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Prof. Uche Uwaleke of Nasarawa State University, said the increase in crude oil price benchmark for 2017 Budget as proposed by the Senate would reduce the N2 trillion deficit in the Appropriation Bill.
Prof. Uche Uwaleke of Nasarawa State University, said the increase in crude oil price benchmark for 2017 Budget as proposed by the Senate would reduce the N2 trillion deficit in the Appropriation Bill. Uwaleke stated this in an interview with the News Agency of Nigeria (NAN) in Abuja on Tuesday. He said that the adjusted...
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Nigeria plans to raise around 242 billion naira ($772 million) in short-dated treasury bills at an auction on Feb. 1, the central bank said on Tuesday.
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Nigeria’s foreign exchange reserves rose 8.9 percent to $27.49 billion by Jan. 20 from a month ago, climbing to the highest level since April, central bank data showed on Tuesday.
Nigeria’s foreign exchange reserves rose 8.9 percent to $27.49 billion by Jan. 20 from a month ago, climbing to the highest level since April, central bank data showed on Tuesday. The reserves are down 3.17 percent from the same period in January 2016, however. The central bank did not provide any reason for the recent...
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Poor countries are allowed to import generic medicines, World Trade Organization (WTO) Director General Roberto Azevedo told Reuters on Monday, after the required two-thirds of members agreed a deal that has taken more than a decade to finalise.
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The United States has an economic advantage that is is the envy of the world. Inventors flock to the United States, like nowhere else.
The United States has an economic advantage that is is the envy of the world. Inventors flock to the United States, like nowhere else. Recent research on the immigration patterns of high-skilled workers (pdf), shows that, from 2000 to 2010, the US received over 190,000 inventors migrate to the US, while only a little over...
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The Nigerian Textile Manufacturers Association (NTMA) has urged the Central Bank of Nigeria (CBN) to expedite the release of the pending N50 billion intervention fund to Cotton, Textile and Garment manufacturers.
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The Minister of Transportation, Rotimi Amaechi, has appealed to the National Assembly to approve the $30bn loan request by President Muhammadu Buhari. Amaechi made the appeal during the Second Presidential Business Forum, which was presided over by Vice…
The Minister of Transportation, Rotimi Amaechi, has appealed to the National Assembly to approve the $30bn loan request by President Muhammadu Buhari. Amaechi made the appeal during the Second Presidential Business Forum, which was presided over by Vice President, Yemi Osinbajo at the Presidential Villa, Abuja, on Monday. Recall that Buhari had in October submitted...
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The Nigerian Senate has read a letter sent to it by President Muhammadu Buhari re-nominating Mr Ibrahim Magu, as the substantive Chairman of the Economic and Financial Crimes Commission (EFCC).
The Nigerian Senate has read a letter sent to it by President Muhammadu Buhari re-nominating Mr Ibrahim Magu, as the substantive Chairman of the Economic and Financial Crimes Commission (EFCC). The Senate President, Dr. Bukola Saraki, read the letter during plenary on Tuesday that began after a closed-door meeting that lasted for one hour 30 minutes....
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Standard & Poor’s downgraded Rolls-Royce Holdings Plc’s credit rating to three levels above junk after factoring in 670 million pounds ($836 million) in fines for bribery and corruption charges.
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A new row is brewing between Kenyan banks and parliament after a lawmaker proposed placing restrictions on deposits by state-owned companies, months after the state imposed a cap on lending rates.
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A United Kingdom based Social Worker, Mr Pius Alile has said one of the way Nigeria can overcome it developmental challenges was to empower communities, rather than individuals.
A United Kingdom based Social Worker, Mr Pius Alile has said one of the way Nigeria can overcome it developmental challenges was to empower communities, rather than individuals. Alile, a Nigeria and a founder of Pius Alile Coalition, a Non-Governmental Organisation (NGO), said also urged Nigerians to be selfless, especially as it concerns the development...
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Around 200,000 liters of crude oil spilled onto First Nations land in Saskatchewan days ago, with the leak only becoming apparent later. The pipeline has now been shut down, and an investigation launched.
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Court grants Nnamani leave to travel for medical check-up
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Justice Mohammed Yunusa of a Federal High Court, Lagos, on Wednesday granted conditional leave to Chimaroke Nnamani, to travel overseas for