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Category: Economy

Business Economy headline

Nigeria to remove fuel subsidy gradually- Finance minister

Iheanyi Ejiofor April 12, 2019 No Comments

Ebun Francis| Finance Minister, Mrs. Zainab Ahmed, on Thursday, said the federal government accepts the International Monetary Fund’s (IMF’s) advice on subsidy removal but said the process will be done…

Read More Nigeria to remove fuel subsidy gradually- Finance minister
Business Economy

800 companies bid for 176 gas flare sites — Kachikwu

Iheanyi Ejiofor April 12, 2019 No Comments

No fewer than 800 companies have bidded for management of 176 gas flare sites in the country, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said. Kachikwu…

Read More 800 companies bid for 176 gas flare sites — Kachikwu
Business Economy headline

IMF urges Nigeria, others to remove subsidy

Iheanyi Ejiofor April 12, 2019 No Comments

Ebun Francis| The managing director of the International Monetary Fund, Christine Lagarde on Thursday said Nigeria and other countries have spent $5.2 trillion on fuel subsidy since 2015. The IMF…

Read More IMF urges Nigeria, others to remove subsidy
Business Economy

Tony Elumelu Foundation Hosts European Commission in Brussels

Iheanyi Ejiofor April 11, 2019 No Comments

At a time when Europe’s relationship with Africa is high on foreign policy and developmental agendas and with the European Union beginning to deliver on its 2017 External Investment Plan,…

Read More Tony Elumelu Foundation Hosts European Commission in Brussels
Economy headline

IMF worries over Nigeria’s capacity to repay N24.39tn debt

Iheanyi Ejiofor April 11, 2019 No Comments IMF worries over Nigeria’s capacity to repay N24.39tn debt

THE International Monetary Fund, IMF, on Tuesday, expressed worry over Nigeria’s ability to repay its foreign debt which had continued to rise. Though it said conditions were favourable for the…

Read More IMF worries over Nigeria’s capacity to repay N24.39tn debt

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