• Buhari unveils economic recovery plan in December

    Buhari unveils economic recovery plan in December

    Following two days of brainstorming in Abuja, various teams drawn from the public and private sector have concluded work on various aspects of a new and comprehensive economic blueprint for Nigeria.

    Minister of Budget and National Planning, Senator Udo Udoma whose ministry organized the retreat stated that contrary to critics’ misleading opinion that the federal government lacks an economic programme, President Muhammadu Buhari had laid out one in his 2016 Budget speech.

    According to the minister, the president’s economic vision, the Strategic […]

  • Recession: President Buhari to launch economic recovery plan

    Recession: President Buhari to launch economic recovery plan

    President Muhammadu Buhari will inaugurate the National Economic Reconstruction and Growth plan in December, the Minister of Budget and National Planning, Senator Udoma Udo Udoma, has said.

    Udoma, who disclosed this at a National Economic Retreat in Abuja on Thursday, stated that the plan is in furtherance of the Federal Government’s efforts to reposition the country towards sustainable growth.

    The retreat was scheduled to start at 9am, but the opening remarks came at 10am.

    According to the minister, the retreat is intended to […]

  • Senate Pledges to Strengthen AMCON’s Debt Recovery Drive

    Senate Pledges to Strengthen AMCON’s Debt Recovery Drive

    The Chairman of Senate Committee on Banking, Insurance and other Financial Institutions, Senator Rafiu Ibrahim, yesterday said time would soon run out on recalcitrant obligors of the Asset Management Corporation of Nigeria (AMCON), given the renewed commitment of the lawmakers to support AMCON’s debt recovery drive.

    Members of the Senate Committee on Banking, Insurance and other Financial Institutions are in Uyo, for a three-day retreat to deliberate on the best approaches to be adopted to help the challenged Nigerian economy.

    The theme […]

  • Good News! Naira Makes Significant Recovery at the Black Market… See Current Value

    Good News! Naira Makes Significant Recovery at the Black Market… See Current Value

    The progress of the naira in the black market has become a dilly-dally trend with the greenback recovering today and falling the next.

    These are the currency exchange rates for today, November 10, 2016, powered by Zenith Bank Plc. There are reports that the demand for the dollar has been low thereby forcing an improvement of the value of Nigeria’s local

  • ASUP recommends ways to Nigeria’s economic recovery

    ASUP recommends ways to Nigeria’s economic recovery

    Kano state Deputy Governor, Professor Hafiz Abubakar, has canvased the need for a paradigm shift in Nigeria’s agricultural policy and investment in order to achieve a desired result in the economic diversification efforts.

    He made the call while declaring open the 13th national conference of the Academic Staff Union of Polytechnics (ASUP) holding in Kano.

    Professor Abubakar said that for a long time Nigeria’s agricultural policy has been concentrating on promotion of production aspect, while ignoring other value chain of the sector.

    “For […]

  • Recession: Saraki, Aregbesola, Sanusi list conditions for recovery

    Recession: Saraki, Aregbesola, Sanusi list conditions for recovery

    Policymakers and Nigerians at large have been advised to focus on the real economic issues that have pushed Nigeria’s economy into crisis, with a view to exiting the current economic crisis.

    The President of the Senate, Dr Bukola Saraki, the Osun State governor, Rauf Aregbesola and Emir of Kano, Muhammadu Sanusi II, who gave the advice, also listed conditions necessary to exit recession and avoid future chaos.

    They spoke in Lagos at the weekend during The Point Newspaper’s public presentation and first […]

  • Naira Makes Stunning Recovery in the Black Market … See Current Value

    Naira Makes Stunning Recovery in the Black Market … See Current Value

    The Nigerian local currency is on a shortcut to impressive recovery against the dollar following the issuance of license to Travelex which is currently dealing with the black marketers.

    These are the currency exchange rates for today, October 14, 2016, powered by Zenith Bank. The introduction of Travelex by the Central Bank of Nigeria has been reported to be the catalyst to the quick recovery process of the

  • The journey to recovery has begun, says Tinubu

    The journey to recovery has begun, says Tinubu

    Former governor of Lagos State and national leader of the ruling All Progressives Congress (APC), Asiwaju Bola Tinubu, has described Nigeria’s current situation as a necessary rite of passage for any country desirous of greatness.

    In a statement by his media aide, Mr. Tunde Rahman, Tinubu bemoaned that after 56 years of political independence, Nigeria is not where it should be, even though it has witnessed appreciable progress, saying the country’s political, social and economic foundations need to be reworked and […]

  • Economic recovery policy will bring hope for Nigeria – ICAN

    Economic recovery policy will bring hope for Nigeria – ICAN

    According to reports, the Institute of Chartered Accountants of Nigeria on Friday renewed its support for the various economic policies of the administration of President Muhammadu Buhari, saying there is hope for Nigeria.

    The President of ICAN, Deacon Titus Soetan, who led a delegation of the institute’s executives to the Minister of Finance, Kemi Adeosun, said the current initiatives of the Minister were capable of taking the nation out of its current economic woes.

    The Minister, in her welcome address, said: “As […]

  • Recession: Practical solutions vital for economic recovery, says Buhari

    Recession: Practical solutions vital for economic recovery, says Buhari

    President Muhammadu Buhari has said the current economic recession requires out-of-the-box solutions to steer the country on the path to recovery

    The president also hinted that some ministries and agencies will get less allocations in the 2017 budget than they received in 2016 while some will get more.

    Speaking at the one-day retreat on the economy yesterday at the Presidential Villa, Abuja, with the theme: “Building Inter-ministerial Synergy for Effective Planning and Budgeting in Nigeria”, Buhari noted that the theme is very […]

  • Recession: Osinbajo optimistic about recovery

    Recession: Osinbajo optimistic about recovery

    The Vice President, Prof. Yemi Osinbajo, has attributed the current economic recession in the country to the sharp drop in power generation, occasioned by vandalism by militants and the looting of the treasury among others.

    He said that the federal government remains focused and resolute in the quest to revamping the economy.

    He was speaking in Abeokuta, the Ogun state capital after an event and a visit to the Ogun State Governor, Ibikunle Amosun at the government house in the state capital.

    The […]