Economy

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.

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 Police Command in Plateau has arrested 16 suspects over kidnapping, armed robbery, culpable homicide and unlawful possession of firearms.

Inmates set Warri prison on fire, as army, police take over security

Inmates of the Warri correctional centre on Okere road, Warri south local government area, Delta state Thursday set some buildings inside the place on fire.
Adegboyega Oyetola

#EndSARS: Osun government says curfew still in force

The Osun State Government says the 24-hour curfew imposed on the state by Gov. Gboyega Oyetola, to rid the streets and communities of violence, prevent loss of lives and property, is still in force.
Sequel to the collapse of a school building in Ejigbo in the early hours of Saturday, the Governor of Lagos State, Mr. Babajide Olusola Sanwo-Olu has directed the Ministry of Physical Planning and Urban Development to carry out integrity tests on both public and private schools with buildings of 3 floors and above.

Governor Sanwo-Olu: I have been unable to speak with President Buhari

Governor Babajide Sanwo-Olu, on Thursday, said he was yet to speak directly with President Muhammadu Buhari concerning the shooting of #EndSARS protesters in the State.

#EndSARS: Enugu government exempts essential, emergency workers from curfew

The Enugu State Government has exempted health, essential, and emergency workers from the curfew imposed on the three Local Government Areas (LGAs) that make up Enugu metropolis.
Streaming service Quibi said on Wednesday it intends to wind down its operations and start a process to sell its assets, just six months after its launch.

Hollywood-backed Quibi to shutter six months after launch

Streaming service Quibi said on Wednesday it intends to wind down its operations and start a process to sell its assets, just six months after its launch.