• Nigeria

    Nigeria will soon get out of recession – World Bank

    The World Bank Group says Nigeria will soon recover from economic recession. Mrs Eme Essien-Lore, Country Manager, International Finance Corporation, a member of the group, made the observation in an interview with the News Agency of Nigeria in Lagos on Thursday. ”In our perspective and with the numbers that we have ...

  • Nigeria

    New public procurement law raises contract mobilisation fee from 15% to 50%

    John Ameh, Abuja New changes have been introduced into public procurement to shorten contract processing and execution period. These were contained in a “Bill for an Act to Amend the Public Procurement Act, 2007,” which passed Third Reading at the House of Representatives in Abuja on Thursday. One of the ...

  • Nigeria

    Reps to probe Customs ban on auction of seized goods

    The House of Representatives on Thursday in Abuja mandated its Committee on Customs and Excise to investigate the failure of the Nigerian Customs Service to auction confiscated goods. This followed adoption of a motion on the “Need to Investigate the Failure of the Nigerian Customs Service to Auction Confiscated Goods’’. ...

  • USA Francia Nigeria Regno Unito

    Buhari orders fresh Paris Club refund to states 

    Olalekan Adetayo, Abuja President Muhammadu Buhari on Thursday directed the Minister of Finance, Mrs. Kemi Adeosun and the Governor of the Central Bank of Nigeria, Godwin Emefiele, to immediately release the second tranche of the London-Paris Club refunds to states. He said the presidential order should be carried out “appropriately ...

  • Nigeria

    Stakeholders agree on 24-hour services in Nigerian ports

    Stakeholders have agreed that the maritime industry should operate for 24 hours to facilitate efficient cargo handling and delivery services to consignees. The stakeholders reached the concensus in a communique issued at the end of a one-day Town Hall Meeting on Cargo Handling and Port Charges organised by Publishers of Business ...

  • USA Francia Nigeria Regno Unito

    Buhari orders CBN, Finance Ministry to pay states London-Paris Club refunds

    President Muhammadu Buhari on Thursday directed the Minister of Finance, Mrs. Kemi Adeosun and the Governor of the Central Bank of Nigeria, Godwin Emefiele, to act appropriately and with dispatch in releasing the second tranche of the London-Paris Club refunds to the states in order to ease their financial hardships. He gave ...

  • Giappone Regno Unito

    Toyota to invest in Britain plant despite Brexit

    Toyota announced a £240 million ($293 million) investment in a car assembly plant in central England on Thursday, despite uncertainty over Britain’s looming exit from the European Union. The auto giant said the fresh funds, which will include £21.3 million from the U.K. government, would be used to update its ...

  • Giappone

    Dollar briefly dives below ¥113 on Fed rate forecasts

    The dollar briefly plunged below ¥113 in Tokyo trading on Thursday, dampened by less-hawkish-than-expected interest rate projections by the U.S. Federal Reserve. At 5 p.m., the dollar stood at ¥113.23-23, down from ¥114.69-69 at the same time Wednesday. The euro was at $1.0725-0725, up from $1.0637-0637, and at ¥121.44-45, down ...

  • Giappone

    Tokyo stocks edge up after key events

    Stocks wiped out earlier losses to finish slightly firmer on the Tokyo Stock Exchange Thursday after closely watched events including the U.S. Federal Reserve’s policy-setting meeting. The 225-issue Nikkei average rose 12.76 points, or 0.07 percent, to close at 19,590.14. On Wednesday, the key market gauge lost 32.12 points. The ...

  • Giappone

    BOJ stays the course, leaves monetary policy unchanged after Fed hike

    The Bank of Japan kept its unprecedented monetary easing program unchanged on Thursday, just hours after the Federal Reserve raised its key interest rate, increasing the policy divergence between the two central banks. The BOJ said that it would keep two key rates at current levels and maintain the pace ...