NBS, SMEDAN Commence National Survey On MSMEs Today
The National Bureau of Statistics, NBS, is set to commence the long overdue national survey on micro, small and medium enterprises, MSMEs. According to a statement by the NBS, the survey for the 2017...
View ArticleNigeria-China Trade Deficit
Nigeria’s economic relationship with China is heavily characterised by trade. However, Sino-Nigerian relations are far from equal. Nigeria runs a trade deficit with China. We import seven point six...
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Federal Government partners AfDB on youths employment
The Federal Government has partnered with the Africa Development Bank (AfDB) to reduce unemployment in the country. The government said it plans to engage stakeholders and the AfDB in a round table...
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CBN injects $210m into forex market, supports SMEs
The Central Bank of Nigeria, CBN, has injected two hundred and ten million dollars, to meet customers’ requests in various segments of the foreign exchange market. The CBN, in its quest to meet...
View ArticleWorld food prices down 3.7% in July – FAO
World food prices fell 3.7 per cent in July from the month before with declines seen across all crop types, the United Nations food agency said on Thursday. The Food and Agriculture Organisation (FAO)...
View ArticleInflation records 18th consecutive decline to 11.14% –NBS
Nigeria’s annual inflation rate eased further to 11.14 percent in July 2018 from 11.23 percent in the previous month, matching market expectations of 11.1 percent. It was the lowest inflation rate...
View ArticleUK inflation rate rises for first time since November
UK inflation rose to 2.5% in July, after holding steady at 2.4% in the previous three months, as the cost of transport and computer games increased. It was the first jump in the Consumer Prices Index...
View ArticleManufacturers commend Kwara Govt for creating favourable economic climate
The Manufacturers Association of Nigeria (MAN) says the economic climate of Kwara was favourable for the growth of business enterprises. Mr Gbenga Adeola, the MAN’s Executive Secretary, Kwara and Kogi...
View ArticleTax enforcements actions impact quality of telecom service, says Adebayo
Chairman, Association of Licensed Telecoms Companies of Nigeria (ALTON), Gbenga Adebayo, in this interview with ADEYEMI ADEPETUN of TheGuardian, says multiple taxation that service providers are faced...
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South African economy in recession
South Africa has entered recession in the second quarter for the first time since 2009, data showed today, in a stinging blow to President Cyril Ramaphosa’s efforts to revive the economy after a decade...
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Nigeria demands $2bn ‘tax arrears’ from under-pressure MTN
The federal government has written to MTN Nigeria demanding a payment of two billion dollars in tax arrears. The attorney-general of the federation, Abubakar Malami said his office made a “high-level...
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Osinbajo launches interest-free loan scheme in Cross River
The Vice President, Professor Yemi Osinbajo, has launched the ten thousand naira collateral interest-free loan scheme, Trader Moni, in Cross River State. Professor Osinbajo launched the microcredit...
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Nigeria inflation breaks eighteen-month trend after surprise elven-point-two...
Nigeria’s inflation has increased to eleven-point-two-three percent in August 2018 from eleven-point-one-four per cent in July. The National bureau of Statistics said this in its report released today....
View ArticlePDP calls for immediate arrest, prosecution of Adeosun
Nigeria opposition party, the People’s Democratic Party(PDP), has called for the immediate arrest and prosecution of the former minister of finance, Kemi Adeosun. Adeosun resigned her appointment on...
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Lagos leads as Nigeria’s foreign debt hits twenty-two billion dollars
Nigeria’s foreign and domestic debts stood at twenty-two-point-zero-eight billion dollars and fifteen-point-six trillion naira, respectively at the end of the second quarter of this year, according to...
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China accuses US of trade bullying as new tariffs imposed
China has accused the US of trade bullying after a new round of US tariffs on Chinese goods kicked in. The US imposed tariffs on a further two hundred billion dollars’ worth of Chinese products, the...
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Billionaire Tax Debtors pay N13b to FIRS within a month
Less than a month after it commenced its substitution of accounts of recalcitrant billionaires who have not been paying commensurate taxes, the Federal Inland Revenue Service, FIRS, has announced the...
View ArticleCBN warns of another looming recession
The Monetary Policy Committee (MPR) of the Central Bank of Nigeria (CBN) on Tuesday warned that the economy may recede again into recession unless concrete steps were taken to implement the 2018...
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Nigeria, Switzerland record fifty per cent trade increase
Nigeria and Switzerland have recorded a fifty per cent increase in their bilateral trade as against previous years. This was disclosed in a document obtained by the Europe Correspondent of the News...
View ArticleWorld Bank cuts Nigeria and other African countries’ growth forecast
The World Bank has cut back on Nigeria’s growth forecast for 2018, stating that the country’s gross domestic product (GDP) will grow by only 1.9 percent — down from estimated 2.1 percent estimated in...
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