• How Nigeria frittered $62b foreign reserves, by Emefiele

    Central Bank of Nigeria (CBN) Governor Godwin Emefiele  and some media chiefs at the weekend met to discuss  the economy,  recession and how the misapplication of the country’s foreign reserves. The apex  bank chief spoke on the measures being put in place to revamp the economy. Group Business Editor SIMEON ...

  • New Economic Policy May Increase Inflation, Forex Turbulence – APPOCV

    The Association of Professionals for Promotion of Civic Values (APPOCV), has said the recent economic policy introduced by the Central Bank of Nigeria (CBN), might lead to steep rise in headline inflation rate, turbulent foreign exchange market and sharp depreciation in the Naira value at the parallel market. APPOCV made ...

  • Após férias coletivas, trabalhadores da Volks retornam ao trabalho

    Após mais de um mês de férias coletivas, os trabalhadores da unidade da Volkswagen em São Bernardo do Campo, na Grande São Paulo, retornam ao trabalho nesta semana. A maior fábrica da montadora de automóveis no país é responsável pela produção dos modelos  Gol, Saveiro e Saveiro Cross. As atividades ...

  • Recession: Buhari should stop deceiving Nigerians – Fayose

    Kamarudeen Ogundele, Ado Ekiti Ekiti State Governor, Ayodele Fayose, has said the economic problems facing the country has gone beyond talks of injecting N350bn into the economy through execution of capital projects. The governor, who said the Federal Government should stop deceiving Nigerians lamented that Nigeria under President Muhammadu Buhari ...

  • NUJ Demands Resuscitation Of Braced Commission

    … Demands Rebuilding of Aba-Ikot Ekpene Road The Nigeria Union of Journalists (NUJ) has demanded the resuscitation of the BRACED commission; an economic block comprising the South-South States of Bayelsa, Rivers, Akwa-Ibom, Cross River, Edo and Delta, in order to deliberate on issues of common interest confronting the region, especially ...

  • PHOTO NEWS: PMB Arrives New York With Govs Yari, Ambode

    President Muhammadu Buhari with Zamfara governor, Abubakar Yari and Lagos State governor, Akinwunmi Ambode as he arrives New York ahead of his participation at the 71st Session of the UN General Assembly (UNGA 71) on 17th September 2016. Ministers with him are: Geoffrey Onyema (Foreign Affairs), Abdulrahman Dambazau (Interior), Kayode ...

  • 18 Nigerians Pilgrims Died in Hajj 2016 — NAHCON

    Eighteen Nigerians died in Saudi Arabia during the just concluded 2016 Hajj, according to the National Hajj Commission of Nigeria (NAHCON). The victims were from Kwara, Kogi, Bauchi, Taraba, Niger, Kaduna and the FCT. There were foreign-based Nigerian pilgrims as well. The head of NAHCON’s medical team, Ibrahim Kana, said ...

  • Entertainers Seek Greener Pastures Abroad

    Following the biting economic hardship in Nigeria, many entertainers have decided to ply their trade outside the country before they go bankrupt, ANTHONY ADA ABRAHAM reports. President Muhammadu Buhari recently appealed to all Nigerians to be part of his change campaign. He said the citizens must realize that the change ...

  • FG releases N350bn to reflate economy

    •Releases N60bn social intervention fund •Initiates measures to tackle economic recession •Nigeria to raise $1bn from Eurobond market Moves to steer the country out of economic recession has received a boost with the decision of the Federal Government to pump the sum of N350 billion into the economy in the ...

  • ZAMBIA VS NIGERIA: FIFA appoints Grisha

    • Egyptian referees to handle World Cup game • Bassey on duty in Brazzaville Football’s world ruling body, FIFA, has appointed Egyptian Ghead Grisha as referee for the 2018 FIFA World Cup qualifying match between Zambia’s Chipolopolo and Nigeria’s Super Eagles in Ndola on Sunday, October 9, 2016. Grisha, 40, ...

  • How to save the economy, by Dangote

    •Says ‘we need to sell off some of our assets’  Business mogul Aliko Dangote believes  a wave of asset selling by the government could be the saving grace for Nigeria in the face of the current economic recession. “I think the real challenge for us is now for us to ...

  • Presidency releases N350bn for capital projects

    The Minister of Finance, Mrs. Kemi Adeosun has disclosed that the Federal Government will begin the disbursement of another N350 billion for capital projects next week. The Minister, who said this at a media briefing on Friday in Abuja, added that the amount will be cash backed. According to the ...

  • Economic Recession: Coping With The Challenge

    At first it sounded like tales by moonlight; not until the release of the official Gross Domestic Product (GDP) figures for the second quarter of 2016 by the National Bureau of Statistics (NBS) of Nigeria officially confirmed that the Nigerian economy was indeed in a recession. According to the NBS ...

  • FG’s $1bn Euro-bond ready by December, says DMO

    The Director-General, Debt Management Office, Dr Abraham Nwankwo, has assured that the one billion dollars Euro-bond proposed to be issued by the Federal Government will be ready by mid-December. He said this on Friday in Abuja at a news conference organised by the Minister of Finance, Mrs Kemi Adeosun. He ...

  • FIFA Appoints Grisha To Handle Zambia, Nigeria Match

    …Bassey on duty in Brazzaville Football’s world ruling body, FIFA, has appointed Egyptian Ghead Grisha as referee for the 2018 FIFA World Cup qualifying match between Zambia’s Chipolopolo and Nigeria’s Super Eagles in Ndola on Sunday, 9th October 2016. Grisha, 40, has been a FIFA referee since 2008. He will ...

  • Polio Resurgence Must Be Treated As A National Emergency – Governors

    …Backs FG’s measures to revive economy  Governors under the auspices of the Nigeria governors forum (NGF) have urged the Federal government to treat the resurgence of polio as a matter of national emergency. Speaking to State House correspondents after the emergency meeting of the governors on Friday at the Presidential ...

  • Nigeria: Amcon Links Debtors With Private Investors

    [Guardian] Debts buying firm, Asset Management Corporation of Nigeria, said it has begun linking prospective foreign investors with debtors, with a view to salvaging their businesses.

  • Nigeria: PPP Scheme to Mass Produce Fish Takes Off in Lagos

    [Vanguard] A Public Private Partnership to mass produce fish for local consumption and export has taken off in Lagos State.

  • Nigeria: 'Govt Policies Discourage Investment in Airline Business'

    [This Day] The Chairman of Arik Air, Sir Joseph Arumemi-Ikhide has said that certain policies of the federal government on air transport in Nigeria tend to discourage investment in the sector.

  • Recession: APC spokesperson backs NASS on tough recommendations for Buhari

    …berates PDP calling for President’s resignation Deputy National Publicity Secretary of the ruling All Progressives Congress, Timi Frank, Thursday drummed support for Senate President, Bukola Saraki, over his decision to influence the National Assembly to make recommendations that would help salvage the nation’s economy for President Muhammadu Buhari. In a release he made available to journalists in Abuja, Frank said actions from the much-awaited ...

  • Agências reguladoras não vão mais elaborar editais de concessão

    Os próximos editais para a concessão de projetos de infraestrutura à iniciativa privada que serão lançados pelo governo não deverão ser elaborados exclusivamente pelas agências reguladoras. A ideia do governo é que os ministérios de cada área, de acordo com o projeto que será concedido, sejam os responsáveis tanto pela ...