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The Central Bank of Nigeria (CBN) and the Bureau of Public Enterprises(BPE) have signed an agreement for the sale of the Federal Government’s 12.4 billion shares in Nigerian Security Printing and Minting company (NSPM) to CBN.
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The $500 million financing facility secured from the Export Import Bank of China (CEXIM) is another milestone in Federal Government’s drive to stimulate economic growth, investments and provide jobs for Nigerians.
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President Muhammadu Buhari on Monday gave a directive for the provision of rail infrastructure at all the ports in the country to boost socio-economic activities nationwide.
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WorldStage Newsonline– The Federal Government of Nigeria will require higher than planned borrowing to fund capital budget this year with adverse implications on interest rates and interest costs for the economy, according to an analysis by Jimi Ogbobine, a Senior Analyst at Agusto & Co,.
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Former British Prime Minister Gordon Brown warned that the world is on the verge of sleepwalking into another financial crisis because governments have failed to tackle the causes of the last major financial crash a decade ago.
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The African Export-Import Bank (Afreximbank) says the 850 million dollars donated to it by two Chinese financial institutions will enable the bank expand its support to African businesses.
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Prof. Babatunde Rabiu, the Director, Centre for Atmospheric Research, National Space Research and Development Agency (CARNASRDA) says building the capacity of Ajaokuta Steel Company Ltd. (ASCL) is key to the execution and implementation of Executive Order 5.
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WorldStage Newsonline– The Federal Inland Revenue Service (FIRS) will soon go after the bank accounts of defaulting taxpayers who are raking in billions in Nigeria and are not paying taxes, FIRS Chairman, Tunde Fowler, has said.
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Former Finance Minister of Nigeria and Co-Chair of the Global Commission on the Economy and Climate, Dr Ngozi Okonjo-Iweala, says fighting climate change can add $26 million to the world economy by 2030.
Read More WorldStage Newsonline– The Debt Management Office (DMO) said the Federal Government of Nigeria has offered for subscription two-year savings bond at 11.36 per cent and three-year savings bond at 12.36 per cent.
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