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Financial Derivatives Company
Sub-Saharan Africa’s economy will accelerate going into next year but could be derailed as the world moves onto an uncertain path that could bring an end to the recent synchronized uptrend, a Reuters poll showed yesterday.
Charles Soludo, a former Governor of the Central Bank of Nigeria (CBN), says Nigeria needs economic restructuring and heavy lifting from its current economic condition.
The declining fortune of the naira in the Investors and Exporters (I&E) window is expected to continue this week even as the Central Bank of Nigeria (CBN), in a bid to defend the nation’s currency injected $540 million into the window in July.g
President Muhammadu Buhari has approved part of the funds for the Super Eagles campaign at the 2019 Africa Cup of Nations in Egypt.
President Muhammadu Buhari yesterday received the report of the Presidential Technical Advisory Committee on the implementation of the New Minimum Wage (PTAC) and said the government would begin work on it immediately.
President Muhammadu Buhari on Monday in Abuja received the report of the Presidential Technical Advisory Committee on the Implementation of the National Minimum Wage with a pledge to review it expeditiously.
The bearish run on the Nigerian Stock Exchange (NSE) continued on Tuesday as all share index (ASI) plunged by 1.02% to close at 31,313.36 points.
Analysts have presented different possibilities for the Nigerian economy after the February and March elections, with most of them saying that a change in political leadership would most likely inspire hope and engender economic growth.
President Muhammadu Buhari on Wednesday presented an N8.83 trillion budget for next year to a joint session of the National Assembly in Abuja, which many analysts have described as ambitious, given the regime’s struggles to meet revenue targets.
Should oil prices continue to decline and fall below Nigeria’s Medium Term Expenditure Framework (MTEF) benchmark of $60 per barrel, the impact on the country’s economy could include the naira depreciating to $380/$, analysts at Financial Derivatives Company (FDC) have predicted.
Some economists on Friday called on the Federal Government to review the direction of the country’s debts, in order to spur productivity and economic growth.
The LCCI, whose position was contained in a report titled, ‘Infrastructure Deficit in Nigeria: The Way Forward, the LCCI,’ decried the challenges of exporting made-in-Nigeria products to other ECOWAS countries and poor investment climate.
Gunmen have reportedly abducted two Catholic priests, Rev Fr Joseph Nweke and Rev Fr Felix Efobi from Awka Catholic Diocese.
Yobe State governor Mai Mala Buni has directed the suspension of the district Head of Fannami Ward, Lawan Mari from Bade Local Government for alleged sodomy with a six year-old-boy.
The Governor of Ekiti State, Dr Kayode Fayemi, has congratulated the newly elected chairmen and councillors of the 16 local government councils, following official announcement of Saturday’s council election results by the State Independent Electoral Commission.
A human rights lawyer, Femi Falana (SAN), said on Sunday that the leader of the Department of State Service (DSS) team that invaded the Federal High Court, Abuja, on Friday apologized to Justice Ijeoma Ojukwu over the incident
The police in Ogun State have arrested three suspects over the death of a 27-year-old man who was stabbed in the chest.
Ebonyi and Anambra state have been ranked first and second respectively on the chart of South East married women between ages of 15-49 who had experienced violence committed by their husbands or partners.
Anthony Joshua would not be drawn on his future plans after regaining his world heavyweight titles from Andy Ruiz on Saturday.
House of Representatives member Babajide Obanikoro says he is impressed with the fans and organisation of the Lagos Saturday Boxing Show.
Men of the Lagos State police command have rescued a corps member, Faith Onyiwara, who was kidnapped around Ilamija, in the Epe area of Lagos State.
Earlier on newsmen had reported that the Federal High Court in Abuja has been thrown into confusion as the DSS allegedly attempts to re-arrest Omoyele Sowore immediately after the end of today’s proceedings.