• Recession: Economy Shows Signs Of Recovery – NBS

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    Indications that the country’s economy may be on its way out of recession emerged yesterday, following the release of the 2016 overall and last quarter Gross Domestic Product (GNP) reports by the Nigeria Bureau of Statistics (NBS), which showed some signs of recovery. The NBS report revealed that the nation’s GDP figures for the fourth…

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  • Land Border Ban: Buyers Shun Auto Markets Due To Price Hike

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    The various policies of the federal government aimed at boosting economic activities at the nation’s ports and by extension, earn higher revenue for the government are clearly having negative impacts on the businesses of auto dealers.  Findings by LEADERSHIP Sunday indicates that potential buyers are deserting car markets due to the hike in prices occassioned…

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  • Citing Recession, Change In Priority, Organisations Ditch Yuletide Decorations

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    The usual glamorous sight of beautiful and colourful decorations of buildings and offices by corporate organisations and government agencies during Christmas and New Year celebrations are missing this year across the country, due to economic challenges in the country and change in priority, among others, by organisations. In Abuja for instance, unlike previous years when…

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    Nigeria Inflation Grows To 18.4% In October – NBS

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    Nigeria’s inflation rate grew geometrically in September as Consumer Price Index (CPI) rose by 0.48% bringing the figure to a total of 18.4 per cent at the end of October 2016. This is higher than the 17.9 per cent recorded in the previous month. “The Consumer Price Index (CPI) which measures inflation increased by 18.3…

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  • FG Will Revisit Tax Holidays, Waivers – Osinbajo

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    Vice President, Professor Yemi Osinbajo has said that though there might be challenges with the present duty waivers and tax regimes in the country, the federal government is working hard to correct the wrongs with the view to encouraging the growth of small businesses and attracting foreign investments. Speaking at a forum on job creation,…

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  • Economic Summit: FG To Promote Production, Consumption Of Local Goods

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    Minister of Budget and National Planning, Senator Udoma Udo Udoma, has disclosed that the Federal Government is working with the private sector and relevant stakeholders to encourage production and consumption of Made-in-Nigeria goods and services even as the vice president, Prof. Yemi Osinbajo described Dangote Group as a game changer to the Nigerian economy. Speaking…

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  • General Electric Plans N46.8bn Investment In Nigeria

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    United States industrial firm, General Electric (GE.N), yesterday announced its plans to invest $150 million (N46.8 billion) in some development projects in Nigeria by 2017. Chief executive of General Electric in Africa, Jay Ireland, told the FT Africa Summit in London that GE would also invest in oil and gas industry projects. Ireland said the…

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  • Abuja Pension Summit And Prospects For Nigeria

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    By Mbakaan Kwen, Abuja The World Pension Summit ‘Africa Special’ is an annual specialised Summit for Africa. The summit, which is jointly planned with the National Pension Commission of Nigeria (PenCom) brings together African pension professionals to share ideas and brainstorm on specific African pension innovations, key scenarios, and scheme developments. The first Africa Special…

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  • Experts Urge FG To Prioritise Capital Spending In 2017 Budget

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    The federal government in collaboration with the ministry of Budget and National planning are working hard to revamp the economy out of recession. During a retreat in Abuja themed: “Building Inter-Ministerial Synergy for Effective Planning and Budgeting in Nigeria”, President Muhammadu Buhari expressed the need for cabinet members to think “out of the box” and…

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