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Economy & Investments

Covid-19 Economic Stimulus: States To Get $1.5b Fr

Friday, May 22, 2020
The World Bank has got a proposal of $1.5 billion to states as a part economic stimulus to cushion the impact of the COVID-19 pandemic, says Minister of Finance, Budget and National Planning, Zainab Ahmed. Ahmed briefed State House correspondents on Thursday after the virtual National Economic Co ...

Nigeria: Oil Price Crash Sparks Investor Exodus

Tuesday, May 12, 2020
hellip;CBN to ensure orderly exits Nigeria rsquo;s economy might be heading for a dramatic slump as the fallout from the oil price crash and the coronavirus pandemic have sent foreign portfolio investors (FPIs) scurrying to repatriate funds from the country. Having already cut bac ...

Nigeria Records 12.26% Inflation

Wednesday, April 22, 2020
Nigeria 39;s Inflation rate rose to 12.26 percent in March from the 12.20 percent recorded in February 2020. The consumer price index (CPI), which measures inflation, released on Tuesday by the National Bureau of Statistics (NBS) showed that it is 0.06 percent points higher ...

Nigeria heading into its worst recession in over 30 years - IMF

Wednesday, April 15, 2020
The International Monetary Fund (IMF) has projected that Nigeria rsquo;s economy will recede by 3.4% in 2020 as a result of the COVID-19 pandemic that has disrupted global supply chains. This would be the worst recession in 30 years, and the second recession in five years, f ...

President Buhari Meets With VP Osinbanjo For Briefing On Economic Sustainability

Friday, April 10, 2020
The Presidenti on Friday, met with the Vice-President Yemi Osinbajo, for a briefing on the work of the Economic Sustainability Committee. Buhari appointed Osinbajo as the chairman of the team. The committee was set up to design and respond to the impact of the COVID-19 pandemic and the crashing o ...

NIPC Embarks on Sensitization Visit to South-South Region

Wednesday, March 11, 2020
As part of efforts to strengthen engagements with government, stakeholders and investors in the Southern part of the country, Nigerian Investment Promotion Commission rsquo;s (NIPC rsquo;s) South South team paid a working visit to Akwa Ibom and Cross River states. The team which comprised of Mess ...

Gov. El-Rufai Offers Dethroned Emir Sanusi A Place In Kaduna Investment Promotio

Tuesday, March 10, 2020
Former Emir of Kano, Muhammadu Sanusi II, has been appointed into the board of Kaduna Investment Promotion Agency, KADIPA, by Kaduna State Governor, Nasir El-Rufai. The new appointment was announced in a statement El-Rufai rsquo;s Special Adviser on Media and Publicity, Muyiwa Adekeye on Tuesday. ...

President Buhari Travels To Riyadh Today for Future Investment Initiative Summit

Monday, October 28, 2019
President Muhammadu Buhari will depart Abuja on Monday for Riyadh, the Kingdom of Saudi Arabia, to attend the third edition of the Future Investment Initiative. Malam Garba Shehu, the President rsquo;s spokesman who disclosed this in a statement in Abuja on Sunday said that event was organised by ...
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