Tag Archives: 2018

The Lagos State Governor, Akinwunmi Ambode, on Monday, signed the 2018 Appropriation Bill of the state into law with a total budget size of N1,046,121,181,680.00. The total budget size comprised N347,038, 938,872.00 to be funded from the Consolidated Revenue Fund, and N699,082,242,808.00 from the Development Fund for both capital and recurrent expenditure for the year ending 31st December, 2018. The ...

Price of Some blue chips on the Nigerian Stock Exchange (NSE) on Friday rallied with GT Bank hitting all-time high of N54.71 per share. The banks topped the gainers’ chart with a gain of N2.60 to close higher at N54.71 per share. Unilever followed with a gain of N2 to close at N47, while International Breweries improved by N1 to ...

The price rally on the Nigerian Stock Exchange (NSE) continued, on Wednesday, with the market capitalisation hitting an all-time height of N16.080 trillion. The market capitalisation, which opened at N15.782 trillion inched N298 billion or 1.89 per cent to close at N16.080 trillion. Also, the All-Share Index rose by 830.52 points or 1.89 per cent to close at 44,885.24 compared ...

Vice-President, Yemi Osinbajo, on Monday, presided over the first meeting of the Economic Management Team for the year. Osinbajo is the chairman of the team, which has relevant ministers and other top government officials as members. The meeting was held inside the Presidential Villa, Abuja. A message posted on the Twitter handle of the Senior Special Assistant to the Vice-President ...

The Technical Committee on Nigeria Yam Export Programme has said that it was targeting the export of about 480 tonnes of yams, equivalent to 20 containers, every month in 2018. The Chairman of the committee, Simon Irtwange, said, in Abuja, on Monday, that the target would be achieved if all the challenges, which yam exporters experienced in 2017, were surmounted. ...

An All Progressives Congress (APC) member of Osun House of Assembly, Babatunde Olatunji, has urged the Federal Government to implement the Economic Recovery and Growth Plan (ERGP) to impact the lives of in the new year. Olatunji (APC-Ife North), House Committee Chairman on Commerce, Co-operatives and Youth Empowerment, made the plea in Osogbo on Friday. According to him, it was ...

Governor Kashim Shettima of Borno State has presented a N170.3billion budget to the State House of Assembly (BOSHA), for appropriation for the 2018 fiscal year. The Appropriation Bill, tagged: “Budget of Resettlement and Empowerment” is 7.3 per cent or N13billion lesser than last year’s N183.84 billion appropriation bills. Shettima said the “massive reconstructions of institutional structures,” destroyed by Boko Haram ...

Former Governor of old Kaduna State, Balarabe Musa, has called for economic restructuring to ensure delivery of positive and impactful governance in the country. Musa made the call in a telephone interview with the News Agency of Nigeria on Monday against the backdrop of President Muhammadu Buhari’s New Year broadcast. The president had in the speech said that the problem ...

Pundits in the Nigeria capital market have expressed expectations that the positive performance of the stock market in 2017 would be a dominant feature in 2018. Their prospects were based on the efforts and initiatives designed by the Nigerian government to reposition the nation’s economy which successfully led to some relief from a deep recession.. They added that those initiatives ...

The Federal Government said on Sunday that it had stocked enough food to address possible shortages in some states in 2018. Audu Ogbeh, the Minister of Agriculture and Rural Development, made the disclosure in Katsina. The Minister spoke at the Joint International Fund for Agricultural Development (IFAD)/Federal Government 2nd Supervision Mission for Climate Change, Adaptation and Agribusiness Support Forum. Ogbeh ...