“Government should overhaul the existing refineries and encourage building of new ones, most especially modular ones all around the country to enable the country increase her refining capacity for local consumption. This will support export of refined products and thereby maintaining local employment and saving the nation of foreign exchange used in the importation of refined products.

The ninth annual business conference of the Nigerian Bar Association Session on Business Law (SBL), is expected to set economic agenda for the new administration of General Muhammadu Buhari. Coming on the heels of May 29 hand-over date, the three-day business law conference with the theme: ‘’Regulators as Catalysts for Economic Growth’’ would hold between May 7 – 9 at the Eko Hotel and Suites, Victoria Island, Lagos.

The World Bank has approved N15billion (US$75 million) International Development Association (IDA) credit for developmental projects in Edo State. The N15bn credit would be in the form of budget support to finance policy and institutional reforms that Edo State has undertaken to improve its public financial management, increase private investment in land, and significantly improve the quality of the State’s education system.

Currently, the net market capitalization of Nigeria’s capital market stands at over 77 trillion US dollars with a robust and solid banking sub sector. Beyond the façade of these encouraging hypothetical economic indicators is a nauseating paradox of a sort; abject poverty in the midst of plenty. The implication of the apparent misconception arising from Nigeria’s GDP re-basing is the possibility to relax and assume that perhaps Nigeria’s economic woes are over.

AWKA- ANAMBRA State government has stepped up efforts aimed at turning the state into the nation’s agricultural base with the signing of a Memorandum of Understanding, MoU, with a private investor, Lynden Integrated Farms Ltd, for the establishment of commercial poultry farm in the state. The investment is to gulp about N13 billion.