Business

Financial stability rocky in emerging market – IMF

Emerging economies have been warned of higher financial instabilities owing to market uncertainty, low investors’ confidence and poor economic growth witnessed in most recent times.

The International Monetary Fund, IMF, in its Global Financial Stability Report, released last week in Washi [...]

Fri, 15 April 2016


FG seeks to reduce travel expenditure by 20%

In a bid to cut cost and reduce government’s large expenditure on official travels, the federal government has restricted airline travels by its officials to the Business Class.
The move which is a recommendation from the Efficiency Unit of the Federal Ministry of Finance proscribes busine [...]

Tue, 12 April 2016


FG to revamp textile industry through CTG

The present administration has indicated interest to fully implement the National Cotton, Textile and Garment, CTG, policy of the previous administration, in revatilising the textile industry that has since gone under.
The Minister of State for Industry, Trade and Investment, Aisha Abubakar, sta [...]

Tue, 12 April 2016


2016 budget: FG assures of proper implementation

As federal lawmakers, last week, forwarded the details of the 2016 budget to the presidency, the federal government has assured of its willingness to properly manage the nation’s resources while implementing the budget to the latter.

Minister of Budget and National Planning, Senator Udoma [...]

Tue, 12 April 2016


Electricity drop: FG seeks understanding from Nigerians

The federal government has asked for understanding from Nigerians over the poor power supply witnessed across the country in recent time, blaming the drop on activities of vandals along critical installations.
 
While also attributing the near total blackout to the heavy downpour witn [...]

Tue, 12 April 2016


North east tops requests for N10bn BoI loans

Indications have emerged that business activities may gradually be picking up in the north east region, as the region recorded the highest number of applications in the Bank of Industry, BoI’s N10 billion loan facility, under the Youth Entrepreneurship Support, YES programme.
Figures from [...]

Tue, 12 April 2016


FG revamps fertilizer committee after years of inactivity

Determined to cut off middlemen in fertilizer distribution and also ensure food security and wealth creation in the country, the federal government, last week, reintroduced the National Fertilizer Technical Committee, NFTC, after eight years.

The committee which was setup in 1985 was said to ha [...]

Mon, 28 March 2016


FG to invest N350bn on capital spending in Q2

The federal government has said it is ready to invest N350billion in capital spending in the second quarter of 2016, to help stimulate the economy.

Minister of Finance, Mrs. Kemi Adeosun, who disclosed this at the recent National Economic Council retreat, said the Federal Government plans using [...]

Mon, 28 March 2016


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