Business News Report

ICAN offers to assist FG prepare budgets

The Institute of Chartered Accountants of Nigeria, ICAN, Abuja Chapter, has offered to assist the federal government to prepare its annual budgets early enough to enable...

IFC Invests in Nigeria’s Food Concepts, Supports SME, Food Processing Growth

IFC, a member of the World Bank Group, is investing $20 million in Food Concepts Plc to help the Nigerian quick service restaurant and bakery operator...

FG creates investment ministry, targets creation of 3m jobs annually $500m capital provided at single digit interest rates for SMEs

By Omoh Gabriel THE Federal Government, yesterday, created the Ministry of Trade and Investment in line with its promise to transform the economy within the next...

Lagarde hits triple C in reenergized agenda for IMF

Christine Lagarde, taking over as new Managing Director of the IMF, outlined a five point agenda for reenergizing the Fund to ensure the 187-member country institution...

IMF will focus resources capital power, brain, on what is useful for members

IMF Managing Director Christine Lagarde spoke to the media on her first day in office in Washington. Here are excerpts of the media encounter. You might...

Dry your crocodile tears and pay minimum wage

By Omoh Gabriel Nigeria is peculiar in several respects. There are several anomalies and politicians hide under this cover to deceive the people. The question of...

36 MDA had 43,000 ghost workers — Aganga

—- Nigeria needs N34 trillion for infrastructure in the next four years —-Domestic debt now $37 billion —-Monthly internally generated revenue N60bn —-Multi-year budgeting in the...

Governor’s subsidy removal demand will impoverish workers

By Omoh Gabriel The call by state governors that the federal government should remove fuel subsidy and increase the allocation from the federation account to states...

Union Bank will not be liquidated, complete recapitalisation in Sept

IMF top job: Agustín Carstens versus Christine Largade

The two contenders for the plump IMF position of Managing Director, French Finance Minister Christine Lagarde and Agustín Carstens former Deputy Managing Director of IMF and...

Banks top management and board to face CBN continuous assessment test every two years

Stealing Nigeria blind and failure of EFCC to stop the thieves

Stealing has become a major hobby and pastime for Nigerians in high places. It has even become a big time business. All arms of government are...

Economic diplomacy strategy needed to transform economy

Sound policies and strategies are required if Mr President is to succeed in his bid to transform the Nigerian Economy One of the strategies the President...

Obstacles the President has to deal with in transforming the economy

President Goodluck Jonathan must overcome many obstacles to achieve a rate of investment that will provide a satisfactory rate of economic growth, especially in per capita...

CBN grants banks new licences

By OMOH GABRIEL Central Bank of Nigeria, yesterday, released three categories of banking licences to banks operating in the country in line with the modified universal...