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‘Nigeria-China Governors’ Investment Forum‘ll trigger devt’

THE Chairman of Blue Diamond Logistics, China, Mr. Festus Mbisiogu has called on Nigerian state governors, who are participating in the ongoing...

Why Nigeria experienced N290bn trade deficit in 2016 – NESG

THE Nigerian Economic Summit Group, NESG, yesterday, gave an insight into why Nigeria experienced trade deficit of N290 billion in 2016, even as it...

Privatise national assets through stock market — Expert charges FG

THE federal government should use the stock market to privatise commercially viable national assets as well as consider the option of issuing...

Niger exports 57% of world Shea butter production – Commissioner

The Niger Commissioner for Commerce, Trade and Investment, Mrs Ramatu Yar’ adua, says the state is exporting 57 per cent of the Shea Butter...

Brazil’s recession hits two year mark

Brazil’s recession is now the worst in the country’s history after extending for an eighth consecutive quarter to hit the two year mark, GDP...

Nigeria external trade hits N17.35bn in 2016 – NBS

The National Bureau of Statistics has said the value of the total trade at the end of 2016 was N17. 35bn. The NBS said that the figure was 6.5...

Egypt expresses readiness to multiply $100m trade volume with Nigeria

Egyptian Ambassador designate to Nigeria, Assem Hanafi has expressed concern over the low trade volume between his country and Nigeria ,which is...

Nigeria recorded N290bn trade deficit in 2016 – NBS

Nigeria recorded a trade balance of -N290.13 billion out of the total trade value of N17.34 trillion recorded in 2016. The Foreign Trade Statistics...

Currency markets in wait-and-see mode

This move was widely anticipated and many market participants deemed the statement as boring with no fresh signals provided on the future path of...

Nigeria records increase of 6.5 per cent external trade in 2016 – NBS

The National Bureau of Statistics (NBS) said the value of the total trade at the end of 2016 was N17. 35 billion. The NBS said that the figure was...

Naira gains at BDCs, loses at interbank

Naira began the week yesterday with some little gain, over the United States dollar as the traders exchanged it between 455 and 460 to a dollar....

Industrial goods sector depresses investors’ wealth by N83bn

LOSSES sustained by the industrial goods sector, which turned out to be the only sector that recorded negative return last week, has dragged activity...

Is proposed sale of national assets solution to economic recovery?

I do not support the sale of national assets, except they are privatised and sold on the floor of the Nigerian Stock Exchange, NSE. Who are the...

Scarcity of funds worsens as CBN mops up N373 billion

SCARCITY of funds in the interbank money market intensified last week as the Central Bank of Nigeria (CBN) mopped up N373 billion through sales of...

Recession: FG to unfold Economic Recovery strategy this week

Abuja – Barring any unforeseen development, the Federal Government will this week unfold its Economic Recovery and Growth Plan (ERGP), which is...

Speculators lose N100m as CBN pumps dollars into interbank

Foreign exchange (forex) speculators have lost over N100 million in the last three days after the Central Bank of Nigeria (CBN) injected fresh...

Economic growth uncertain this year — Report

Many chief financial officers of business organisations in Nigerian say they are not confident about economic and business growth in 2017 but are...

Manufacturing sector’s contribution to GDP shrinks by N80bn

The scarcity of foreign exchange as well as the harsh operating environment took its toll on the operations of the manufacturing sector in the 2016...

Economic recovery’ll be driven by technology, innovation –Udoma

The Minister of Budget and National Planning, Udo Udoma, has said the Economic Recovery and Growth Plan will be driven by science, technology and...

Naira may reverse losses this week on dollar injection

The naira is expected to reverse the losses recorded last week during the week as the Central bank of Nigeria pumps more dollars into the foreign...

Lest we relapse

In an attempt to check the hitherto persistently dwindling value of the Naira and curb the unprecedented foreign exchange scarcity-induced inflation...

Intelligent work led to appreciation of naira, says CBN

Isaac Okorafor, acting director, corporate communications of the bank, said this on Thursday, dismissing the reports that illegal sales of foreign...

16 less developed countries meet in Abuja

No fewer than 16 countries have converged in Abuja to brainstorm on the best methods for the implementation of the 2030 Sustainable Development Goals...

FG denies increase in tariff on food items and luxury goods

The Federal Ministry of Finance on Friday said it had not increased the import duties on food items and other luxury goods. The ministry, in a...

Naira beats analysts' expectation, closed 2016 at 490/dollar

The naira beat analysts’ expectation and closed the year 2016 at 490 against the United States dollar at the parallel foreign exchange market. Due...

Buhari's economic recovery plan inadequate - MAN, LCCI

Stakeholders and economic experts, including the Manufacturers Association of Nigeria and the Lagos Chamber of Commerce and Industry, have said...

Economic crises force 300% rise in food prices

The prices of staple food items in the country increased considerably between January and December 2016, with many selling at triple their prices at...

Why 2017 budget is flawed

First, let me tell Mr. President right away that if he hopes to grow the economy out of recession in 2017, the appropriation bill submitted recently...

Lagos will be third economy in Africa soon – Ambode

Governor Akinwunmi Ambode on Saturday stated that one of his administration’s objectives was to propel Lagos State to the third largest economy in...

Nigeria’s economy will witness upturn in 2017 says Lawmaker

A Lagos lawmaker, Mr Segun Olulade, says he is optimistic of a burgeoning economy early 2017 just as President Muhammadu Buhari had assured Nigerians...