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Court orders final forfeiture of Abuja, Kano property linked to FIRS staff member

Court orders final forfeiture of Abuja, Kano property linked to FIRS staff member

The Federal High Court in Abuja on Thursday, ordered the final forfeiture of two property linked to a staff member of Federal Inland Revenue Services (FIRS), Aminu Garunbaba, to the Federal Government. The property include a four bedroom terrace maisonette with BQ at Barumark Groove Estate, Plot 667, Cadastral Zone, BO3, Wuye District, Abuja and […]

U.S. tariffs pose significant risk to global economy, warns IMF

U.S. tariffs pose significant risk to global economy, warns IMF

International Monetary Fund (IMF) Managing Director, Kristalina Georgieva, has expressed concerns over new U.S. tariffs, calling them a major risk to the global economy amid ongoing economic sluggishness. She expressed the concerns in a statement, following Tuesday’s announcement of the tariff measures. “We are still assessing the macroeconomic implications of the announced tariff measures,” Georgieva […]

ISA 2025 will stimulate economic growth  —  SEC

ISA 2025 will stimulate economic growth  —  SEC

By Peter Egwuatu The Securities and Exchange Commission (SEC) has said that the Investments and Securities Act, ISA 2025, is a game changer that has the strong potential of stimulating growth in the Nigerian capital market and the economy. According to a statement, the Director General of SEC, Dr. Emomotimi Agama, stated this in an […]

Trump’s tariff: Oil price slides 6.8% to $69.90 per barrel

Trump’s tariff: Oil price slides 6.8% to $69.90 per barrel

By Udeme Akpan, with agency report THE price of Nigeria’s Bonny Light yesterday dropped to $69.90 per barrel from more than $75 per barrel in the global market, indicating a decrease of 6.8 percent.   The development was fuelled by announcement of sweeping new tariffs by US President Donald Trump and the decision of the Organisation of […]

IMF backs Nigeria’s Single Window Trade project

IMF backs Nigeria’s Single Window Trade project

By Emma Ujah   The International Monetary Fund (IMF) has expressed  support for the Single Window Trade Project, an initiative to boost trade, increase revenue, and propel Nigeria’s economy. The IMF’s position was announced yesterday  during a meeting between the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, and a delegation from the […]

Nigeria, UNIDO sign $175m deal to boost industrialisation

Nigeria, UNIDO sign $175m deal to boost industrialisation

By Yinka Kolawole The federal government and the United Nations Industrial Development Organisation (UNIDO) have signed a $175 million programme for country partnership (PCP) deal to enhance Nigeria’s industrial capacity, drive technological innovation, and promote sustainable economic growth in the country. At the signing ceremony, Minister of Budget and Economic Planning, Abubakar Bagudu, said the initiative […]

VANGUARD ECONOMIC DISCOURSE:  Positive signs of recovery may be eroded if…  — Prof Ngwu

VANGUARD ECONOMIC DISCOURSE:  Positive signs of recovery may be eroded if…  — Prof Ngwu

By Emeka Anaeto, Business Editor The  little achievements and signs of economic recovery seen around recent economic reforms may be eroded by an increasing belief that the government is more interested in politics than in pursuing inclusive economic growth and development. Speaking to Vanguard at the backdrop of the up-coming Vanguard National Economic Discourse, Professor Franklin […]

Africapitalism key to energy development in Africa… Heirs Energies CEO

Africapitalism key to energy development in Africa… Heirs Energies CEO

BY Sebastine Obasi Africapitalism and partnership have been identified as key components of energy development in Africa. Heirs Energies CEO, Osayande Igiehon, gave this insight on African energy leadership at the just concluded inaugural Congo Energy and Investment Forum held in Brazzaville. Osa joined distinguished panels of African business leaders at the Kintele Congress Center […]