Ecomony articles

Nigeria still investors destination – IMF

Nigeria still investors destination – IMF

Monetary and regulatory authorities in Nigeria have been enjoined to roll out policies that would bring down the inflation rate in the country as well as increase access to domestic funds in order to ensure that the economy attains further growth in 2018, adding that Nigeria is still an investor’s destination. The call was made

How Nigeria will meet 2018 budget target despite OPEC oil cap – Kachikwu

Last Thursday’s Organization of Petroleum Exporting Countries, OPEC, resolution extending by another nine months its 2017 output cut agreement will not affect the Nigerian government’s revenue projections in the 2018 Budget, the Minister of State for Petroleum Resources, Ibe Kachikwu, has said. Mr. Kachikwu, who stated this on Friday in an exclusive chat with PREMIUM

Illegal Funding of FG: The key question CBN Governor, Emefiele, failed to answer

In apparent response to an exclusive report by PREMIUM TIMES, the Governor of the Central Bank of Nigeria, Godwin Emefiele, on Tuesday scrambled to defend his bank’s huge funding of the federal government. This newspaper had published a report on Monday detailing the CBN’s massive financing of the federal government in clear contravention of the

Buhari meets Adeosun, Emefiele, says he’s happy with state of the economy

President Muhammadu Buhari is delighted over the improving state of the economy, Femi Adesina, his spokesman, has said. In a statement on Monday, Adesina said Buhari spent about two hours receiving briefing from Udoma Udo Udoma, minister of national budget and planning; Kemi Adeosun, minister of finance, and Godwin Emefiele, governor of Central Bank of

EFCC quizzes MDs of Forte Oil, Oando, Total, ‘recovers’ N329bn debt

The Economic and Financial Crimes Commission (EFCC) says it recovered N328.9 billion debt after quizzing the managing directors of nine major oil companies, including Forte Oil, Oando and Total. The other companies are Conoil Plc, OVH Energy Plc, Mobil Plc, MRS Oil Plc, and NIPCO Oil Plc. Wilson Uwujaren, EFCC spokesman, who disclosed this in

Nigerians express concern over indiscriminate bank charges-Report

A recent public opinion poll by NOIPolls has revealed that most Nigerians (80 percent) are expressing concern over what they refer to as incessant and indiscriminate bank charges levied on their accounts by commercial banks. The poll, which was prompted by recent media reports and commentary on bank charges and deductions from customer accounts without

2017 budget: Nigerian govt set to release N350 billion for capital projects – Adeosun

The Minister of Finance, Kemi Adeosun said that the federal government was ready to release N350 billion, being the first tranche for implementation of the 2017 budget. Mrs. Adeosun said this on Monday in Abuja at the public presentation of 2017 Appropriation Act. She said that the Federal Government had enough cash available to immediately

Osinbajo signs new laws to allow you use freezer, generator as collateral for bank loan

Acting President Yemi Osinbajo has signed two new laws that would help facilitate access to more affordable credit facilities for businesses in the country. In a statement on Tuesday, Laolu Akande, Osinbajo’s spokesman, listed the acts to include the Secured Transactions in Movable Assets Act, 2017 (otherwise known as Collateral Registry Act) and the Credit

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