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Category: Economy

Cover Economy

National Assembly passes 2017 budget

Iheanyi Ejiofor May 11, 2017 headline

The National Assembly has passed into law the 2017 budget estimated to cost N7.441 trillion. The appropriation committees of both the Senate and the house of Representative presented their harmonised reports and the appropriation bill…

Read More National Assembly passes 2017 budget
Business Economy

FOREX: CBN approves $100m for sale at SMIS

Iheanyi Ejiofor May 9, 2017 headline

The Central Bank of Nigeria (CBN) has approved the sale of $100 million at the Wholesale Secondary Market Intervention Sales (SMIS) auction announced on Monday, May 8, 2017. The CBN…

Read More FOREX: CBN approves $100m for sale at SMIS
Business Economy

Goje submits 2017 budget report to Senate

Iheanyi Ejiofor May 9, 2017 headline

The senate committee on appropriation and finance on Tuesday submitted the 2017 budget report to the committee of the whole house of the upper legislative chamber. The report was laid before…

Read More Goje submits 2017 budget report to Senate
Business Economy

CBN pumps $81.2 m for BTA, SMEs segments, others

Iheanyi Ejiofor May 8, 2017 headline

Following last Friday’s injection of $389 million into the retail segment of the forex market, the Central Bank of Nigeria (CBN) on Monday, May 8, 2017, intervened with the sum…

Read More CBN pumps $81.2 m for BTA, SMEs segments, others
Economy

River Niger Dredging: Jonathan paid N34 billion, but it’s being executed by Buhari for N100 m – Amaechi

Iheanyi Ejiofor May 5, 2017 headline

Rotimi Amaechi, Nigeria’s Minister of Transport on Thursday said the former President Goodluck Jonathan spent N34bn to dredge the Niger, a task that was left undone and now being carried…

Read More River Niger Dredging: Jonathan paid N34 billion, but it’s being executed by Buhari for N100 m – Amaechi

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