How Nigeria can get its budgeting process right - Colloquium

Stakeholders have called for a formal forum for pre-budget consultations between the Legislature and the Executive, to avoid a repeat of the em [...]

Sat, 15 October 2016

IMF wants increased austerity measures in Nigeria

The International Monetary Fund, IMF, has called on the federal government to make additional structural adjustment and tighter monetary policy conomic imbalances in the country.

Director of the IMF’s African Department, Mr. Abebe Selassie, made the call on Friday during a press c [...]

Sat, 15 October 2016

Nigeria targets 7mil tonnes rice production annually

The Federal Government has said it is working at improving staple rice production to seven million tons from the year 2017, with the new technology of rice production developed by Japan International Corporation Agency, JICA.
Speaking at a meeting with a delegation from JICA, the Minister of Agr [...]

Sat, 03 September 2016

NEMSA, SON declares war against fake electrical materials

Furtherance to the campaign against the use of substandard materials in electrical installations, the Nigerian Electricity Management Services Agency, NEMSA, recently setup an Intra-agency committee to tackle the influx of fake electrical materials and equipment into the country.
The latest coll [...]

Sat, 03 September 2016

Nigeria’s GDP dips by -2.06% in Q2

The National Bureau of Statistics, NBS, has reported that the country’s Gross Domestic Product declines by -2.06 percent (year-on-year) in the second quarter of 2016.
Nigeria’s GDP growth rate was said to have slid further from -0.36 percent in the first quarter to -2.06 percent, eve [...]

Sat, 03 September 2016

Recession: Minister disown twitter comment, video contradicts her

The Minister of Finance, Mrs. Kemi Adeosun, has denied comments on a social media platform where she reportedly insinuated that the current economic recession being experienced was “just a word.”
Adeosun came under fire from Nigerians on social media for the comment via a twitter han [...]

Sat, 03 September 2016

CBN amends foreign exchange manual to boost portfolio investment

The Central Bank of Nigeria, CBN, has made some adjustments to the Memorandum of the Foreign Exchange Manual to allow residents and non-resident Nigerians take part in portfolio investment in the country.
With the amendment of Memorandum 21 of the Foreign Exchange Manual, resident Nigerian natio [...]

Sat, 03 September 2016

Dogara, Tambuwal, Udoma to speak at budget colloquium

Speaker, House of Representatives, Rt. Hon. Yakubu Dogara; Governor Aminu Waziri Tambuwal of Sokoto State; and Minister of Budget and National Planning, Sen. Udoma Udo Udoma, are among top public officials that will dissect the budgetary process as a key interface between the executive and legislative [...]

Tue, 16 August 2016


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