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Nigerian govt. approves monitoring, evaluation instruments for smooth execution of 2016 budget

April 21, 2016

The Federal Executive Council (FEC) on Wednesday in Abuja approved a monitoring and evaluation mechanism for the successful implementation of the 2016 budget when finally signed into law. The Minister of Bud...

China loans Nigeria $6b

Editor

April 12, 2016

African News, Nigerian News, World News

China has offered Nigeria loans worth $6bn (£4.2bn) to fund infrastructure projects in Africa's biggest economy, the Nigerian foreign minister said on Tuesday, Reuters news agency reports. "It is a credit th...

President Buhari seeks to reduce trade imbalance between Nigeria and China

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April 12, 2016

African News, Nigerian News, Spotlight, World News

President Muhammadu Buhari has urged Nigerian and Chinese business communities to work harder to reduce the trade imbalance between both countries which is currently in China’s favour. The Nigerian President...

Ghana’s new apex bank governor to tackle inflation and boost growth

Editor

April 12, 2016

African News, Spotlight

Ghana's new central bank governor said on Monday his top priority was to fight inflation, but he also wanted to pursue new policies to boost local business growth. In his first interview since being named Ba...

Cash crunch: Nigeria’s revenue agency targets N4.9trn in 2016

Editor

April 12, 2016

African News, Nigerian News, Spotlight

The Federal Inland Revenue Service (FIRS) says it is targeting a revenue of N4.9 trillion in 2016. Chairman of FIRS, Mr Tunde Fowler, disclosed this on Monday at the opening of the 134th Joint Tax Board meet...

2016 Budget: Nigeria may sell Panda Bond

Editor

April 12, 2016

African News, Nigerian News, Spotlight

Nigeria is considering selling Chinese Panda bonds to help finance the 2016 budget, its finance minister said on Saturday. The OPEC member is also looking to sell Eurobonds, apart from loans from multilatera...

Unemployment: Nigeria’s APEX bank launches youth entrepreneurship fund

Editor

March 25, 2016

Nigerian News

The Central Bank of Nigeria (CBN) has launched the Youth Innovative Entrepreneurship Development Programme (YIEDP) in furtherance of its intervention in the real sector of the economy and job creation effort. ...

Space travel: First Nigerian astronaut will be ready by 2030

Editor

March 25, 2016

Nigerian News

The Minister of Science and Technology, Dr. Ogbonnaya Onu, on Thursday in Abuja, said a Nigerian astronaut would land in space on or before 2030. Onu made the assertion when the management team of the Defenc...

NASS passes 2016 budget, retains N500bn for the poor, hopes for economic rebound

Editor

March 24, 2016

Nigerian News

Lawmakers have retained the N500 billion intervention fund for the poor in this year’s N6,077,680,000,000 budget. The Muhammadu Buhari administration plans to dole out N5,000 to the poorest in the land and f...

Opposition candidate, Patrice Talon, wins Benin Republic’s Presidential election

Editor

March 22, 2016

African News, West

Opposition candidate, Patrice Talon, has emerged winner of the presidential election in neighbouring Benin Republic after garnering majority of the ballots in the second round of polls, AFP news agency is repor...

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