1. The Development Committee met today, October 19, in Washington, DC. 2. Global growth remains subdued, reflecting the softening pace of investment…
Category:
Economy
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EconomyFinanceNews
Nigerian delegation to 2019 IMF/World Bank secures $3bn World Bank power financing, Nigerian banks are sound
At the conclusion of the 2019 IMF/World Bank Annual Meetings in Washington, the Nigerian delegation led by the minister of Finance said…
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European Union leaders will discuss a new budget plan on Friday that could allow the bloc to spend up to 1.1 trillion…
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The Federation Account Allocation Committee (FAAC) in Abuja, shared a total of N693.529 billion to the three tiers of government for the…
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BusinessEconomyNews
Sanwo-Olu, Okonkwo parley ASPAMDA, Trade Fair market leaders on infrastructure development
Lagos State Governor, Mr. Babajide Sanwo-Olu has met with market leaders from Alaba, Trade Fair axis in Lagos West senatorial district. The…
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International Monetary Fund has urged Nigeria to focus more on non oil revenue drive, economic diversification and intensifying war on corruption. Speaking…
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9mobile said it has increased value on its daily data subscription packages. As a result, subscribers will enjoy as much as 150…
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Minister of Finance Zainab Shamsuna Ahmed has said that the federal government has introduced a bill in the National Assembly to give…
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BusinessEconomyFinance
James Hope college acquires America International School Lagos, offers full scholarship to 40% of Students
The James Hope College (JHC) has announced the acquisition of the American International School Lagos (AISL) Lekki Campus facility to establish James…
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EconomyFinanceNews
Poor countries are now more vulnerable, make goals of reducing poverty harder—Malpass
President World Bank Mr. David Malpass has said that “Global growth is slowing. Investment is sluggish, manufacturing activity is soft, and trade…
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EconomyFinanceNews
Nigeria interest payments as a share of tax are very, very high, two-third of revenue—IMF
International Monetary Fund IMF, has said that for Nigeria to fast track its development the priority should be a comprehensive reform to…
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President Muhammadu Buhari in a renewed effort to save cost and free resources for capital project has cut down on the estacode…
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EconomyFinanceNews
Nigeria has a large exposure to nonresident holders of domestic debt, a risk in time of stress
International Monetary Fund has said that Nigeria has a large exposure to nonresident holders of domestic debt, particularly with central bank bills.…
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The International Monetary Fund has said that as much as half of the world’s work is unpaid, and most of it is done…
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Lagos Chamber of Commerce and Industry has said that the closure of Nigeria -Benin Border has come with a cost mainly to…