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Category: Economy

Economy

World Bank agrees to give Nigeria $2.5bn loan

Iheanyi Ejiofor February 15, 2017 headline

Ebun Francis On the condition that the Country reform it’s current forex regime, the World Bank has agreed to give Nigeria $2.5bn loan. The news of the approval of the…

Read More World Bank agrees to give Nigeria $2.5bn loan
Economy

Less than one per cent of Naira notes are fake – CBN

Iheanyi Ejiofor February 15, 2017 headline

Chidi Samuel Contrary to the claim by a former Deputy Governor of  Central Bank of Nigeria, CBN, Dr Obadiah Mailafia that 20 percent of the currency in circulation nationwide is…

Read More Less than one per cent of Naira notes are fake – CBN
Economy

Economy Recovery Plan: No recommendation to raise N5trn from assets sale – FG

Iheanyi Ejiofor February 14, 2017

The Federal Ministry of Budget and National Planning says there is no recommendation to raise N5 trillion from assets sale in Economy Recovery and Growth Plan (ERGP). The clarification was…

Read More Economy Recovery Plan: No recommendation to raise N5trn from assets sale – FG
Economy

AMCON takes over OAS Helicopters

Iheanyi Ejiofor February 14, 2017 headline

Ebun Francis with agency report Less than a week after the take over of Arik Airline by the Asset Management Corporation of Nigeria (AMCON), the Corporation on Tuesday took over…

Read More AMCON takes over OAS Helicopters
Economy

Dangote Rice on the way

Iheanyi Ejiofor February 13, 2017 headline

Africa’s richest man, Aliko Dangote is set to Launch Wednesday a new subsidiary Dangote Rice, which will massively plant rice on 25,000 Hectares in Sokoto, Jigawa and Zamfara states, in…

Read More Dangote Rice on the way

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