Trump To Call Buhari Today
According to the Africa correspondent for The Globe and Mail , Trump will be calling President Buhari, today at 3:45 Nigerian time. He will also be calling President Jacob Zuma of South Africa and Justin Trudeau, the Prime Minister of Canada.
FCMB Disburses N3bn SMEs To Accelerate Economic Development
FCMB is one of the banks which has continued to deepen its support to SMEs in Nigeria by disbursing over N3 billion to such businesses in the last 18 months. The development has led to an increase in the number of SME operators that have benefitted from the funding support of the bank across the country.
Private Sector Investment In Research Will Boost Local Production – Onu
The Minister of Science and Technology, Dr. Ogbonnaya Onu, has called for increased private sector investment in research and commercialisation in order to boost local of production of made in products. He noted that there is need for the private sector to partner the federal to improve research and innovation works to serve the needs of local, and international market.
Nigeria And China’s Strike Economic Deal
According to the Managing Director of Nigerian Railway Corporation, Mr. Fidet Okheria, with the approval of the funds by the Chinese Exim Bank, all was set for the commencement of the construction of the modern rail line from Lagos to Ibadan.
Nigerian Economy ‘shrunk By 1.54% In 2016’
According to a Budget Ministry document, Nigeria’s economy is projected to have contracted by 1.54 percent in 2016, in its first recession in a quarter of a century. Nigeria is heavily dependent on crude oil exports to fuel its economy, but low global prices and militant attacks on the southeastern Delta oil hub have hammered those exports and slashed government revenues.
N’Delta Stakeholders Warn Against Open Destruction Of Illegal Refineries
In a communique released at the end of the quarterly meeting of the Multi-stakeholder Platform (MSP) on Oil Spill in the Niger Delta, stakeholders said the open destruction of illegal refineries by soldiers was capable of further destroying the ecosystem of the region.
Food Prices Expected To Crash As Fertiliser Bill Nears Passage
Stakeholders in the agriculture sector have commenced the review the fertilizer quality control bill, so as to checkmate adulteration of the farm input and boost food production in the country. When passed into law, the bill is expected to crash the high food prices as fertiliser is properly deregulated and made readily available to farmers at reasonable prices.
NAICOM To Sanction Underwriters For Late Submission Of Financial Accounts
Nigerian insurance firms, whose financial accounts are yet to be submited before March 31, 2017, would be barred from engaging in further business activities, industry regulator, National Insurance Commission (NAICOM), has revealed. The Commission affirmed that it would take action against officials responsible for financial reporting, as well as publish the compliance status of insurance firms on its website for public guidance.
Nigeria Remains Investors’ Priority, Says BON Hotels Boss
The Chief Executive Officer, Bon Hotels Grand Pela and Suites, Mr. Peter Nwakeze has said that the country remained a viable investment destination guaranteed to yield maximum returns notwithstanding the current global economic situation. He also said local and international investors should take a cue from the multi billion investment that had been made by his company in the tourism and hospitality sectors.
Injection Of Money In Economy End Recession –Tambuwal
The Governor of Sokoto State, Aminu Waziri Tambuwal has said one of the ways Nigeria will come out of recession is for the Federal Government to inject money into the economy. He said the release of the Paris Club money to states and local government by the Federal Government will help in this direction.