Browsing category
The newly launched United Nation Food and Agriculture Cadre Harmonisé report has revealed that nine million people in 16 northern states may experience food insecurity between the period of March and August 2017. The investigation carried out in 16 states of Adamawa, Borno, Yobe, Kastina, Kebbi, Sokoto, Gombe, Bauchi, Kano, Kaduna, Plateau, Niger, Taraba, Zamfara, […]
Ms Malu Dreyer, Head of Bundestrat, the Upper Chamber of the German Parliament, has pledged Germany’s support to Nigeria in its economic recovery effort. Dreyer, who spoke at the weekend while receiving a delegation of the Nigeria Senate led by its President, Dr Bukola Saraki, in Berlin said that Nigeria deserved the support of Germany […]
— CBN intervenes in forex market again, releases $100m The Federal Government expects the economy to climb out of recession and grow 2.19 percent this year, according to the Ministry of Budget and National Planning, which unveiled the Economic Recovery and Growth Plan (ERGP) 2017-2020 yesterday. In a statement made available to the media yesterday […]
Experts have said that global efforts on food production must double by 2050 to feed the world’s growing population. This truism has been repeated so often in recent years that it has become widely accepted among academics, policymakers and farmers, but now researchers are challenging this assertion and suggesting a new vision for the future […]
With the current exchange rate policy of the Central Bank of Nigeria among others, a Professor of Resource Economics, Quantitative Techniques and Economic Planning in the Benson Idahosa University, Prof. Rex Oforitse Aruofor, has predicted that the economy may soon recover from recession. Speaking at the 6th Inaugural Lecture Series of BIU with the theme, […]
With huge infrastructural gap and inadequate finance, Nigeria is faced with the onerous task of stable economic development in pace with its growing population. In this report, OLUSHOLA BELLO writes that the move to launch Africa’s first-ever climate-related bond by Nigeria may open up another vast opportunity to develop major infrastructures It is widely recognized […]
As the National Assembly begins a public hearing on the 2017 Budget, finance experts and capital market analysts have expressed optimism that the budget will give a lift to market performance and further boost investors’ returns. Specifically, they said sectors like construction will recieve further boost once government begins releases of the N529 billion capital […]
The dollar recently fell, exchanging for N470 in three days of trading at the parallel market. But to what extent has this change influenced prices of goods in the country? In a store in Utako Market, Ahmed Kabir is surrounded by an assortment of jewellery, wristwatches, lip gloss, containers of face powder and a variety […]
Representative of the President of the Dangote Group and Deputy Managing Director, Dangote Flour Mills, Alhaji Ahmed Yakasai, has said that the cooperation between the Dangote Group and the Kaduna Chamber of Commerce Industry Mines and Agriculture, (KADCCIMA), has been helping to ginger the country’s economy. Alhaji Yakasai who said this at the Dangote Special […]
The federal government has said Nigerian economy performed better than expected in 2016 though the nation is still in the early stages of recovery. The Special Adviser to the President on Economic Matters, Adeyemi Dipeolu, stated this while reacting to the GDP figures released on Tuesday by the National Bureau of Statistics. He said though […]
♦ Presidency says country is on the mend, recession may have bottomed out ♦ NNPC puts oil production at 2.1mbpd The Nigerian economy contracted by 1.5 per cent in 2016, the first full-year contraction since 1991, and slightly beat the forecast by the International Monetary Fund (IMF), which initially predicted a contraction in the country’s […]
African Heads of State at the 23rd Ordinary Session of the African Union (AU) in Malabo, Equatorial Guinea, in June 2014 adopted the “Malabo Declaration’’ to accelerate agricultural growth and transformation to lift Africa out of poverty. The 2014 declaration was a formal commitment by AU Heads of States and Governments to provide effective leadership […]
A retired professor in the Department of Agricultural Engineering, University of Ibadan, Emmanuel Lucas, says forests have the potentials to rescue Nigeria from economic recession. Lucas made the remark at the 39th annual conference of the Forestry Association of Nigeria (FAN) held in Ibadan with the theme “ Harnessing the Uniqueness of Forests for Sustainable […]
The Central Bank of Nigeria has concluded moves to fund commercial banks with additional foreign exchange to carter for school fees, medicals and personal traveling allowance (PTA) and Business Travel Allowance (BTA) at a special rate of N375 to a dollar. Acting Director, Corporate Communications, CBN, Isaac Okoroafor, who dropped this hint when he was […]
Mr Godswealth Henry, the Managing Director, JEKON Integrated Farms Nig. Ltd., says Nigerian palm oil is the cheapest in international market because Nigeria exports low quality palm oil. Henry told the News Agency in Nigeria (NAN) in Lagos on Thursday that the palm oil produced in Nigeria was not readily accepted in the international market […]