Tuesday , February 28 2017
Home / Economy

Economy

FG adopts 60-day national action plan on ease of doing business

    Committed  to achieving its objective of creating a conducive business environment in Nigeria, the Presidential Enabling Business Environment Council (PEBEC) chaired by Acting President Yemi Osinbajo, SAN has approved a 60-day national action plan to push through short term reforms. The Acting President, who addressed journalists after the ...

Read More »

FG Budget Support Facility: Accounting Firms Begin Verification Process in States

As the Federal Government continues its monthly Budget Support Facility to the States, a verification process to ensure that benefiting State governments comply with the mutually agreed Fiscal Sustainability Plan prescribed by the National Economic Council, NEC, has started. This disclosure emerged at the first NEC meeting this year, presided ...

Read More »

YouWiN!Connect Enterprise Education Programme Takes Off

A weekly print media enterprise education programme designed to assist entrepreneurs start, plan and grow their businesses would be launched by the Youth Enterprise With Innovation in Nigeria (YouWiN!Connect) on Sunday, February 19th, 2017. The publication would be syndicated in five national newspapers on Sundays and Wednesdays. Minister of Finance, ...

Read More »

More Taxpayers Rather Than Higher Rates

A statement by the federal minister of budget and national planning, Udo Udoma, to the National Assembly on Monday noted that the 2017 budget proposals do not incorporate any increases in tax rates. The FGN’s focus is to extend coverage and compliance. There is clearly room for improvement. Only five ...

Read More »

Adeosun: FG to Expand TSA Coverage

  The Minister of Finance, Mrs. Kemi Adeosun on Tuesday said the Federal Government is determined to expand the coverage of the Treasury Single Account (TSA) to cover more agencies in 2017.   Speaking in Abuja at the opening of a two-day retreat on the TSA, the Minister, who described ...

Read More »

FG successfully raised US$1 billion to finance part of the 2016 budget

The Federal Republic of Nigeria (the “Republic”) today announces that it has priced its offering of US$1 billion aggregate principal amount of notes (the “Notes”) under its newly established US$1 billion Global Medium Term Note programme. The Notes will bear interest at a rate of 7.875% and will mature on ...

Read More »

Multi-Level Marketing and Ponzi Schemes Used To Cushion The Effect Of Economic Downturn

Latest public opinion poll results released by NOIPolls Limited have revealed that in quarter 4 2016 Nigerians turned to Multi-level Marketing and Ponziy schemes to cussion the effect of the economic downturn as 68 percent disclosed their participation or that of someone they know in such  schemes. Among all the ...

Read More »

Lagos State sets up 12-member economic advisory committee

The Lagos State Government on Wednesday created a 12-member Economic Advisory Committee headed by renowned accountant and financial expert, Dr Bode Agusto to spearhead the State Government’s drive to improve the business environment and advance the economic development of the State. This was disclosed in a statement issued by the ...

Read More »