Business

Investment inflow drops by 55% between Q1 and Q3

Investment inflow into the Nigerian economy dropped drastically by 55.1percent in the third quarter of 2018, from the $6.3billion recorded in the first quarter of the year.

The latest capital importation report released by the National Bureau of Statistics, NBS, shows that decline was worst fel [...]

Sat, 29 December 2018


FG targets $15bn FDI from 4 trade zones

 

A minimum of $15billion worth of Foreign Direct Investment could be attracted into the Nigerian economy from the four trade zones recently established in the country, the Nigeria Export Processing Zones Authority, NEPZA, has said.

Mr Emmanuel Jime, Managing Director of NEPZA told [...]

Sat, 22 December 2018


Forced subscription: culpable telecoms to face sanctions

Telecommunication companies found guilty of making illegal deductions from their subscribers’ accounts will soon face the full weight of the law, as the Nigerian Communications Commission, NCC, said it will soon be imposing sanctions on such companies.

The Abuja Inquirer had recently repo [...]

Sat, 22 December 2018


Revenue allocation increases by N24.6bn

The Federation Account Allocation Committee, FAAC, distributed a total of N812.762 billion November 2018 revenues to the federal government, all states and local government councils in the country.

The amount which is higher than the N788.13bn shared in October was made up of distributable stat [...]

Sat, 22 December 2018


Unemployment figure increase by 3.3million

An additional 3.3million people were said to have joined Nigeria’s labour force in the past nine months alone.

The latest Labour Statistics Report for the third quarter released by the National Bureau of Statistics, NBS, reports that the country’s unemployment figure rose from 17.6m [...]

Sat, 22 December 2018


2018 budget: FG to release N1.1trn for capital project Dec. 31

The federal government is pushing to release about N1.1trillion for the implementation of 2018 capital projects of its Ministries, Departments and Agencies by the end of December this year.

Minister of Finance, Mrs. Zainab Ahmed, stated this at the public presentation of the 2019 budget highlig [...]

Sat, 22 December 2018


FG regrets 3 yrs cotton policy - Minister

Three years after the introduction of a national cotton policy to revamp and fast-track the development of the sector, the federal government said the policy is yet to yield its desired result.

The federal government had in 2015 launched a policy on Cotton, Textile and Garment, CTG, with the ai [...]

Sat, 15 December 2018


NDIC joins Islamic Financial Services board

The Nigeria Deposit Insurance Corporation, NDIC, has been admitted as a full member on the board of the Council of the Islamic Financial Services Board, IFSB.

With the latest induction, the NDIC joins the Central Bank of Nigeria as the other Nigerian institution on the Board of the Council.

[...]

Sat, 15 December 2018


Search

Latest posts

PhotoCAN holds memorial service in honour of Benue victims

The Christian Association of Nigeria, CAN, Benue state chapter in conjunction with the state government has held a memorial service in honour of hu [...]

13 January 2019

PhotoCAN holds memorial service in honour of Benue victims

The Christian Association of Nigeria, CAN, Benue state chapter in conjunction with the state government has held a memorial service in honour of hu [...]

13 January 2019