A recent World Bank report has said that for African countries to boost economic growth, there is need for them to create…
Economy
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— $18.3bn paid out in 12 weeks A total of $18.3 billion left the shores of Nigeria to foreign lands through…
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The Central Bank of Nigeria (CBN) on Friday said that 60 per cent or N132 billion of the N220 billion Micro, Small…
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BusinessEconomyNews
FG to introduce new textile policy soon as cement sector attracts $8bn new investment
Federal government has disclosed that it will soon introduce a new textile policy that will stem the spate of dumping in Nigeria.…
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The International Monetary Fund has raised its forecast for global growth this year as expansions in the U.S. and U.K. accelerate, and…
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The Federal Government is planning to seek approval from the National Assembly (N/A) to increase a planned $100 million diaspora bond. The…
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The Minister of Finance, Dr Ngozi Okonjo- Iweala, said that the 2014 budget envisaged a net collectible revenue of N7.50 trillion. Okonjo-Iweala,…
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The performance of the manufacturing sector of the economy has defied the various fiscal incentives introduced by the Federal Government to boost…
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Federal Government has presented a budget proposal of N4.6 trillion for the 2014 fiscal year to the National Assembly. The proposed budget…
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Nigeria plans a huge jump in domestic sugar production over the next six years to cut dependence on imports and satisfy growing…
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The Senate on Wednesday approved the inclusion of Lagos State Development Policy Operation II (DPO) into the proposed pipeline projects under the…
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African Trade Ministers agreed, on Tuesday, to support the package on the table at the ongoing World Trade Organisation’s Ninth Ministerial Conference…
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The ECOWAS Commission has decried the “global trade imbalance against Africa” as the continent’s share of the global trade stood at a…
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MANUFACTURERS in the country are licking their wounds over streams of loses as a result of built up finished inventories of goods…
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Indications are that the measures being put in place to make Nigerians look inwards are beginning to yield dividends as imports of…