Thursday, August 8, 2019

Tag "Economy"

    Buhari remains best hope for our economy, Garba Shehu replies PDP

Buhari remains best hope for our economy, Garba Shehu replies PDP

Garba Shehu, presidential spokesman, says President Muhammadu Buhari remains the best person to prevent the Nigerian economy from collapsing. Shehu was reacting to an accusation by the Peoples Democratic Party (PDP) that Buhari is ruining the nation’s economy by leading it to be the world’s poverty capital.The opposition party also accused the president of holding Nigerians hostage.But Shehu, in a statement issued [...]

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    ICYMI: We’re tackling insecurity with superior firepower, says Boss Mustapha

ICYMI: We’re tackling insecurity with superior firepower, says Boss Mustapha

Boss Mustapha, former secretary to the government of the federation, says the country is tackling security challenges with superior firepower.He said this at the 11th triennial national delegates conference held in Abuja.Mustapha, who represented President Muhammadu Buhari, said the conference came at a time Nigeria needs every sector of the economy to contribute towards nation-building.He said the current administration would continue [...]

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    Has Buhari started his second term?

Has Buhari started his second term?

An adage says ‘when big challenges are giving hard blows to a person, smaller ones will have a field day’. No matter what this present administration says, there is fire on the mountain. Like joke like play a big conflagration is already consuming our big edifice as we used to make jest. The earlier we agreed on this and map [...]

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    Obasanjo: Buhari’s govt moving Nigeria towards the path of disaster

Obasanjo: Buhari’s govt moving Nigeria towards the path of disaster

Former President Olusegun Obasanjo has accused President Muhammadu Buhari’s government of moving the country towards the path of disaster.In an interview with Premium Times, the former president said the progress the country is said to be making is questionable.He lamented the present arrangement of political leadership in the country, saying it tends to favour some zones at the expense of [...]

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    Four reasons for optimism on economic inclusion in Nigeria

Four reasons for optimism on economic inclusion in Nigeria

BY JOE ABAH, NATE BOURNS, AND BRIGIT HELMSViewed in isolation, statistics on the Nigerian economy paint a bleak picture. Having emerged from the 2017 recession, Nigeria is growing at an anemic 1.5 to 1.9 percent per year—against population growth of 2.6 percent. Nigeria is one of the few countries in the world where poverty has worsened—90 million of its citizens [...]

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    Tinubu to Buhari: Don’t discard ‘Next Level’ promises after election victory

Tinubu to Buhari: Don’t discard ‘Next Level’ promises after election victory

Bola Tinubu, a national leader of the All Progressives Congress (APC), has advised the administration of President Muhammadu Buhari to work in a way that would grow the nation's economy.Delivering his speech at the colloquium held in commemoration of his 67th birthday, Tinubu said the "Next Level" is not a phrase that should quickly be discarded once victory has been [...]

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    50,000 Indians doing business in Nigeria, says high commissioner

50,000 Indians doing business in Nigeria, says high commissioner

Abhay Thakur, Indian high commissioner to Nigeria, says "50,000 Indians" comprising professionals, investors, technically skilled, medical doctors and educationists are involved in various businesses in Nigeria.Thakur spoke at a NAN forum in Abuja, on Tuesday.He said India was Nigeria’s largest trading partner globally, with bilateral trade between both countries "at nearly $12 billion and Indian companies investing in projects worth [...]

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    Elumelu: Access to electricity is critical to economic growth

Elumelu: Access to electricity is critical to economic growth

Tony Elumelu, chairman of Heirs Holdings, says access to electricity is critical to growing Nigeria's economy.Speaking in an interview with Sky news, Elumelu said he believes that the second term of President Muhammadu Buhari will focus on improving the power sector.He added that another sector that is critical to the economy is the private sector which helps in creating employment [...]

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    Tinubu: Atiku is my friend but we’ll retire him on Saturday

Tinubu: Atiku is my friend but we’ll retire him on Saturday

Bola Tinubu, a national leader of the All Progressives Congress (APC), says though Atiku Abubakar is his friend, the presidential candidate of the Peoples Democratic Party (PDP) will retire from politics on Saturday.In a statement on Thursday, Tinubu said he could not find much good in the policies and programmes of the PDP to warrant being voted back into power.He [...]

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    The decline and recovery of Nigeria’s economy

The decline and recovery of Nigeria’s economy

It was an expectant morning at the banquet hall of the state house, Abuja, as the economic management team (EMT) engaged representatives of the private sector from all over the country on the economy at the 10th presidential quarterly business forum.“We didn’t know you have done so much,” said Nike Akande, president of the Lagos Chamber of Commerce and Industry [...]

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    Some ministers ‘have to leave’ for Buhari’s govt to succeed

Some ministers ‘have to leave’ for Buhari’s govt to succeed

Lai Omotola, group managing director of CFL group, says some ministers in President Muhammadu Buhari's cabinet have to go for the government to succeed. Omotola said this during an interactive session with journalists in Lagos on Thursday.He said some policies of the current administration have had negative effect on the country, adding that to say the economy is challenged is an [...]

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    Nigerian economy looking good, says Buhari

Nigerian economy looking good, says Buhari

President Muhammadu Buhari says the economy of Nigeria is looking good.According to a statement by Femi Adesina, presidential spokesman, Buhari said this on Thursday when he received a letter of credence from Jesper Kamp, the new ambassador of the Kingdom of Denmark to Nigeria.Buhari also said his administration would continue to implement policies that will make the economy better.The president [...]

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    Tourism: Nigeria’s new economic frontier

Tourism: Nigeria’s new economic frontier

BY FIDELIS NWANGWUAs we gradually move towards the close of the great Age of Oil, with the newer and brisk strides in the development of alternative energies, this bodes much disconcerting fortunes for mono-cultural economies like Nigeria, whose lifelines have hinged on oil receipts in the past several decades. Theseproceeds have, traditionally, not only accounted for over 80 percent of [...]

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    Gates and the Nigerian ostriches

Gates and the Nigerian ostriches

In the last decade, billionaire Bill Gates is reputed to have funneled estimated $1.6b (Over N500bn) of his own hard-earned fortune into humanitarian causes in Nigeria, especially immunisation for kids against polio with a view to helping to end the nation’s shame as the world’s capital of the horrific yet preventable disease.Without being prompted, the Bill & Melinda Gates [...]

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    NCC to fund world-class infrastructure project in Edo

NCC to fund world-class infrastructure project in Edo

The Nigerian Communications Commission (NCC) has promised to establish a world-class ICT infrastructure across Edo state.Sunday Dare, NCC’s executive commissioner for stakeholder management, made this promise when the Edo state governor, Godwin Obaseki, visited him at the NCC headquarters in Abuja.Dare said the commission was impressed with the "forward-looking policies" of the governor and assured him of the NCC’s readiness to [...]

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    Fowler: Nigeria’s tax revenue recorded N700bn increase in 2017

Fowler: Nigeria’s tax revenue recorded N700bn increase in 2017

Tunde Fowler says the Federal Inland Revenue Service (FIRS) recorded four million new taxpayers, resulting in N700 billion increase in revenue in 2017The FIRS chairman said this at the 13th general assembly of the West African Tax Administration Forum (WATAF).The chairman said in the past two years, the service has scaled up its use of ICT to facilitate taxpayers’ compliance.He [...]

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Exchange Rates

August 08, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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