Economy
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Windfall tax policy to entrench equitable distribution of resources for Nigerians, says Rewane
The Managing Director/Chief Executive Officer of Financial Derivatives Company Limited (FDC), Mr. Bismarck Rewane, has thrown his weight behind the Windfall Tax on financial institutions by the Federal Government, stressing that the aimed at fostering social good and entrenching equitable distribution of resources for Nigerians. The renowned economist stated this during an on-air interview on the topic: ‘Understanding the Workings…
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Edun inaugurates former Airtel Africa CEO, Segun Ogunsanya as Chairman of Nigeria Sovereign Fund
The Minister of Finance & Coordinating Minister of the Economy, Mr. Wale Edun Wale has officially inaugurated the new Board of the Nigeria Sovereign Investment Authority (NSIA) at the Ministry of Finance Headquarters. This newly appointed Board comprises distinguished professionals from various sectors, carefully selected through deliberations and recommendations made by the Executive Nominations Committee. The final approval was given…
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BREAKING: President Tinubu to meet top Chinese CEOs, seeks economic recovery
By Kunle Sanni President Bola Tinubu’s upcoming trip to the People’s Republic of China, scheduled for September, is expected to include meetings with selected chief executive officers of 10 major Chinese corporations with assets worth over $3 trillion across multiple sectors of the economy, the presidency has said. Ajuri Ngelale disclosed this on Tuesday while briefing State House reporters at…
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President Tinubu welcomes NBS Report showing continued economic growth – Presidency
KUNLE SANNI President Tinubu has welcomed the latest report by the National Bureau of Statistics (NBS) on the state of the economy, as the country’s Gross National Product (GDP) posted another growth, the Presidency has said. According to a statement Monday, issued by Bayo Onanuga, Special Adviser to the President on Information and Strategy, President Tinubu expressed his approval of the…
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BREAKING: Nigeria’s Real GDP grew by 3.19% YoY in Q2 2024
The National Bureau of Statistics (NBS) on Monday disclosed that Nigeria’s real Gross Domestic Product (GDP) grew by 3.19 per cent in second quarter of 2024 as against 2.98 per cent in first quarter of 2024. The report disclosed further that the growth rate is higher than the 2.51per cent recorded in the second quarter of 2023. The “Nigerian GDP…
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Nigeria: Okonjo-Iweala advocates policy consistency for economic development
The Director General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, has advocated policy consistency in Nigeria regardless of change from one administration to another. Okonjo-Iweala told a room filled with lawyers at the Eko Hotel & Suites in Lagos on Sunday. She added “Maintaining good economic and social policies; maintaining policy consistency and adding more reforms on top of…
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Okonjo-Iweala advocates FG’s policy consistency
The Director General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, has advocated policy consistency in Nigeria regardless of change from one administration to another. “Maintaining good economic and social policies; maintaining policy consistency and adding more reforms on top of that will lead us along the path of good progress that we all desire,” she told a room filled…
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FG, Atlanta partner on Sunflower, Jatropha Curcas export
The Federal Government of Nigeria, through the Ministry of Women Affairs and Social Development, has entered into a strategic partnership with the City of Atlanta, United States, to cultivate and export Sunflower and Jatropha Curcas. A post by the Minister of Women Affairs, Uju Kennedy-Ohanenye on her X handle on Sunday, said that the collaboration was aimed to empower women-owned…
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N598bn FPIs inflow is a remarkable stride of FG’s fiscal, monetary policies, says TDF
The Democratic Front (TDF) has hailed the influx of Foreign Portfolio Investments (FPIs) of nearly N600billion into the country as a welcome development saying this was made possible through the inventive monetary policy of the President Bola Tinubu administration. In a statement signed by its Chairman, Mallam Danjuma Muhammad and Secretary, Chief Wale Adedayo, the group said reports of a…
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FG moves to integrate agricultural insurance to NAGS-AP program amid driving food security
In a bid to curtail harvest losses due to climate change, Federal Government has expedited action to incorporate the Agricultural Insurance Scheme into the National Agricultural Growth Scheme and Agro-Pocket Program (NAGS-AP) to enhance food security and sustainability. The Chief Information Officer on behalf of Director Information, Mrs. Eremah Anthonia quoted the Minister of State for Agriculture and Food Security,…
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