President Muhammadu Buhari and other heads of state are expected at the US-Africa 10th Biennial Business Summit to be held next month, the organiser, Corporate Council on Africa, has said. According to a statement on Wednesday, Buhari will lead some top members of his cabinet and top Nigerian business leaders to the summit. The summit, […]
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The International Monetary Fund on Wednesday advised the Federal Government to consider a flexible exchange rate policy rather than outright devaluation of the naira and the current forex restrictions. It also called for an increase in the Value Added Tax rate from the current five per cent. The Managing Director, IMF, Christine Lagarde, on the […]
Read More [su_list icon=”https://newstage.com.ng/wp-content/uploads/2016/01/ns-icon.png”] Nigeria did not need IMF loans, fiscal discipline was needed for the country to be sustainable [/su_list] The Managing Director of the International Monetary Fund, Christine Lagarde, said on Tuesday in Abuja that the organisation was willing to assist the Federal Government of Nigeria in plugging revenue leakages, tracing stolen funds and restructuring […]
Read More The sting of low oil prices has forced Nigerian president Muhammadu Buhari to seek help from the International Monetary Fund, according to Reuters. The president plans to boost spending to stimulate the economy, but Nigeria will need help from the organization to do so. The government plans to borrow up to 900 billion naira to […]
Read More 2016 Budget Speech: “The Budget of Change” Delivered By: His Excellency, Muhammadu Buhari President, Federal Republic of Nigeria To A Joint Session of the National Assembly (on December 22, 2016) PROTOCOLS I am honoured and privileged to present the 2016 Budget proposal. This is my first address before this joint session of the National Assembly. […]
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The United States ambassador to Nigeria, Mr. James Entwistle, has described Nigeria as a country conducive for direct foreign investments, pledging that the US will continue to encourage American companies to invest in Nigeria. Entwistle said contrary to the impression being created in some quarters, Nigeria was a pleasant place to do business, as long […]
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Nigeria’s crude oil, which has been struggling to sell in recent months, may suffer further setbacks in the global market following the lifting of the ban on the United States oil exports. The US Congress had on Friday approved the lifting of the ban as part of a $1.1tn spending bill, which included a provision […]
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Asiwaju Bola Ahmed Tinubu, the leader of the All Progressives Congress (APC), has yesterday commended Nigerians for voting Mohammadu Buhari into power and voting out the former President Goodluck Jonathan of the Peoples Democratic Party (PDP). Asiwaju, who stated this in his keynote address at the 10th memorial anniversary of the late Bala Usman, a […]
Read More The lingering alleged illegal importation of rice into the country may become a thing of the past, following a partnership between the Federal Government and a Chinese Company, HellogJiang Pingyuan Rice Group 300 million dollars proposed rice project. The Chief Executive Officer of the Group, Mr. Wang Jing Xin, disclosed the proposed project during a […]
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The Federal Government last night declared December 25 and 26 as public holidays to mark Christmas. New Year’s Day January 1, 2016 has also been declared a public holiday.
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