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FG set to organize focused labs to boost economic growth

By |November 20th, 2017|

Following the Federal Executive Council’s approval, the Ministry of Budget and National Planning is set to organize focused labs. These labs consist simply in the bringing together of relevant stakeholders in the public and private sectors into weeks of intensive working sessions to brainstorm on practical steps to overcoming any identified challenges in the implementation […]

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Courtville Business Solutions Grows Profit by 60% in Nine Months

By |November 6th, 2017|

Courtville Business Solutions Plc, an information technology communications (ICT) company has recorded a growth of 60 per cent in profit after tax (PAT) for the nine months ended September 30, 2017.
According to the results to the Nigerian Stock Exchange (NSE), Courtville posted  revenue of N1.0billion for the nine months in 2017, up from N945 million in the corresponding   of  2016. […]

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Nigeria Up 24 places To 2013 Levels In World Bank Doing Business Report

By |November 3rd, 2017|

After a poor show last time, Nigeria moved up 24 positions to rank 145th in Global Ease of Doing Business, according to today’s release from the World Bank.

Recall that the Muhammadu Buhari government vowed to remove red-tape, eliminate bureaucratic bottlenecks, procedural delays, graft and make Nigeria an attractive investment destination for serious entities; setting a […]

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Power Ministry, TCN, NESO offer conflicting figures on power generation, transmission

By |November 1st, 2017|

The Federal Ministry of Power, Works and Housing, the Transmission Company of Nigeria, TCN, and Nigerian Electricity System Operator, NESO, have contradicted one another over how much power Nigeria currently generates and transmits.

It is not the first time government outfits would state conflicting figures on activities; in the process, increasing worries and notions that publicly-owned […]

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IMF: Debt Service Becoming Burden to Nigeria, Others

By |October 31st, 2017|

The International Monetary Fund (IMF) has stated that debt servicing costs are becoming a burden, especially in oil-producing countries such as Nigeria, Angola and Gabon in Africa.
This, according to the multilateral institution, was expected to absorb more than 60 per cent of government revenues in the aforementioned countries in 2017.

The fund stated this in its […]

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Addressing the Problem of Weak Revenue Generation in Nigeria

By |October 31st, 2017|

The 2018-2020 Medium-Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP) that the Federal Government of Nigeria (FGN) released on 20 October, 2017 will focus on some areas which we think are critical in raising the revenue generating capacity of the Nigerian economy. The MTEF/FSP forms the basis on which the FGN’s yearly budget […]

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CSCS increases automation, efficiencies with TCS BaNCS, apost trade service solution

By |October 31st, 2017|

The Central Securities Clearing System (CSCS) Plc recently announced in Lagos it would increase automation and improve efficiencies in the Nigerian capital market with the deployment of TCS BaNCS, a world class multi-asset class solution for securities depository, clearing and settlement. The solution replaced the NASDAQ Equator which has been in use since inception of the […]

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National Competitiveness Council of Nigeria’s State Competitive Index to Help Spur Growth-Friendly P

By |October 30th, 2017|

The National Competitiveness Council of Nigeria (NCCN), will launch Nigeria’s first Sub-National Competitive Index on November 2, a move that will help spur growth-friendly policies.

The index evaluates the competitiveness of Nigeria’s 36 states and FCT through metrics that examine growth, development and productivity potential.

NCCN’s index draws from resources of The World Economic Forum, World Bank, Mexico’s IMCO and […]

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With Innovation Nigeria can compete globally-Dr Ogbonnaya Onu

By |October 30th, 2017|

Nigeria’s Minister of Science and Technology Dr. Ogbonnaya Onu believes Nigeria will compete globally through innovation.

The Minister asserted this at the official commissioning ceremony of the Nigerian stock exchange Data Centre.

Valued at N500ml, the Minister described it as a world-class data centre, commending the Exchange for its good work in helping to facilitate the growth […]

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CSCS Board announces Haruna Jalo-Waziri as New CEO

By |October 30th, 2017|

Pursuant to the Securities and Exchange Commission’s (SEC) “No Objection”, the Board of Directors of the Central Securities Clearing System (CSCS) Plc is pleased to announce the appointment of Mr. Haruna Jalo-Wazirias the Managing Director/Chief Executive Officer of the company effective 1 November 2017.

Mr. Jalo-Waziri replaces Mr. Bola Adeeko who was appointed Interim Chief Executive Officer effective […]

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