Tag "Economy"

    Buhari appoints Alade, ex-CBN deputy gov, as finance adviser

Buhari appoints Alade, ex-CBN deputy gov, as finance adviser

President Muhammadu has appointed Sarah Omotunde Alade, a former deputy governor of the Central Bank of Nigeria (CBN), as his special adviser on finance and economy.Garba Shehu, senior special assistant to the president, disclosed this in a statement on Tuesday.Shehu said her office would be "domiciled in the ministry of finance, budget and national planning"."President Muhammadu Buhari has approved the [...]

0 comment Read Full Article
    Zainab Ahmed: Nigeria’s growth plan has suffered seriously since 2017

Zainab Ahmed: Nigeria’s growth plan has suffered seriously since 2017

Zainab Ahmed, minister of finance, budget and national planning, says the implementation and targets of the economic and recovery growth plan (ERGP) have been at risk since 2017 because of underfunding.Speaking on Tuesday at the Nigeria Governors Forum (NGF) peer-learning event, Ahmed said the federal government had recorded 42% revenue shortfall as at June 30."Regarding the 2019 budget, as at [...]

0 comment Read Full Article
    Economic and institutional restructuring for the next Nigeria

Economic and institutional restructuring for the next Nigeria

When our membership of the Economic Advisory Council was announced on the 16th September, we agonised as to whether we should still honour the invitation or whether we should still present the paper.Finally, we decided to be here but have removed several of the pages that contain issues we believe should be on the agenda of the Council--- we do [...]

0 comment Read Full Article
    Rewane: Nigeria lacks discipline to execute ideas 

Rewane: Nigeria lacks discipline to execute ideas 

Bismarck Rewane, a member of the economic advisory council, says Nigeria is not short of ideas but the country lacks mental discipline to execute ideas. Rewane said this on Tuesday at The Platform, an annual conference organised by Covenant Christian Centre in Lagos.He said credibility does not come from what is being said but done, adding that what people want are [...]

2 comments Read Full Article
    Much ado about VATs and charges

Much ado about VATs and charges

Every great and rational leader means well for the governed. Many want to be remembered for good by leaving behind great legacy. The challenge in this is the process, attitude and communications. President Buhari’s team seems to have good plan and mean well if one looks behind the veils. Unfortunately what I have seen over the years is government keeps [...]

0 comment Read Full Article
    Nigeria’s VAT increase: Penny-wise, pound foolish

Nigeria’s VAT increase: Penny-wise, pound foolish

BY AYO BANKOLE AKINTUJOYEOn Thursday, September 12, 2019, news broke that the Federal Executive Council (FEC) had approved plans to increase Value Added Tax (VAT) from 5% to 7.5%; representing a 50% increase. It is worthy of note that the current 5% VAT regime has been in existence for over 25 years (Since 1994). Although it is still subject to [...]

0 comment Read Full Article
    World Bank: Nigeria’s economy living on borrowed time… food importation irresponsible

World Bank: Nigeria’s economy living on borrowed time… food importation irresponsible

Adetunji Oredipe, a senior agriculture economist with the World Bank, says Nigeria's position as one of the largest food importers in the world has put the economy in a dangerous position.Speaking on Thursday at the Agriculture Summit Africa sponsored by Sterling Bank, Oredipe said Nigeria is living on borrowed time.According to the economist, Nigeria would have been earning at least [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
    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 [...]

3 comments Read Full Article
    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 [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
1 2 3 5
Advertisement
Advertisement
Advertisement

Advertisement

Exchange Rates

December 05, 2019USDGBPEUR
INTERBANK306397354
LAGOS355444389
KANO354445370
PH355447412
ABUJA356454413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement