THE Central Bank of Nigeria, CBN, yesterday, released its Purchasing Managers Index (PMI) report for January, which indicated decline in economic activities during the month. The report showed that out of the 34 sub-sectors surveyed during the month, 21 sub-sectors recorded decline in activity. Ten sub-sectors declined in the manufacturing sector while 11 sub-sectors declined […]

“Soft loans must be made available to young graduates and I advocate interests rate which is as low as 2 or 3 percent. There should be a moratorium of 2 to 3 years before commencement of repayment.”

THE Nigerian Economic Summit Group, NESG, has appraised the 2017 fiscal policy with concern over unfavourable policy environment and implementation capacity.

A member of Osun House of Assembly, Mr Olatunbosun Oyintiloye says the Federal Government Social Investment Programmes (SIP) will lead to the economic stability and recovery in the New Year.

A Don, Prof. Uche Uwaleke, on Thursday expressed optimism that the 2017 budget, when passed into law, would engender economic recovery for the nation.

Osun state Governor, Ogbeni Rauf Aregbesola, on Tuesday said that, because of the massive infrastructural projects going on across the state, the citizenry have had it difficult to believe that the nation in general and the state in particular, is undergoing economic hardship.

Kano – The Federal Government is making efforts to cushion the effects of the current economic recession in the country, the Minister of Women Affairs and Social Development, Hajiya Aisha Jummai Alhassan, said on Monday in Kano. The Minister gave the assurance at the Grassroots Town Hall Meeting. THe meeting was organised by the Federal […]

Last week’s upwards price trend in the oil market has shifted stock market sentiment to positive.

Nigerian Stock Exchange, NSE, indicators which opened the week bearish trended northwards by mid-week and sustained uptrend till Friday, driving the All Shares Index, ASI, up by 1.6 per cent week-on-week, the highest in several weeks.This also bucked six consecutive weeks of losses.

On Monday, November 21, 2016, the newspapers reported that allocations to the Federal, state and local governments had lost N31.8 billion compared to the September figure. The next day, the National Bureau of Statistics (NBS) disclosed that the economy had shrunk by 2.24 per cent in the third quarter, worse than the second quarter.

The Federal Government has said that the need to diversify and restructure the economy has never been more crucial and is a tough but necessary period to achieve the desired structural changes needed for growth, inclusive prosperity and sustainable development.

NATIONAL President of Institute of Chartered Mediators and Conciliators, ICMC, Dr Louis Ogbeifun, has warned the Federal Government against politicising the economic recession in the country.

The dwindling federal allocation and attendant cash crunch in the face of mounting social and economic needs call for concerted effort by South-East governors to promote economic integration.

The present economic downturn occasioned by dwindling oil prices in the international market, has not only led to frantic calls for economic diversification, it has also opened our eyes to our deeply flawed laws currently inhibiting business competitiveness and obstacles on the way of investors – foreign and local – who genuinely want to invest in the country. The concomitant negative effect of these deeply flawed and obsolete laws over the years had seen the whittling of businesses in Nigeria at a geometric rate and the permanent lockdown on long term investments in our potentially huge non-oil sector. Therefore, it has become imperative to remove the anti-business obstacles if the urgent quest to navigate the economy away from hitting the rocks due largely to over dependence on revenue from crude oil exports is to be achieved.

Governor Akinwunmi Ambode of Lagos State has said that the economic doom prediction for 2016 will not stop the state’s economy from booming.

DEPUTY Senate President, Ike Ekweremadu, has described recent fire incident that claimed eight lives and destroyed valuable property in Nnewi, Anambra State, as a major setback to the economic development of the South East.