Nigeria’s poverty rate should be falling faster given its economic growth this decade, an official of the International Monetary Fund said. The share of citizens Nigerians...
The Central Bank of Nigeria (CBN) has retained the lending rate at 12 per cent, the Governor, Malam Sanusi Lamido Sanusi, said. Sanusi stated this on...
The Nigeria Sovereign Investment Authority, NSIA, has disclosed the allocation of its $1 billion (about N155 billion) take-off of capital to the three statutory funds through...
The naira eased against the U.S. dollar on the inter-bank market on Wednesday as strong demand from importers of fuel and other goods drained liquidity in...
President Goodluck Jonathan has approved the appointment of new chief executive officers for three parastatal agencies. The appointees are Mr Benjamin Dikki, Director-General, Bureau of Public Enterprises; Mr...
The Debt Management Office has said that Nigeria will continue to maintain a debt to Gross Domestic Product threshold of 40 per cent considering the economic...
Weekly transactions on the Nigerian Stock Exchange (NSE) opened on Monday on a bearish note with the major equities recording price losses. The market indices recorded...
—-oil revenue exceeded budget estimate —-non oil revenue drops By Omoh Gabriel The total federally collected revenue stood at N2. 425.3 trillion in the first three...
The World Bank has said that it would commit one billion dollars to support Nigeria’s agricultural sector in the next five years. Ms Marie-Francoise Marie- Nelly,...
National Insurance Commission, NAICOM, has issued new guidelines to oversee the operation of takaful industry in Nigeria. Takaful is a type of Islamic insurance, where members...
By Omoh Gabriel African Development Bank is exploring how structured finance techniques can mobilize African domestic capital to support economic infrastructure projects and economic growth. The...
By Omoh Gabriel The World Bank yesterday disclosed that 1.2 billion persons are living under $1.2 a day of which sub-sahara Africa accounts for one-third of...
By Omoh Gabriel Business Editor in Washington D.C The Minister of Finance and Coordinating Minister of Economy Dr. Ngozi Okonzo-Iweala said in Washington that the ability...
By Omoh Gabriel The International Monetary Fund and the World Bank Group yesterday said that Urbanization helps pull people out of poverty and advances progress towards...
Investors on the Nigerian Stock Exchange (NSE) staked N5.85 billion on 573.76 million shares traded in 7,232 deals on Wednesday. The volume increased by 40.56 per...