IMF Introduces Zero Interest to Low Income Countries to Curb Poverty
The International Monetary Fund (IMF), has introduced zero interest rates on all its concessional facilities to low income countries until 2018. The Managing Director, IMF,...
Customs seizes 117,034 bags of rice
The Nigeria Customs Service (NCS), impounded 117,034 (50kg) bags of rice with duty paid value of N774,282,300 in the first three quarters of this year,...
Recession: EU chief advises Nigeria to devalue Naira
European Union (EU) official Fillippo Amato yesterday advised the Federal Government to devalue the Naira as part of measures to tackle the economic recession. Amato,...
Economic Growth: CBN Targets Foreign Investors
The Central Bank of Nigeria will pursue price stability as an anchor for economic growth and attract foreign investors as the country battles economic recession...
Dangote Group: ‘Diversification Is Key to Our Success’
The Dangote conglomerate has revealed that diversification is centratl to its success story even as it gave hint on how businesses can thrive. The President...
World Bank: Tight Monetary Policy Will Stabilize Naira, Attract Investors
The World Bank has sanctioned Nigeria’s tight monetary policy environment, saying it would help stabilise the naira, strengthen real interest rates, and encourage a return...
Buhari urges private sector to join economic recovery battle
• Dangote seeks expanded tax net President Muhammadu Buhari yesterday challenged private sector operators to take the lead in the battle to revive the economy...
Saraki Urges Nigerians to Patronize Nigerian Goods
The Senate President, Dr. Bukola Saraki, said yesterday that Nigerians must patronise Nigerian made goods in order to develop the economy, emphasising that ‘Senate cannot...
Shell Shut Down Major Crude Oil Export Line after Fire
Anglo-Dutch oil giant Shell on Monday shut down a major pipeline in southern Nigeria after fire broke out in its supply lines, a spokesman for...
Sale of National Asset: PENGASSAN, TUC Threatens Nationwide Strike
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Trade Union Congress of Nigeria (TUC) and Nigerian Labour Congress (NLC) have threatened to...