“You only have to do a very few things right in your life so long as you don’t do too many things wrong”- Warren Buffet The Warren Buffet quote is particularly important at a time of growing uncertainty in global capital markets. The Nigerian capital market in 2019, for instance, saw a two-track development of…
ECONOMY
A passion for food wins contest on innovative thinking
Winning an award was never part of Sylvie Ogoudedji’s expectations when she joined the Economic Commission for Africa (ECA) as a fellow in 2019. It was during her induction that she learned of ECA’s Innovation Challenge for the first time. What got her “really excited” was a new understanding – after a Google search –…
Nigeria’s economy will witness significant boost next year – Lawan
…Senate passes N278.3bn budget for FCT, adjourns till January 28, 2020 President of the Senate, Ahmad Lawan, has said that the passage of the 2020 Budget by the National Assembly and its prompt assent by President Muhammadu Buhari will have significant impact on the country’s economy starting from January next year. Lawan stated this on…
Extreme poverty, inequality among Africa’s top challenges, ECA’s Ruzvidzo says
Eradicating extreme poverty and reducing inequality remain some of Africa’s biggest challenges which the Economic Commission for Africa (ECA) is trying to help member States tackle through various policy recommendations and actions. This was said Thursday by Ms. Thokozile Ruzvidzo, Director of the Gender, Poverty and Social Policy Division at the ECA, in remarks to…
Economic diversification: Partner with private sector to promote investments, Senate tells FG
***Advocates tax holidays for investors in agricultural, minerals sector The Senate has called on the Federal Government to partner with States, Local Governments and the Private Sector in infrastructure development to promote private investments in Nigeria. The upper chamber also advocated tax holidays for investors in the solid minerals sector while it urged the Federal…
Mining Ministers, commissioners, stakeholders storm Ekiti
…..AS STATE HOSTS COUNCIL ON MINING AND MINERALS RESOURCES DEVT No fewer than 3,000 critical stakeholders in the mining sector, drawn from the 36 states will converge on Ado- Ekiti, Ekiti State Capital on this week as the third edition of the National Council on Mining and Mineral Resources Development (NCMMRD) takes place between Wednesday…
CBN issues Revised Guidelines for Registration Of CIT, Currency Processing Companies
In order to enhance the efficiency and cost-effectiveness of currency management, facilitate the generation of fit Naira banknotes for payment, promote the use of shared facilities to drive down currency management cost, engender healthy competition among service providers and ensure product quality, integrity and standardization in Nigeria, the Central Bank of Nigeria (CBN) hereby mandates…
‘A trip to Seme-Krake: mending the cracks in the Benin-Nigeria trade relationship’ by David Luke, Gerald Masila
On 21 August this year, the Seme-Krake border between Nigeria and Benin was closed without prior notice. This was part of a broader crackdown by the Nigerian authorities to close all land borders between Nigeria and it’s neighbouring countries. Today, over two months later, the border remains closed, with vehicles piled up on either side….
Thoughts on Nigeria’s rice bubble – Fasua
The bubble was created by the people, amplified and accelerated by the government. Profited by hardboiled bloodsucking politicians and many more predators who enjoy things like these, writes Tope Fasua in Currentschoolnews. I have never got involved in the rice debate. I usually try not to move with the motley crowd and I believe this…
We’ve remitted over N11.68bn to FG in eight months -NIS
The Nigeria Immigration Service (NIS) says it has remitted over N11.68 billion and 22,972 dollars in eight months into the Federation Account. The Comptroller General (CG), NIS, Muhammad Babandede, said this at the Comptroller General’s annual workshop on Thursday in Benin, Edo State. Babandede said that NIS was not only a key security agency of…