Nigeria Economy

Unemployment rise, ₦25 billion LSETF to the rescue

At the last count, 29 million Nigerians are jobless, according to the National Bureau of Statistics. But the Lagos State Government through the ₦25 billion Lagos State Employment Trust Fund (LSETF) has launched a massive programme to fund job placement services and training programmes for the unemployed. The initiative, if replicated by other states, could […]

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NECA expresses concern over non-approval of SEC, PenCom, others constitution

The Nigeria Employers Consultative Association, NECA, has expressed concern over the non-approval by the National Assembly of Board of some key regulatory agencies, including the Securities and Exchange Commission, SEC; National Pensions Commission, PenCom; Financial Reporting Council of Nigeria, FRCN; and Nigerian Social Insurance Trust Fund, NSITF. Speaking at a press conference to mark the […]

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Nigeria drops to 119 in the 2017 global innovation index

Nigeria has moved down by five places to 119 out of 127 economies ranked in the 2017 Global Innovation Index from the 114th position it attained in 2016. The index measures innovation performance in countries globally. A report on the ranking stated that Nigeria performed poorly in the areas of political stability and safety, rule […]

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