammadu Buhari in his recent National Day address to Nigerians. I know this to be true. Since my arrival in Abuja last month as China’s new Ambassador to Nigeria, I have …

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Economic Recession: Dangote Sacks 36 Expatriates, 12 Nigerians

The current recession has hit one of the biggest employers of labour in the country outside of the government as the Dangote Group, belonging to Africa’s richest man, Aliko Dangote, has fired 48 members of staff. Our correspondents gathered that those sacked were made up of 36 expatriate and 12 …

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Bank Of Industry Seals N2bn MSMEs Financing Deal With Benue State Government

The Bank of Industry (Bol) has co-launched a N2 billion Micro Small and Medium Enterprises (MSMEs) development fund with the Benue State Government. Under the financing model, BoI will contribute N1billon which will in turn be matched in equal sum by the Benue State Government for on-lending to mainly businesses …

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The Nigerian ICT Sector Is A Haven For Investors – Says DG NITDA, Dr Pantami

ADDRESS BY THE DG NATIONAL INFORMATION TECHNOLOGY DEVELOPMENT AGENCY (NITDA) AT THE AFRICA INVESTMENT FORUM AT DUBAI WORLD TRADE CENTRE, UNITED ARAB EMIRATES (UAE). PROTOCOLS May Peace, Mercy and Blessings of Allah be upon you! All praises and thanks are due to the Lord of the universe. I am very …

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Federal and State Governments Shared N420 billion in September

Mrs Kemi Adeosun, minister of finance said N420 billion was shared as revenue by the Federal, state governments and the local councils for September as against N510.3 billion shared in August. Adeosun, said this in Abuja on Thursday at the monthly revenue allocation to Federal, States and Local Governments. She …

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Breaking: Spain To Set Up Manufacturing Companies In Nigeria

Trade delegation coming May 2017 The Government of Spain has revealed plans aimed at setting up Spanish manufacturing companies among other businesses in Nigeria, which is targeted at exploring economic potential and build business relations Nigeria. This is even as an official trade delegation has scheduled a visit to Nigeria …

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