The senate on Wednesday called for a review of the process that lead to the privatisation of the of the power sector because according to them the exercise has collapsed. The senators…
Read More Power sector privatisation has failed – Senate
Category: Economy
GE wins $2.2bn narrow gauge rail concession
The Federal Government on Wednesday announced that General Electric, a global conglomerate, had emerged the preferred bidder for the narrow gauge railway concession in Nigeria. It handed over the letter…
Read More GE wins $2.2bn narrow gauge rail concession
Bad news for Nigeria economy as FDI drops to $908m –NBS
The Nigeria bureau of statistics Wednesday delivered grim news on the Nigerian Economy, dashing the hope of many Nigerians ravaged by a rampant recession in the last two years. Wednesday’s…
Read More Bad news for Nigeria economy as FDI drops to $908m –NBSYou can’t achieve growth with forex distortions, Okonjo-Iweala warns
Former Minister of Finance, Mrs Ngozi Okonjo-Iweala, has said that growth and development cannot be achieved when a country has distortions in its foreign exchange rates. Speaking at the launch…
Read More You can’t achieve growth with forex distortions, Okonjo-Iweala warns
Nigeria will be out of recession in September- Emefiele
The Governor of Nigeria’s Central Bank, Mr. Godwin Emefiele said that he is confident Nigeria will get out of recession by September 2017. The Apex bank governor made the declaration…
Read More Nigeria will be out of recession in September- Emefiele