The ongoing war in Ukraine has dimmed prospects of a post-pandemic economic recovery for emerging and developing economies in the Europe and Central Asia region, says the World Bank’s Economic Update for the region, released today. Economic activity will remain deeply depressed through next year, with minimal growth of 0.3% expected in 2023, as energy […]
In the last 62 years, the Nigerian economy has performed along the line of what policy mix used to drive the economy. Our economy has significantly transformed from a largely independent agrarian economy to a net importer of finished goods. The economy is now financed mainly by oil revenue, which has exposed the economy to
THE NIGERIAN ECONOMY AT 62: THE NEED FOR BIG DECISIONS Read More »
CPPE COMMENTS ON NIGERIAN ECONOMY AT 62 Over the past six decades the Nigerian economy has transformed from a basically agrarian economy to an economy driven largely by services and oil and gas. While the agricultural sector contributed an estimated sixty percent (60%) to the country’s GDP in the sixties, its contribution has reduced to
CENTRE FOR THE PROMOTION OF PRIVATE ENTERPRISE [CPPE] Read More »
The Central Bank of Nigeria, CBN, has commenced moves, targeted at mopping about N6.96 trillion from the banks as it increases Cash Reserve Ratio, CRR – a percentage of cash deposit with CBN – from 22.5 per cent to 32.5 per cent. The Monetary Policy Committee of the CBN, yesterday, announced that banks would be
Central Banks of Nigeria mops about N6.96trn By Eyo Nsima Read More »
In what has been termed a major move to bridge the gap in helping small businesses access much needed funding and capacity development initiatives, leading financial institution -Fidelity Bank Plc – has announced a strategic partnership with the Small and Medium Enterprises Development Agency (SMEDAN). At a Memorandum of Understanding (MOU) signing ceremony held in
Fidelity Partners SMEDAN to Empower SMEs Read More »
By Eyo Nsima The Russian-Ukraine war will continue to impact negatively on Nigeria’s economy, according to the Federal Government. In its Medium Term Expenditure Framework & Fiscal Strategy report, obtained by The Daily, www.thedaily-ng.com, the Budget Office of the Federation, disclosed that the Russia – Ukraine war is central to key risk indicators over the
RUSSIA-UKRAINE WAR: How it will continue to impact Nigeria’s economy Read More »
By Eyo Nsima In a bid to fully evaluate and sustain communication and public relations best practices around the globe, as well as offer solutions to persistent problems in the PR industry, P+ Measurement Services, a leading media intelligence agency, will be hosting the 21st edition of #EvaluatePR, welcoming all communications and public relations stakeholders
P+ Measurement Services is set to host the 21st Edition of #EvaluatePR Read More »
A class of shareholders of the NGX Group has frowned at its recently held 61st Annual General Meeting (AGM) and notified the company of its grievances through its lawyers, Messrs S. O. C. Legal represented by its Senior Partner, Oluwaseyilayo Ojo, who has commenced the pre-action protocol to set aside all resolutions at the AGM
Dissenting NGX Shareholders fault resolutions at company’s 61st AGM Read More »
By Our Correspondent Uniper, a German energy company, and Vesta Terminals, a Dutch enterprise, have signed a Memorandum of Understanding to evaluate the feasibility of expanding and refurbishing an existing ammonia storage facility in the Netherlands, according to FleetMon. It stated: “The companies plan to develop the existing ammonia storage facility into a new energy
Uniper ,Vesta unite to bring Ammonia to Northern European Markets Read More »
By Eyo Nsima United Bank for Africa (UBA) Plc, Africa’s leading global bank has announced its audited financial results for the half-year ended on June 30, 2022. At the end of the first half of the year, UBA Plc was able to deliver a 12.6 per cent appreciation in profit before tax to N85.7bn, up
