Economy

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.

Fed govt grants tax holiday to 27 industries

The Federal Executive Council on Wednesday approved the inclusion of 27 enterprises to the list of pioneer industries and products that would enjoy pioneer status under the Industrial Development Income Tax Relief Act.

Recent Stories

The Judicial Commission of Inquiry set up by Governor Godwin Obaseki to investigate the construction of the Edo Specialist Hospital and supply of equipment has indicted former governor, Adams Oshiomhole.

Governor Osagie: We do not stuff dollars in babaringa in Edo

The Special Adviser to the Edo State Governor on Media and Communication Strategy, Mr. Crusoe Osagie, has said Governor Godwin Obaseki delivers sustainable projects to better the lives of Edo people and does not go about stuffing dollars in babariga, like the Kano State Governor, Abdullahi Ganduje.

Kaduna attacks: Senator Shehu Sani urges concerted efforts by government, security agencies

Malam Shehu Sani, who represented Kaduna Central in the Senate from 2015 to 2019, has called on the Kaduna state government and security agencies to seek out better strategies toward ending killings in the state.
Governor David Nweze Umahi

Ebonyi governor urges President Buhari to increase Nigerian Army funds

Governor David Umahi of Ebonyi State, Friday, called on President Muhammadu Buhari to increase funding and logistics to the Nigeria Army, rather than contemplating sacking the Service Chiefs.
A security officer wearing a face mask to protect against the coronavirus stands outside the Canadian Embassy in Beijing, China on Aug. 6, 2020. Mark Schiefelbein-AP

Canadian sentenced to death on drug charges in China

China sentenced another Canadian to death on drugs charges Friday, the second in two days to be handed the punishment, as tensions soar between Beijing and Ottawa.
Fifteen passengers and a pilot have been reported dead after an Air India Express flight skidded off the runway at Calicut international airport in Kerala.

Many feared dead as Indian plane crashes

Fifteen passengers and a pilot have been reported dead after an Air India Express flight skidded off the runway at Calicut international airport in Kerala.