The Senate on Wednesday passed the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) ahead of the expected laying of the 2022 Appropriation Bill before the joint session of the two chambers of the Legislature by President Muhammadu Buhari. The passage of the 2022-2024 MTEF/FSP was sequel to the consideration of the report […]
The Director-General of the Progressives Governors Forum (PGF), Alhaji Salihu Lukman, has appealed to the Federal Government to do more public enlightenment on the rising public debt stock, particularly on latest moves to borrow more from external creditors to fund the 2021 budget deficit. Lukman, who made the appeal in a statement on Wednesday, also […]
The Director General of National Information Technology Development Agency (NITDA), Mr. Kashifu Inuwa Abdullahi, on Wednesday described digital entrepreneurship as key to achieving sustainable growth of the nation’s digital economy. Abdullahi, who made the remark at a one-day action oriented round table/interface organised by Civil Society Groups for Good Governance with the theme ‘Maximizing Potentials […]
The National Bureau of Statistics (NBS) on Wednesday reported that Nigeria’s All- products terms of trade (TOT) index decreased by 0.35 per in the second quarter (Q2) of the year. The official statistics producing agency attributed the marginally decline to drops in the prices of live animals, animal products, wood and articles of wood; wood […]
UK manufacturing industry order books in September rose to the highest level ever, while export order books also improved to their strongest since March 2019. The country’s latest monthly CBI industrial trends survey indicated that total order books, in the survey conducted across 273 manufacturing firms improved further over the preceding month’s strong results. Despite […]
As prospects for more crude oil demand continue to brighten as global activity picks up steam amid shortfalls in Organisation of Petroleum Exporting Countries (OPEC) member-countries subsist, Nigeria on Tuesday indicated intention to formally seek upward review of its production quota by the oil cartel. Currently indications showed that underinvestment and maintenance work had hampered […]
The International Labour Organisation (ILO) today strongly advocated the implementation of the Sustainable Development Goals (SDGs) as they relate to social protection and job security as the COVID-19 pandemic continues to ravage national economies on a worrisome scale. The global labour organisation is participating in a series of events at the 76th session of the […]
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, on Tuesday charged tax regulators and other industry stakeholders to rise up to the challenge of being in a position to tap into the stream of opportunity that advancements in science and technology afford them as a strategic option of improving their […]
The United States’ current account deficit widened by $0.9 billion, or 0.5%, to $190.3 billion in the second quarter of 2021 The deficit figure was announced on Tuesday by the Commerce Department which also reported that the second quarter deficit was 3.3% of current dollar gross domestic product (GDP), down from 3.4% in the first […]
The African Development Bank’s Sustainable Energy Fund for Africa (SEFA) has approved a $1 million grant for the modernisation of Africa’s hydropower fleet. A statement on the facility indicated that the modernisation of hydropower stations constituted an opportunity to increase generation capacity at a low cost, with relatively short lead times and minimal environmental impact. […]