Nigeria’s oil output wobbles after 10yrs of increase in rigs
There are indications that increased deployment of oil rigs in Nigeria has not translated into corresponding rise in crude oil production.
Carnival is multi-billion dollar business – Minister
The Minister of Tourism, Chief Edem Duke, says carnival is multi-billion dollar business, which Nigeria ’s economy needs to tap into in order to grow capacity in Small and Medium Enterprises (SMEs) across the country.
Cross River repositions for foreign investments – Nyong
The Deputy Speaker,Cross River State House of Assembly, Itaya Asuquo Nyong, says Cross River is strategically repositioned for influx of local and Foreign Direct Investments (FDIs) to enable the state create jobs for the citizens, especially youths in various councils in the region.
‘Cashless Policy takes commitment to work’
Dayo Babatunde is the senior partner, Ernst and Young, a global firm that has been in operation for over 50 years and is represented in more than 140 countries. With his 23 years experience in the banking industry, he is of the opinion that cashless economy will not only help Nigeria’s economy but will ease all issues in the industry.
MFBs laud CBN for waiving daily cash withdrawal limits
The National Association of Microfinance Banks (NAMB) has commended the Central Bank of Nigeria (CBN) for waiving the daily cash withdrawal limit of N1 million for its customers.
Nigeria paid $22.5bn freight charges to foreign ship owners in four years
The Federal Government and some Nigerian importers paid 22.5 billion dollars (N3.3 trillion) as vessel charter freight to the foreign ship owners in four years.
Low intra-regional trade worries ECOWAS
Members of the ECOWAS Parliament have deplored the low intra-regional trade profile of West Africa and “the pressure brought to bear by the European Union on trade liberalisation between the two zones”.
NES seeks partnership with Fiscal Commission to ensure economic balance
The Nigerian Economic society (NES) said on Wednesday in Abuja that it would partner the Fiscal Responsibility Commission to ensure economic balance in the country.
IOSCO raises concerns on ETFs, cautions stock exchanges
The International Organization of Securities Commissions, IOSCO, has cautioned capital market regulators and stock exchanges around the globe on the need to exercise prudence in their roll out of Exchange Traded Funds, ETF, due to the various risks associated with this type of investment vehicle.
AMAA, Nigeria’s best export to the world – Hot shot boss
Chief Executive Officer of Hot Shot, a data based marketing communication and a subsidiary of Troyka Group, Mr. Dayo Adefila has described Africa Movie Academy Awards (AMAA) as one of the country’s best export to the world.
FG sets up two c’ttees to improve trade, investment
THE Federal Government has set up two committees that would improve the flow of trade and investment to the country. They are: ‘Doing Business and Competitiveness’ and ‘Investor Care’ committees.
