Cultural group to set up business forum to promote entrepreneurship

3 hrs

By Hope Ikwe, Jos The Ngas Development Association (NDA) has proposed a business forum as it lines up of activities to celebrate its yearly festival known as Pusdung. Gonen Gofwen, president of the association,  who addressed journalists said a “Business Round-Table Meeting” has been  introduced to the festival which has been celebrated since 1988 to […]

Nigerian govt begins restructuring, recapitalisation of Bank of Agriculture

April 17, 2019

The Nigerian government says it has begun the process of restructuring and recapitalising the Bank of Agriculture. Audu Ogbeh, the minister of agriculture and rural development, led other key players in the sector to the Kick-off meeting of the Financial Advisory Service for Restructuring and Capitalisation Project of the Bank of Agriculture (BOA). The meeting […]

Bank of Italy sees 2020 budget deficit at 3.4% without VAT hike

April 16, 2019

The chief economist at the Bank of Italy said the country’s budget deficit could widen to 3.4 percent in 2020 if the government doesn’t increase value-added tax, a red line for the populist coalition in Rome. The higher deficit figure would be in breach of a European Union limit, setting the stage for a new […]

Dollar Up As Key Global Data Awaited, Aussie Hit By RBA’s Dovish Tone

April 16, 2019

The dollar edged up against a basket of its key rivals on Tuesday with investors erring on the side of caution as they looked for more concrete signs of stabilisation in the global economy. With most currencies staying within well-trodden trading ranges ahead of European and Chinese data, the Australian dollar was the surprise loser […]

NECA to FG: Remove oil subsidy, manage debt profile

April 16, 2019

The Nigeria Employers’ Consultative Association (NECA) has called for the deregulation of the downstream sector of the oil and gas industry to boost the economy. Timothy Olawale, the director general of NECA,at a stakeholders’ meeting of manufacturers  in Lagos, said except fuel subsidy was removed, Nigerians would continue to suffer intermittent scarcity. He said the […]

Plateau budgets N29bn for works, education in 2019

April 11, 2019

By Hope Ikwe, in  Jos. The Plateau State government has budgeted a total of 29.1 billion for works, transport and education in the 2019 fiscal year. Sylvester Wallangko, the commissioner for the budget and economic planning, during the breakdown of the 2019 budget tagged ” Budget of Rescue and Infrastructural  Growth” said emphasis would be […]

Commerzbank chairman dismisses reports of dissatisfaction with CEO

April 11, 2019

Commerzbank’s supervisory board chairman on Thursday dismissed reports of board dissatisfaction with its chief executive as irresponsible and unfounded. Chairman Stefan Schmittmann was reacting to reports in recent days that some board members were pushing Commerzbank to end merger talks with rival Deutsche Bank and push the CEO, Martin Zielke from office. “Rumours and speculation […]

Stop stamp duty charges now, NECA urges FG

April 11, 2019

The Nigeria Employers’ Consultative Association (NECA) Wednesday appealed to the federal government to stop deducting stamp duty charges from bank customers in the country. Timothy Olawale, director general of NECA, made this request while fielding questions from reporters in Lagos. According to Olawale, the Central Bank of Nigeria (CBN) and the Nigerian Postal Service (NIPOST) […]

2018: Lagos has highest foreign debt profile, Yobe lowest —NBS

April 10, 2019

The National Bureau of Statistics said Nigeria’s foreign debt stood at 25.27 billion US dollars as at 31st December, 2018. The NBS said this in “Nigerian Domestic and Foreign Debt data” for 2018 fourth quarter posted on its website. The bureau said further disaggregation of Nigeria’s foreign debt showed that 11.01 billion dollars of the […]