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National Bureau of Statistics NBS

NBS: MSMEs generated 60 million jobs in 2017

The National Bureau of Statistics (NBS), has put the quantum of jobs created by Micro, Small and Medium Enterprises (MSMEs) at 59,647,954 jobs as of December 2017, stressing that five per cent or 2,889,715 of those jobs were created by Small and Medium Enterprises (SMEs).
Egyptian pound

Egypt annual inflation slows to 9.4 per cent

Egypt’s annual urban consumer price inflation eased to 9.4 per cent in June from 14.1 per cent in May, official statistics agency, CAPMAS, said on Wednesday.
Acting Finance Minister of Finance Zainab Ahmed

Zainab Ahmed: VAT to climb to 7.5 percent by 2020

In government’s desperate efforts to raise non-oil revenues, the former Minister of Finance, Mrs Zainab Ahmed, has said that the value-added tax (VAT) will increase from the current 5 %to 7.5% by 2020.

Central bank unveils five-year agenda, targets fresh banks recapitalisation

Godwin Emefiele, governor of the Central Bank of Nigeria, says there are plans to carry out a recapitalisation exercise for deposit money banks in the country.

Central bank targets 10 million jobs in next five years

The Central Bank of Nigeria plans to create 10 million jobs in the next five years through investment support in agriculture and Manufacturing sector, in line with President Muhammadu Buhari’s agenda of diversifying the Nigerian economy.

Nigeria trapped in low growth path – Moody’s

A global credit rating agency, Moody’s Investors Service, has said Nigeria is trapped in a low growth path for the time being.

IMF: Social investment key to stronger global economy

Managing Director of the International Monetary Fund (IMF), Christine Lagarde, has said that investment in social insurance was a key to achieving a stronger global economy, saying societies across the world must begin by strengthening social programmes.
National Bureau of Statistics NBS

NBS: Nigeria’s inflation rate hits 11.40 percent in May

The National Bureau of Statistics (NBS), says the Consumer Price Index (CPI) which measured inflation increased to 11.40 per cent (year-on-year) in May from 11.37 per cent recorded in April.
The Founder-Chairman of Zenith Bank, Mr. Jim Ovia, has expressed optimism for more investments in the Nigerian economy.

Zenith Bank chairman expresses optimism for more investments in the Nigerian economy

The Founder/Chairman of Zenith Bank, Mr. Jim Ovia, has expressed optimism for more investments in the Nigerian economy.
R-L- President Muhammadu Buhari congratulatulating Governor of the Central Bank of Nigeria (CBN) Mr. Godwin Emefiele on his reappointment as head of the apex bank, for a second tenure.

President Buhari asks central bank to blacklist firms smuggling 43 restricted items into the...

President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to blacklist any firm, its owner and top executives caught smuggling any of the 43 items ineligible for foreign exchange (forex).

Report: Emerging markets still deprived of fit-for-purpose financial systems

The lack of an efficient and resilient financial system is still holding back inclusive and sustainable growth in emerging markets. Policymakers, regulators and financial services organisations should more actively shape a financial system that is fit for purpose.
Egyptian pound

Egypt’s annual inflation rises to 14.1 percent

Egypt’s annual urban consumer price inflation increased to 14.1% in May from 13% in April, official statistics agency CAPMAS said on Monday.
National Bureau of Statistics NBS

NBS to evaluate impact of corruption on Nigerians

The National Bureau of Statistics said it is collaborating with the United Nations Office on Drugs and Crime, and the Department for International Development to conduct a national survey on how corruption is affecting the average Nigerian.
Aliko Dangote

Aliko Dangote: Why Nigeria’s economy cannot grow

The President of the Dangote Group, Aliko Dangote, says the availability of consumer credit facility is an important option in fighting corruption in the country.
National Bureau of Statistics NBS

NBS: Nigeria’s foreign trade up by 2.50% in 2019

The National Bureau of Statistics (NBS) said the country recorded a total trade value of N8.2 billion for the first quarter of 2019, representing a growth of 2.50 per cent when compared to the previous quarter, (fourth quarter, 2018).

Industrialist: Why Nigerian states can’t grow

An industrialist, Mazi Sam Ohuabunwa, has said that the monthly federal allocation being shared by the federating states of Nigeria is responsible for the retardation of Nigerian states and their failure to think outside the box.
America's business leaders are growing more worried that the United States will enter a recession by the end of 2020. Their primary fear- protectionist trade policy.

US economy set for recession in 2020 – survey

President Donald Trump’s re-election hopes in 2020 are in jeopardy as a business economic survey released Monday showed that the odds of a US recession by next year are on the upswing, with mounting protectionism continuing to pose the greatest economic threat.

SEC’s appointment of Mutiu Sunmonu as Oando interim chief lacks due process

The announcement by the Securities and Exchange Commission (SEC) on Sunday June 2, 2019, on the alleged appointment of Mr. Mutiu Olaniyi Adio Sunmonu, CON, to head an Interim Management Team at Oando may have been executed without recourse to due process.

Recent Stories

Paris Saint-Germain have signed Abdou Diallo from Borussia Dortmund, the French side announced on Tuesday.

Paris Saint-Germain announce signing of Abdou Diallo from Borussia Dortmund

Paris Saint-Germain have completed the signing of defender Abdou Diallo from Borussia Dortmund.

Governor Bello promises cassava revolution in Kogi

Gov. Yahaya Bello of Kogi has promised a cassava revolution in the state with the empowerment of 500,000 cassava farmers into the agric space.
Apostle Johnson Suleman

Apostle Suleman: Nigeria is sitting on a keg of gunpowder

General Overseer of Omega Fire Ministries International, Apostle Johnson Suleman, Tuesday, cautioned that Nigeria was sitting on a keg of gunpowder and step must be taken to avert looming crisis in the country.

NAPTIP arrests six suspected human traffickers

The Benin Zonal Command of the National Agency for the Prohibition of Trafficking in Persons (NAPTIP) on Tuesday, said it had arrested six persons for suspected human trafficking.
Nigeria coach Gernot Rohr insists there is no shame in losing to a tough Algerian side in the Africa Cup of Nations (Afcon) semi-final on Sunday.

Afcon: Nigeria had superior possession against the best team Algeria – Gernot Rohr

Nigeria coach Gernot Rohr insists there is "no shame" in losing to a tough Algerian side in the Africa Cup of Nations (Afcon) semi-final on Sunday.