MUCH ADO ABOUT ECONOMIC RETREAT

The task of sorting out the economic crisis is far from finished

 

Against the backdrop of the worsening economic situation in the country caused largely by the dwindling price of crude oil, a two-day retreat for governors of the 36 states of the federation and members of the National Economic Council (NEC) held last week at the Presidential Villa in Abuja. In his welcome address, President Muhammadu Buhari identified five key sectors which the country must focus on to revive the economy. Specifically, he said the challenges militating against development in agriculture, power, manufacturing, housing and health sectors must be squarely addressed to lift millions of Nigerians out of poverty.

Empowering Teens for a Lifetime! Lead The Way Easter Holiday is Almost Here | March 28 – April 1, 2016

Teenage years are a time marked by rapid development, however, with the right guidance and information, teenagers can be prepared to beat the odds and make the right choices.

 

This Easter holiday, LEAP Africa’s LEAD THE WAY Programme, will take teenagers through fun activities, role plays and engaging out door sessions on leadership, self -awareness, building self-confidence, teamwork, communications, and much more.

Get A Great Website For Your Business [ERPREF:290241-139]

Our Development Team Is Standing-By To Build Your Website.

If you don't have a website for company, chances are your new age customers are not able to check your business information online when they need it the most or suggest your business to new customers using the Internet to find product and service suppliers locally.  Here is proof why: Statistics already show billions are lost in revenue, by businesses that don’t have an online presence when compared with their competitors who have a website. This is because during that crucial time of decision making by potential customers, they are nowhere to be found online.

Development of SMEs in Gov. Policies, Abuja Chamber tells Buhari

Abuja Chamber of Commerce and Industry (ABUCCI) has called on President Mohammadu Buhari to make the development of Small and Medium Enterprises (SMEs) sector a top priority in his government policies.

Tony Ejikonyen, president of the Chamber, who made the call in Abuja, said SMEs over the years had been identified as the life wire of any economy in the world.

Prolong Fuel Scarcity’ caused as ‘Banks Responsible

NIGERIA- The non-cooperation of banks on the account of the debts they are owed by oil marketing companies will prolong the current fuel scarcity. This is in spite of assurances given to the marketers by the Federal Government that it would settled the outstanding payment.

 

This is even as the Petroleum Product and Pricing Regulatory Agency (PPPRA) is alleged to have reduced both the volume and number of marketers it has given licences for fuel importation, for the third quarter of the year.

World Bank Supports Ghanaian Economy With $500m

The World Bank Group's Board of Executive Directors yesyerday approved US$150 million budget support for Ghana.

The credit from the International Development Association (IDA) supports the First Macroeconomic Stability for Competitiveness and Growth Development Policy Financing (DPF).
The first of three development policy financing operations is aimed at helping the Government of Ghana stabilize its economy and shore up fiscal control by implementing financial policies and processes that are transparent and predictable.

Insurance Industry Loses $750m to Premium Flight Annually

The nation’s insurance industry is losing over $750 million annually to premium flight as result of shortage of capacity to retain most of the risks emanating from the local market, BusinessDay investigations reveal.

This is moreso in the volatile oil and gas sector, energy and aviation, where barely 30 percent of the risks are retained locally, in spite of opportunities presented by the National Content Development Act.

SEC urges state govts to Embrace Capital Market for Infrastructural Development

 

The Director-General of Securities and Exchange Commission (SEC), Mr Mannir Gwarzo, has urged state governments to take advantage of the numerous benefits available in the capital market to enhance development in the country.

Gwarzo made this appeal on Wednesday in Katsina at the SEC Day at the 18th Made in Nigeria Katsina Trade Fair.

Bosch opens Nigeria’s outlet to Boost Economic Activities

Bosch, a leading global supplier of technology services, on Tuesday opened a regional subsidiary in Nigeria to address the nation’s infrastructure challenges and boost economic activities.

‘69 Buildings have to be Demolished if Fourth Mainland Bridge is built now’

Lagos State government says it cannot go ahead now to construct the proposed Fourth  Mainland Bridge having discovered, to its surprise, that no fewer than 69 buildings have to be demolished if the original alignment for the bridge is followed.

African Economies Panic over China’s slowed Growth

African economies are now jittery over slowing growth in China.

The fear really spans from the fact that the region could lose huge aids and trading partnership (in terms of commodity export) from the second largest global economy.