Nigeria’s increasing population, enormous threat to economy- UK envoy
Businessam Staff
March 21, 2018
Paul Arkwright, UK high commissioner to Nigeria, said Tuesday that Nigeria’s increasing population could be a big disaster to the country if not checked. The UK envoy said this at an event organised by the African Peace Building Network of the Social Science Research Council and African Leadership Centre of the Kings College London in […]
Nigeria’s finance minister sees economy growing 7% in next 2-3 years
Businessam StaffMarch 21, 2018
Kemi Adeosun, Nigeria’s finance minister seeing the country’s economy recovered quickly from a recession, said there are potentialities to achieve a seven percent economic growth in the next two to three years. The minister disclosed this Tuesday at the 4th Ogun State Investors Forum in Abeokuta, saying the country’s economic outlook for 2018 and beyond […]
Nigeria back down AfCFTA agreement to extend scope of consultations
Businessam StaffMarch 19, 2018
Chiedu Osakwe, Nigeria’s chief trade negotiator said the country’s decision to back down from this week’s signing of the new pan-African continental free trade area in Rwanda, was “in the national interest of a great and diverse country”. According to Channels Television, Osakwe said in an email that the government wants to “deepen, intensify and […]
Huge welcome trails ‘Nigerian jobs for Nigerian people’ policy
Ajose SehindemiFebruary 12, 2018
In Britain, it is called giving British jobs to the British. Just like Donald Trump’s insistence that American jobs should first be for Americans, Nigeria’s President Muhammadu Buhari’s Executive Order 5, that prohibits giving foreigners jobs that can be done by Nigerians is being widely applauded by the citizens. But in an economy where the […]
Economic recession responsible for drop in 2017 passenger traffic- Nigerian Aviation group
Businessam StaffJanuary 21, 2018
A group, the Aviation Round Table (ART) on Sunday said the economic recession in Nigeria was responsible for the 26 percent drop in the country’s air passenger traffic in 2017. Gbenga Olowo, ART President, made this known while speaking with the News agency of Nigeria (NAN) in Lagos, adding that such is expected since the […]
Nigeria’s unemployment rate surges 18.8% in Q3 2017 from 16.2% in Q2 2017
Businessam StaffDecember 22, 2017
Nigeria’s unemployment rate worsened from 16.2 percent in the second quarter of 2017 to 18.8 percent in the third quarter of the year, the National Bureau of Statistics said Friday. The NBS said the number of people within the labour force who were unemployed increased from 13.6 million in the second quarter of the year […]
Nigeria’s Lagos to become art, design hub as city hosts AFRICAN culture, design festival
Businessam StaffNovember 29, 2017
Africa’s most populous city is aiming to become a cultural hub for the continent, as the boisterous city of Lagos hosted the AFRICAN Culture and Design festival. Exhibits included a mix of traditional and modern art, with the goal of expanding awareness of Africa’s creative talents. Some works were an ode to African leaders including […]
Nigeria signs N642m grant with Japan towards actualisation of ERGP
Businessam StaffNovember 22, 2017
Nigeria and Japan Tuesday signed a N642 million grant to assist the African’s nation central government’s economic efforts. The amount would be provided by the Government of Japan. Udoma Udo Udoma, Nigeria’s minister of budget and national planning said this in a statement signed by his Special Adviser on Media, Akpandem James in Abuja. Udoma said […]
Germany, Nigeria trade volume shrinks €3.5bn, effects of economic downturn in Africa nation
Businessam StaffOctober 23, 2017
Bernhard Schlagheck, the German Ambassador to Nigeria disclosed Monday in Abuja that the volume of trade between Nigeria and Germany shrank to 3.5 billion Euros in 2016. In an interview with NAN, Schlagheck said that the trade volume dropped by about 2.5 billion Euros from six billion Euros recorded in 2015. The envoy blamed the fall on […]
Nigeria, Pakistan revamp joint commission to strengthen economic, trade relations
Businessam StaffOctober 23, 2017
Nigeria’s President Muhammadu Buhari said the Nigeria-Pakistan joint commission will be revamped as a veritable platform to strengthen economic and trade relations between both countries. Buhari gave the assurance on Saturday in Istanbul at a bilateral meeting with prime Minister Shahidkhakanabbasi, on the margins of the ninth d-8 summit in turkey. The president, who expressed […]