Category: Economy

POLICY SUMMERSAULT: FG TO WIND UP NERFUND OVER 17.5BIL BAD LOANS

N17.5bn Bad Loans: FG To Shutdown NERFUND leadership.ng / Kreazetofa Odey / 2 hours ago By MARK ITSIBOR, Abuja with agency report The federal government has begun plans to shut down the National Economic Reconstruction Fund (NERFUND) over non-performance and non-performing loans of over N17.5 billion. A source at the Federal Ministry of Finance, […]

GOOD NEWS: FG RELEASES 100BIL TO CONTRACTORS

Contractors got a piece of good news yesterday. The Federal Government has released the proceeds of the N100 billion Sukuk bond to 25 key economic road projects of the Federal Ministry of Power, Works and Housing. Finance Minister Mrs. Kemi Adeosun, yesterday in Abuja, handed over the cheque to Minister of Power, […]

BUHARI HAS NOT DONE ENOUGH FOR THE ECONOMY SAYS OBASANJO

Former president of the federal republic of Nigeria, Chief Olusegun Obasanjo has stated that president Muhammadu Buhari has not done enough to tackle Unemployment and the economic recession. Obasanjo speaking with African arguments in a recent interview said: “Buhari has made some announcements. He has tried to keep on going […]

BUHARI: ECONOMY IS IMPROVING, LABOUR PARTY: NO, IT IS NOT

Olusola Fabiyi, Everest Amaefule, Olalekan Adetayo, Ifeanyi Onuba and Okechukwu Nnodim President Muhammadu Buhari on Monday said he was pleased with the progress being witnessed in all sectors of the economy. He expressed gladness that things were looking up after two years of what he called serious hard work. According to […]

NUMBER OF AIR TRAVELLERS TO LAGOS DROPS

An analysis of seat capacity for travel to the top 10 international airports in Africa produced by ForwardKeys revealed that Lagos is seeing substantial decline in both domestic and international capacity, mainly because Arik Air is cutting 53 per cent of its seats for the rest of 2017. During the […]