Tag: economy

Next IMF loan will be ‘the last’: Pakistan finance minister
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Next IMF loan will be ‘the last’: Pakistan finance minister

Pakistani vendors wait for customers at a market in Karachi on October 9, 2018. – The International Monetary Fund said October 9 Pakistan has not approached the body to begin negotiations for a possible bailout to stem a balance of payments crisis, hours after Islamabad announced it will enter talks. […]

BIS warns global economy risks crisis ‘relapse’
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BIS warns global economy risks crisis ‘relapse’

Bank of International Settlements The Bank of International Settlements said Sunday the global economy risked a “relapse” of the crisis that rocked it a decade ago, warning there was little “medicine” left to treat the patient a second time. “Things look rather fragile,” BIS chief economist Claudio Borio told reporters […]

‘Proposed five per cent credit facility to MSMEs will stimulate economy’
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‘Proposed five per cent credit facility to MSMEs will stimulate economy’

NACCIMA President, Iyalode Alaba Lawson The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has stated that the proposed five per cent credit facility for Micro, Small and Medium Enterprises(MSMEs) will help to stimulate the economy. Indeed, the Vice President, Prof. Yemi Osinbajo, had announced that government […]

Diamond Bank grows three million new customers in Q2
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Diamond Bank grows three million new customers in Q2

PHOTO: nigerianbulletin.com Diamond Bank ‘s second quarter (Q2) unaudited financial report for the period ended June 30, 2018, made available to the Nigerian Stock Exchange (NSE), showed that the digital strategy adopted to grow the retail business attracted additional three million new customers.     The bank said the improved […]

Osinbajo charges capital market regulators on long-term funding
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Osinbajo charges capital market regulators on long-term funding

Osinbajo, who spoke at the Second Capital Market Stakeholders’ Forum in Abuja. Vice President Yemi Osinbajo yesterday urged stakeholders in the financial sector to find leeway to the challenge of funding that is affecting investment in the country. Osinbajo, who spoke at the Second Capital Market Stakeholders’ Forum in Abuja […]

‘Lower purchasing power, fund costs, credit risks challenge economy’
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‘Lower purchasing power, fund costs, credit risks challenge economy’

International Monetary Fund It is not yet over, according to the officials of the International Monetary Fund (IMF), who came to Nigeria on economic assessment, as the touted non-oil sector and consumer purchasing power were rated low, while risks against banks’ lending and interest payment on debts remain elevated.   […]

Experts task government on insurance adoption to boost economy prosperity
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Experts task government on insurance adoption to boost economy prosperity

Jim Ovia To break the poverty cycle and ill-health in Nigeria, there is a need for federal government to make insurance adoption a priority, stakeholders in the industry have said. The stakeholders, who spoke at just concluded 2018 National Insurance Conference, with the theme: “Insurance Industry & Financial Inclusion,” in […]

Downtime in manufacturing: Worries as country decelerates into trading economy
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Downtime in manufacturing: Worries as country decelerates into trading economy

Nigercem fcatory Last month, the President of African Development Bank (AfDB) Group, Dr. Akinwunmi Adesina, at the opening session of lender’s yearly general meeting, expressed worry that Nigeria and other African countries were de-industrialising.      This, according to him, is because between 2012 and 2018, Africa’s industrial value-added declined […]

Investments in syringe factory to boost Nigeria’s economy by 50%
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Investments in syringe factory to boost Nigeria’s economy by 50%

Investments in the syringe industry may soon boost the nation’s economy by about 50 per cent, if the Federal Government implements the medical devices industry policy meant to enhance the sector.     The syringe industry’s potential and its capacity to grow the country’s economy and make it the giant of Africa is, […]

Government more concerned with economic benefits, than effects of gas flaring
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Government more concerned with economic benefits, than effects of gas flaring

Gas Flaring Dr. Diran Fawibe is the Chairman and Chief Executive Officer, International Energy Services Limited. In this interview with KINGSLEY JEREMIAH, he spoke on the many challenges of gas flaring in the country, and what government must focus on to adequately address the situation. What is gas flaring and why […]

At RCCG summit Enelamah, others task government on diversification of economy
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At RCCG summit Enelamah, others task government on diversification of economy

Managing Director, Bank of Industry, Mr. Kayode Pitan (left); Regional Men’s Coordinator, Pastor Amos Emovon; Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah; Pastor-in-charge of Region 19, Pastor Brown Oyitso and Executive Director/Co-founder of Sahara Group Ltd, Mr. Tonye Cole, during the maiden Economic Summit by the Redeemed Christian […]

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Venezuela’s Maduro eyes second term despite economic woes

Venezuelans, reeling under a devastating economic crisis, began voting Sunday in an election boycotted by the opposition and condemned by much of the international community but expected to hand deeply unpopular President Nicolas Maduro a new mandate. Maduro, the political heir to the late leftist firebrand Hugo Chavez, has presided […]

Amaechi urges Nigerians to commend Buhari’s economic agenda
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Amaechi urges Nigerians to commend Buhari’s economic agenda

The Minister of Transportation, Rotimi Amaechi, said on Tuesday that the present administration should be commended for changing the economy from a rent culture to a productive economy. Amaechi said this during the Economic Recovery and Growth Plan (ERGP) Focus Labs Open Day ceremony held in Abuja. According to him, […]

NLNG shares sales: Selling performing equity absurd, economically illogical
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NLNG shares sales: Selling performing equity absurd, economically illogical

The illogicality in the planned disposal of performing equities by the Federal Government, while non-performing assets continue to guzzle scarce resources, has not only drawn the ire of experts and stakeholders in the oil and gas sector, but further questions the economic credentials of the Muhammadu Buhari-led government. While specifically […]