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Economy & Investments

U.S patners Nigeria to improve food security.

Friday, July 19, 2019
The government of the United States have signed a declaration of patnership with Nigeria to launch a five year programme, Feed the future Nigeria to improve food security and boost agri - business. In a statement signed by Head of Policy Communication Unit, International Food Policy Research In ...

FIRS chief denies calling for 50% hike in VAT rate

Thursday, March 21, 2019
The Chairman, Federal Inland Revenue Service (FIRS), Babatunde Fowler, on Wednesday denied reports of a plan to increase the rate of value added tax (VAT) by 50 per cent to enable government pay the new national minimum wage of N30,000 passed by federal lawmakers. The Minister of Budget and Natio ...

International Monetary Fund (IMF) Gives Verdict On Nigerian Economy Says Nigeria

Wednesday, October 10, 2018
Growth prospects in Africa are being held down by poor economic development in Nigeria, South Africa and Angola, the International Monetary Fund has said. The Breton Woods institution, which said this at the Annual General Meetings of the IMF/World Bank currently going in Bali, Indonesia, also re ...

BUA trains block, concrete makers on Cement mix

Tuesday, July 24, 2018
BUA Cement ndash; a subsidiary of BUA Group has sensitized block and concrete makers on the importance of using the right mix of cement with other components to guarantee that only the highest standard of block and concrete is produced. The 1-day workshop, tagged ldquo;Optimizing Cement Usage t ...

Sahara Group canvasses investments in emerging markets at Europlace forum in Par

Wednesday, July 11, 2018
Tonye Cole, Executive Director of energy conglomerate, Sahara Group will join experts from various global markets to deliberate on harnessing unfolding opportunities in emerging markets at the 2018 Paris Europlace International Financial Forum on July 11, 2018 . Billed as one of the largest C-lev ...

Nigerian Economy: Inflation drops to 11.61 % in May – NBS

Thursday, June 14, 2018
The National Bureau of Statistics (NBS) on Wednesday said the Consumer Price Index (CPI), which measures inflation for May, decreased to 11.61 per cent (year-on-year) from 13.34 per cent recorded in April. The NBS disclosed this in its CPI and inflation Report for May released in Abuja. Accord ...

MainOne to Invest $300m in Communication Infrastructure

Thursday, April 5, 2018
Opeke disclosed this at the 2018 TMT Finance Africa Conference, a forum driving investment for telecoms, media and technology sectors across Africa, in Cape Town, South Africa, last week. MainOne, through its subsidiary, MDXi Data Centre, had recently invested N12 billion in its Lekki data c ...

Report: Nigeria To Lose $2bn Investments, 1000MW Solar Power Projects As Finance

Thursday, March 15, 2018
Investors in Nigeria rsquo;s power sector are threatening to quit Nigeria with over 1000MW projects at stake as the Federal Government backed out of the Power Purchase Agreement (PPA) contracts signed with the project developers. Nigeria in July 2016 signed its first solar PPA in July 2016, ...
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For lack of political vision and commitment the people wallow in abject poverty.
By: Lord Aikins Adusei