The Lagos Chamber of Commerce and Industry (LCCI) on Friday reiterated the need for the Federal Government to show more commitment to the promotion of investment-friendly policies as a strategic option of attracting capital into the economy and positioning it on the path of sustainable growth. The President of the organized private sector (OPS) group, […]
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has described the the nation’s capital market as crucial to Nigeria’s sustainable development. Ahmed stated this in a keynote address at the Investing and Capital Market conference held on Thursday in Abuja, She said: “We want a vision for a future Nigeria where the […]
Auditors General in the country have identified the absence of an enabling law that will guarantee administrative and financial autonomy for the Office of the Auditor-General for the Federation, and enhance its efficiency and effectiveness, as the most critical challenge currently facing audit institutions in the country. The professionals raised this issue at the the […]
The World Bank has reported that Nigeria now ranked 131st position in the global Ease of Doing Business, indicating that the country moved up by 15 places from the 146 position it was ranked in 2019. The Breton Wood institution stated this in its latest Ease of Doing Business ranking report published on Thursday. The report indicated that amongst the factors that influenced the country’s […]
The Acting Director General of the Securities and Exchange Commission (SEC), Ms. Mary Uduk, at the weekend hinted of arrangements being made by the commission to design a framework that would regulate the use of crowdfunding by small businesses to raise capital in the Nigerian Stock Exchange. Uduk, who gave this hint while interacting with […]
The Director General of the Bureau of Public Enterprises (BPE) Mr. Alex A. Okoh, on Sunday confirmed that the privatization agency had so far generated N135 billion out of the N220 billion set for it as revenue target for 2019 fiscal year. Okoh, who disclosed this during an interactive forum with the Senate Committee on […]
The International Monetary Fund (IMF) has reiterated its support for the Central Bank of Nigeria’s (CBN’s) sustained tight monetary policy and other measures being implemented to stabilize the Nigerian financial system and improve the nation’s economic growth. The support was expressed by the multilateral financial institution’s Chief Economist and Director of Research Department, Gita Gopinath, […]
The Accountant-General of the Federation (AGF), Ahmed Idris, has said that ongoing reforms in the global space, more particularly in Nigeria, are being implemented by governments to improve the efficiency and effectiveness of public governance. Idris made this remark on Wednesday when the Director General of Bureau of Public Service Reform (BPSR) Mr. Dasuki Arabi […]
The National Bureau of Statistics (NBS) on Wednesday released the Nigerian Gross Domestic Product (GDP) Expenditure and Income Approach Report for the third and fourth quarters of 2018 and the first quarter of this year, which indicated that in the first quarter of 2019, real GDP grew by 2.10%. The growth trend indicated a faster […]
Nigeria’s consumer price index, (CPI) which measures inflation, increased by 11.24 percent (year-on-year) in September 2019, representing 0.22 percent points higher than the 11.02% recorded in the preceding month. The National Bureau of Statistics (NBS) attributed the marginal rise of the rate to increases in all the Classification of Individual Consumption by Purpose (COICOP) divisions […]