House of Representatives empowers maritime sector

The House of Representatives has pledged to resolve impending issues against the optimal performance of the Maritime Sector to contribute immensely to Nigeria’s economy. Speaker Yakubu Dogara gave the assurance at a public hearing organised by the House Committee on Ports, Harbours and Waterways on eight Maritime Industry related Bills. Mr. Dogara said the eight bills when passed, […]

May 23, 2017

IMF offers three-pillared prescription for African growth

Countries in sub-Saharan Africa need to get their budgets in order, diversify their economies and look after their poorest people. If they do that, there is no reason why the region cannot have the strong growth needed to meet the aspirations of a young and growing population. That, at least, is the three-pillared prescription from […]

May 23, 2017

Africa to have better economic growth this year – AfDB

Africa will see a lift-off in economic growth this year and next on the back of a rebound in global commodity prices, an annual report predicted on Monday. The African Economic Outlook, co-authored by the African Development Bank (AfDB), the Organisation for Economic Co-operation and Development and the United Nations Development Programme, expects the continent’s […]

May 23, 2017

Nigerian Naira no longer useful abroad – Mailafia

A former Deputy Governor of the Central Bank of Nigeria, CBN, Dr Obadiah Mailafia, has lamented that the naira could no longer be used outside the country as before. Mailafia recalled that during the 70s, the currency was acceptable in London, Mecca and Medina. He called on the Federal Government to take measures that will […]

May 23, 2017

Fashola must order DisCos to provide pre-paid meters or face legal action – SERAP

Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to the Minister of Power, Works and Housing Babatunde Fashola, SAN, requesting him to urgently enforce directives to electricity distribution companies (DISCOs) to provide free pre-paid meters to Nigerians. The organization asked Fashola to take this step within 7 days, “failing which SERAP will […]

May 23, 2017

Why we de-registered 46,000 companies in Nigeria – CAC

The Corporate Affairs Commission (CAC) has said it de-listed 46, 000 companies in its 2016 gazette that was made public recently because it had sufficient evidence to show that those companies could no longer carry on business operations in the country. This explanation was given by the Registrar-General of the Commission, Bello Mahmud, who was […]