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Tag Archives: Economy

Mohaz group builds largest poultry farm in South-east

AT a time the Federal Government is seriously pursuing diversification of the economy, with agriculture as the major focus, the South-East may soon become the highest supplier of chicken and eggs in the country, with the massive investment in this line of business of late. At Umueze village, in Ihiala …

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South Africa: Ratings Agency Downgrades Credit Rating to ‘Junk’ Status

The credit ratings agency Standard & Poor’s has downgraded South Africa’s foreign currency sovereign credit ratings to below investment status. The move, widely predicted in the wake of President Jacob Zuma’s firing of finance minister Pravin Gordhan and his deputy, Mcebisi Jonas, is likely to make borrowing more expensive, result …

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Cross River: Superhighway Threatens To Displace 50,000 Inhabitants

Cross River

Cross River used to be known as an area with some of the oldest tropical rain-forests in the West African region, with mangrove swamps on the coastal zones and some of the rarest species of organisms to boot. However, that reserve along with the famous Cross River National park, Ukpong …

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Nigeria: The next chapter – Charles Weller

Nigeria: The next chapter

Nigeria presents an interesting tale of seemingly opposites in the African growth agenda. Simultaneously taking pole position as the largest economy in Africa in 2016 and yet suffering from its worst recession in 25 years is indicative of both the ups and downs that the country’s economy has been through. …

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Africa: China’s China?

Addis Ababa China

A night-time drive down Addis Ababa’s main thoroughfare Bole Road and you can’t help noticing the multiplying number of Chinese restaurants, distinctive illuminated Chinese characters on signs bright against the Ethiopian night and signaling Chinese interest in developing markets. A significant Chinese presence in Ethiopia – as across much of …

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Customs suspends vehicle duty policy

Comptroller-General-of-Nigeria Customs Service Hameed-Ali

The Nigeria Customs Service (NCS) has suspended  the implementation of its policy for duty payments on old vehicles, in order to resolve issues with the Senate Committee on Customs. The Acting Public Relations Officer of the NCS, Mr Joseph Attah, said this on Wednesday in Abuja. Attah said in a statement, that …

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FG set to relaunch repackaged YouWiN

YouWiN

The Federal government is set to launch a re-designed Youth Enterprise With Innovation in Nigeria, YouWiN programme, the Finance ministry said Thursday. The YouWin programme, initiated by the administration of former president Goodluck Jonathan in 2011 as part of the government’s job creation initiatives, provides grants to Nigerians to start small …

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Nigeria to expand treasury single account coverage – Minister

Kemi-Adeosun, Finance Minister

The Minister of Finance, Kemi Adeosun, on Tuesday said the Federal Government was determined to expand the coverage of the Treasury Single Account (TSA) to cover more agencies in 2017. Speaking in Abuja at the opening of a two-day retreat on the TSA, the Minister, who described the implementation of …

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Islamic banking in Nigeria

Islamic banking in Nigeria. Products and Challenges in Nigeria

In January 2012, the Central Bank of Nigeria granted Jaiz Bank an approval in principle to operate as a regional interest-free bank in northern Nigeria.  As a result of that, Jaiz bank became the first and the only full-fledged Islamic banking in Nigeria.  Islamic banking is based on the principles …

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FG to fund 2017 budget with recovered loots

Nigeria Did Not Cut Ties With Taiwan; Presidency

The President Muhammadu Buhari led Federal Government has proposed to fund part of the 2017 budget deficit of N2.69 trillion from monies recovered from looters. As Nigeria continues to battle economic recession, the President Muhammadu Buhari led Federal Government has proposed to fund part of the 2017 budget deficit of …

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