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Recession may have ended in June – NBS chief

Yemi Kale, statistician general of the federation, says there is a likelihood that Nigeria’s economic recession ended in the second quarter of 2017.

We have succeeded in nursing Nigeria’s sick economy – Lai

Lai Mohammed, minister of information, says the Buhari administration has succeeded in nursing Nigeria’s “very sick economy”.

Tax incentives alone will not attract investors – Expert

Mr Taiwo Oyedele, a tax expert, says only tax incentives to industries without addressing other challenges will not bring about the desired economic growth in Nigeria.

Informal economy not enough to handle Africa’s workforce explosion – IMF

Unemployment in Nigeria, sub-Saharan Africa’s largest economy, is running at more than 14 percent and climbing; in South Africa, the second largest economy, it is over 27 percent. For youth in both places, it is far more.

Kebbi govt generates N6.4bn IGR in 2 years

The Kebbi Government, on Wednesday said it would review its tax policy to raise its internal revenue collection from the “meager” N6.4 billion it generated in the last two years.

South Africa no-confidence vote outcome means status quo for rating – S&P Global

South African President Jacob Zuma’s survival in a parliamentary no-confidence vote will not impact the country’s downgrade-threatened credit rating, the S&P Global agency said on Wednesday.

2017 budget not enough for economic devt – Osinbajo

Acting President Yemi Osinbajo has said that the N7 trillion federal budget for 2017 is not sufficient to facilitate the desired economic development in the country, hence the government was making the investment climate profitable and easy for private sector involvement.

Nigeria’s creditworthiness improved with stronger economic outlook – UBS

UBS Wealth Management’s Chief Investment Office (CIO) has launched a new report on Africa’s sovereign credit prospects, an important benchmark used to evaluate the risk of investing in a country.

Grant tax relief to industries operating in Nigeria – Broker begs fed govt

Chief Angus Uzoamaka, an Abuja-based insurance broker, has urged the Federal Government to consider tax relief for industries operating in Nigeria in order to boost economic development.

Fast-track manufacturing sector growth – expert tells govt

A financial expert, Prof. Sheriffdeen Tella, has urged the Federal Government to fast-track the growth of the manufacturing sector through the provision of infrastructure and the provision of credit.

Fed govt targets 500,000mt cocoa production by 2021

As part of its diversification agenda, the Federal Government has set plans in motion to boost the nation’s cocoa production capacity to about 500,000 metric tonnes by 2021.

US economy adds 209,000 jobs in one month

Those hoping that the US dollar would be thrown a lifeline may be in luck, following the news that the United States added another 209,000 jobs to its economy in July.

We will tax first class and business class air tickets – Adeosun

Kemi Adeosun, Minister of Finance, says the Federal Government has signed a policy to tax first class and business class air tickets alongside other luxury goods.

We are already moving out of economic recession – Udoma

The Minister of Budget and National Planning, Senator Udo Udoma, on Thursday said that the country is already moving out of economic recession.

Threats to Nigeria’s economic recovery high – IMF

The International Monetary Fund has predicted that the Nigerian economy will be out of recession this year with growth of 0.8 per cent though it says risks to the recovery remain high.

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South Korea, US drills not beneficial for peninsula – China

China’s Foreign Ministry said that military exercises between South Korean and U.S. forces were not beneficial to the easing of tensions on the Korean peninsula.

Nigeria spent N1.3trn on capital projects in 2016; highest ever – Osinbajo

The Vice President, Yemi Osinbajo, said on Monday that the Buhari administration spent N1.3 trillion on capital projects in 2016, the highest in the history of the country.

Jubilation shows Buhari more popular – Groups

Zonal Coordinator of the National Committee of Buhari Support Groups, NCBSG in the South-West, Professor Ajayi Boroffice, said the nationwide jubilation over the return of President Muhammadu Buhari from medical vacation in London after 104 days showed that he is now more popular and accepted by Nigeria.

Reps seek fed govt’s intervention on alleged killing of Nigerians in Ghana

The House of Representatives Committee on Diaspora on Monday told the Federal Government to intervene urgently in the alleged killing of five Nigerians in Ghana.

UK sets out Brexit wish list on goods sold to EU

British goods placed on the market before Brexit should be sold in EU countries under current conditions even after the UK leaves the bloc, the British government said on Monday.

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Nine local govts risk being submerged in Lagos – NSE

The Lagos State Government must intensify its flood management efforts so that communities in Epe, Eti-Osa, Amuwo Odofin, Ojo, Kosofe, Lagos Island, Apapa, Ibeju-Lekki and Ikorodu Local Governments would not be submerged.

Ogoni clean-up: MOSOP accuses Shell of refusing to pay its share

The Movement for the Survival of Ogoni People (MOSOP) has accused Shell Petroleum Development Development Company (SPDC) of refusing to pay its share of the counterpart funding for the clean-up.

Hoodlums kidnap businessman’s daughter in Katsina

Hoodlums have kidnapped Nana Mansur, daughter of a popular businessman in Katsina State, Mansur Abubakar, after their failed attempts at getting her father.

Fed govt confirms negotiation with striking lecturers

The Federal Government has confirmed that it is in talks with the Academic Staff Union of Universities (ASUU), after it embarked on an indefinite strike.

Nigeria has a lot to reap from IBB – Jonathan

Former President Goodluck Jonathan has stated that ex-Head of State, Ibrahim Babangida, still has a lot to offer Nigeria.