FG has spent over N2.7tn on infrastructure – Osinbajo

Vice President Yemi Osinbajo says the Federal Government has spent over N2.7 trillion to service the country’s infrastructure needs. Osinbajo says the amount represents the largest capital expenditure in the country’s history despite earning 60 percent less in the previous five years. At the opening ceremony of the 2018 Lagos International Trade Fair, Osinbajo said,…

Experts see further slump in investment inflows ahead 2019 elections

Nigeria’s economy faces continuous decline in investment inflows ahead 2019 elections, some analysts who spoke with BusinessDay say. Their projections follow recent decline in the capital importation numbers, second quarter of 2018, and especially as cloud of uncertainties surrounding the 2019 elections increases averseness to investing in the rebounding economy. Data released by the National…

AfCFTA focus of discussion as Nigeria hosts Africa trade forum 

Nigeria will on November 2, and tomorrow hosts the Africa Trade Forum 2018, as being organized by Nigeria’s Ministry of Industry, Trade and Investment, and co-organised by the United Nations Economic Commission for Africa (ECA), The Rockefeller Foundation, and the African Union Commission (AUC). The Forum will bring together stakeholders from across the continent, from…

Experts see further slump in investment inflows ahead of 2019 elections

Nigeria’s economy faces continuous decline in investment inflows ahead of 2019 elections, some analysts who spoke to BusinessDay have said . Their projections follow recent decline in the capital importation numbers, second quarter, of 2018, and especially as cloud of uncertainties surrounding the 2019 elections increase averseness to investing in the rebounding economy. Data released…

BIEL pushes value proposition, entrepreneurship to check human trafficking in Nigeria

Moved by the desire to stop the tide of human trafficking in Nigeria, Beauty in Every Life (BIEL) Foundation, a non-profit organisation focused on empowering youths, women and children, is out to provide an alternative value proposition through life skill and entrepreneurship education. This was revealed at the inaugural interactive session organised recently in Lagos…

Firms’ confidence in economy drop to 23.2 in October

The overall confidence by Nigerian firms on the macro-economy dropped to 23.2 index points, in October, indicating less optimism when compared to its level of 24.8 index points recorded in September 2018. The Central Bank of Nigeria (CBN) on Wednesday released the October 2018 Business Expectations Survey (BES), which it carried out during the period…

FG warned against extra-judicial killing as Shiites, security clashes enter third day

The People’s Democratic Party (PDP) has warned that the highhanded crackdown on members of the Islamic Movement in Nigeria (IMN), popularly called the Shiites, by the Federal Government portrays rising cases of extra-judicial killings in the country under the President Muhammadu Buhari-led All Progressives Congress (APC). Residents of Abuja, the Federal Capital Territory (FCT), were…