MAY 12th 2017
- Hits: 128
FG to launch citizens budget portal for openness, transparency — Udoma
ABUJA — In an effort to improve Nigeria’s position in the International Budget Partnership, IBP, index, plans are underway by the Federal Government to launch a citizens budget portal to ensure openness and transparency of the budget process, Minister of Budget and National Planning, Senator Udoma Udo Udoma, has said.
MAY 10th, 2017
- Hits: 133
IMF, CBN DIFFER ON NIGERIA’S ECONOMIC OUTLOOK
The International Monetary Fund and the Central Bank of Nigeria on Tuesday disagreed on the projections of the Bretton Woods institution for the country’s economic outlook for 2007.
MAY 9th 2017
- Hits: 132
Oil Prices Rise after Hint of Longer Extension to OPEC Cut
Crude oil prices rose on Monday, reversing earlier losses, after the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC members said they were considering extending their existing supply deal possibly into 2018, which helped offset the bearish impact of more increases in United States crude out output.
MAY 8th 2017
- Hits: 166
Nigeria’s economy cranks back to life despite FG’s failings
Africa’s largest economy is cranking back to life in a desperate race out of a debilitating recession and this is despite the failings of government, according to recent data and analysts opinion. Nigeria remains without a fiscal budget, five months into the circle, its president has been working from home and stirring an unusually early…
MAY 5th, 2017
- Hits: 142
Despite N1.4tr CBN lifeline, prices of goods to remain high
Althogh there are no less than 22 Central Bank of Nigeria (CBN)-initiated interventions for the foreign exchange market which amounted to $4.44 billion or N1.35 trillion (at N305.85/$), concerns persist about the high prices of goods and household items.
APRIL 27th, 2017
- Hits: 148
FG ROLLS OUT FRESH REFORMS ON EASE OF DOING BUSINESS
The Presidential Enabling Business Environment Council (PEBEC) has rolled out fresh reforms to consolidate and deepen the impact of the ease of doing business plan in Nigeria.
APRIL 28th 2017
- Hits: 128
Strong FX potential seen in Nigeria’s $1.3bn shea industry
Nigeria can earn as much as $700 million from shea export and can save as much as $600 million when the local cosmetics industry utilises the commodity as raw material, say experts.