Tag: Economy
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El-Rufai clears air on attacking Bill Gates over Nigeria’s economy comment
Governor Nasir El-Rufai of The Kaduna State, on Thursday cleared the air on attacking American billionaire founder of Microsoft, Bill Gates, over his comment on Nigeria’s economic plan and public spending especially on education. El-Rufai insisted that while there was nothing wrong in attacking Gates, he never did but only put things in proper context.…
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EGRP: Bill Gates’ advice to Buhari on economy clearly ‘misunderstood’ – FG
The Federal Government has said that the advice given by world renowned philanthropist and business mogul, Bill Gates on Nigerian’s economy was clearly misunderstood by the media. Recall that Gates had at the special and expanded National Economic Council, held in Abuja on Thursday, said the present economic template being used by the Muhammadu Buhari…
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Trump top economic adviser Gary Cohn resigns
Gary Cohn, the top economic adviser to U.S. President Donald Trump and a voice for Wall Street in the White House, said on Tuesday he would resign, a move that came after he lost a fight over Trump’s plans for hefty steel and aluminum import tariffs. The departure of Cohn, director of the National Economic…
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2019: Otedola drums support for Ambode, predicts Lagos will become Africa’s third largest economy
Billionaire businessman Femi Otedola on Sunday predicted that Lagos will become the third largest economy in Africa by the end of Governor Akinwunmi Ambode’s tenure. He said given the governor’s stellar performance, the state would move up from its current fifth position. Otedola canvassed support for Ambode’s second term so as to continue with the…
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Interdependency of nations key to economic advancement – Dakuku
The Nigerian Maritime Administration and Safety Agency (NIMASA) has said that no nation can attain sustainable growth and development relying on herself and/or single source of revenue as world economies are now consciously or unconsciously competing among themselves in terms of advancement and development indices. The Director General of the Agency Dr. Dakuku Peterside made…
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Growing the Nigerian economy through the mobile & telecom sector
Undoubtedly the giant of Africa – with an estimated population of 194 million people, Nigeria remains the largest mobile market in the continent – and still has more potential for growth and for competing on a level-playing ground with the developed nations. Although the economic growth of the country might not be as fast-paced as…
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FG economic policies bearing positive fruits, says KADCCIMA President
Muheeba Dankaka, President, Kaduna Chamber of Commerce, Industry, Mines and Agriculture (KADCCIMA), has commended the Federal Government for banning the importation of goods and service the country has comparative advantage. Dankaka said at the opening of the 39th Kaduna International Trade Fair on Saturday in Kaduna, that other measures taken by the government to improve…
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Low interest rates key to growth of Nigeria’s economy – Dogara
…Seeks provision of soft loan for young entrepreneurs Speaker of the House of Representatives, Hon Yakubu Dogara, has said that unless interest rates on loans in Nigeria are reduced to make funds accessible to more Nigerians with investible ideas, the nation’s economy will continue to rely on investors from other countries to make it grow.…
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Foreign capital inflows rise by 148 per cent, now $4.15b
Foreign capital inflows into the economy rose by 148 per cent to $4.15 billion, according to a report released by Financial Derivatives Monthly Economic Update on Thursday. This report was titled “Hot Money: Foreign Direct Investment and the Central Bank of Nigeria’s Monetary Policy.” The report attributed the increase to renewed investors’ confidence in the…
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‘We’ll accomplish everything’: President Buhari begs Nigerians to keep faith
Amidst the economic and security challenges Nigeria is faced with, President Muhammadu Buhari has pleaded with citizens of the country asking them to “keep faith” with his administration. President Buhari, in a statement, said his administration is making progress in stabilizing the Naira and improving business environment. He said his administration will again focus much…