Economy

ESIKPOGHO VERSUS TITIBITI: LESSONS TO LEARN IN GOVERNANCE AND MAKING A CHOICE

The recent political development in Lagos state as it relates to choice of governorship candidate of the ruling party and the dismal choice of successor to Fayose single handedly made by Fayose of Ekiti state prompted my review of political game and absence of deep thought process as well as non-appreciation of impact of few words of wisdom from the ...

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Oyo State Government denied involvement in demolition of Ayefele’s radio station

The Oyo State Govt has denied involving in the demolition of Yinka Ayefele’s radio station ,fresh fm. This was revealed according to Fresh Fm’s facebook handle.Read details below The Oyo State Government on Monday denied the demolition of the music house of gospel musician, Yinka Ayefele, in Ibadan. The government also expressed shock about the demolition, saying it was preparing ...

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Dogara assures, says 2017 Appropriation Bill will passed in January

The Speaker, House of Representatives, Yakubu Dogara has assured that the National Assembly would expedite action toward consideration and passage of the 2018 Appropriation Bill for assent by January 2017. Dogara said this in Abuja while delivering a vote of thanks at the presentation of 2018 Budget proposals, estimated at N8.61 trillion to the National Assembly by President Muhammadu Buhari. ...

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Buhari presents N8.61t 2018 budget to National Assembly

President Muhammadu Buhari has presented about N8.612 trillion as the 2018 Appropriation bill to a joint session of the National Assembly, saying the projected expenditure would drive rapid economic recovery. He said at the sessionon Tueday that with a benchmark of 45 dollars per barrel at an exchange rate of N305 to a dollar in 2018, the budget would consolidate ...

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We are ready to engage Niger Delta Avengers – FG

The Federal government has said it is ready to engage with Niger Delta Avengers and other groups if they make their interests known. This was said by the Minister of Niger Delta Affairs, Mr Usani Uguri, after he met with President Muhammadu Buhari at the State House in Abuja, today, November 6. He also debunks allegations that the government is ...

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Oil hits hits $62 amid tightening markets, Saudi purge

Oil prices hit their highest levels early on Monday as markets tightened, while Saudi Arabia’s crown prince cemented his power over the weekend through an anti-corruption crackdown that included high profile arrests. Brent futures, the international benchmark for oil prices, hit 62.44 dollars per barrel early on Monday, their highest level for years now. U.S. West Texas Intermediate (WTI) crude ...

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AfDB lauds Nigeria economic progress, says no move to call off loans

The management of the African Development Bank has debunked the news making the rounds suggesting that the bank has called off loans to the country. Rather in a statement issued by the Director, Communication and External Affairs, Dr. Victor Oladokun on Tuesday, the bank lauded the country’s economic recovery efforts as well as its moves towards diversification of the economy. ...

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Oil prices set to hit $70 as OPEC supply cuts tighten market

Oil prices were up early on Tuesday, supported by a tightening market due to ongoing OPEC-led efforts to cut supplies, although the prospect of rising U.S. shale output dragged. Brent crude futures, the international benchmark for oil prices, were at 60.84 dollars per barrel at 0027 GMT. Brent was 60.91 dollars on Tuesday. U.S. West Texas Intermediate (WTI) crude futures ...

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We’ll use $3bn of $5.5bn loan to refinance past debt – Adeosun

The Minister of Finance, Mrs. Kemi Adeosun has revealed that the Federal Government would apply the sum of US$3 billion in refinancing the legacy debts inherited from the immediate past government. This information is contained in a statement issued by the minister’s media aide, Mr. Oluyinka Akintunde on Wednesday, wherein he stated that the outlay is part of the US$5.5 ...

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Nigeria must borrow responsibly – Shehu Sani

The Chairman, Senate Committee on Local and Foreign Debts, Senator Shehu Sani, says if Nigeria must borrow, it must borrow responsibly. Sani gave the advice in a meeting with the Ministers of Transportation; Finance; Budget and National Planning and Power, Works and Housing on Thursday in Abuja. The meeting was in connection with President Muhammadu Buhari’s loan request of 5.5 ...

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