Japan PM Abe Announces $17.8bn Economic Stimulus Package

Japan PM Abe Announces $17.8bn Economic Stimulus Package

Japanese Prime Minister Shinzo Abe on Monday ordered his cabinet to compile new economic stimulus measures in a package worth around 2 trillion yen ($17.80 billion) by the end of the year. Speaking at a meeting with his top advisory panel, Abe said the package should focus on subsidizing education, child-care costs, and on boosting […]

SUKUK Bond Has Hidden Agenda, Nigerians Beware – CAN

SUKUK Bond Has Hidden Agenda, Nigerians Beware – CAN

The Christian Association of Nigeria (CAN) has opposed the floating of the Sukuk Islamic bond by the Federal Government, alleging it is meant to Islamise the country through the back door. CAN, in a statement on Tuesday in Abuja by its General Secretary, Rev. Musa Asake, demanded the abrogation of the laws and framework behind […]

Fg To Develop Eastern Ports Via PPP – Osinbajo

Fg To Develop Eastern Ports Via PPP – Osinbajo

Vice President Yemi Osi­nbajo has reiterated the Federal Government’s commitment to the revitalisa­tion of the moribund seaports in the Eastern region. He stated this on Thurs­day after inspecting exhibition stands mounted by the Ni­geria-American Chamber of Commerce, Kaduna State in partnership with the Econom­ic Affairs Section of the United States (US) Embassy in Abuja. Osinbajo, who […]

This Is What President Buhari Says About Nigeria Economy

This Is What President Buhari Says About Nigeria Economy

President Muham­madu Buhari has de­clared that the econ­omy is taking shape under  his two-year administration. He therefore gave his administration a passmark and hinged the rating on the appreciable growth of the economy during the period. Buhari spoke in Ka­duna on Tuesday when he commissioned Olam Farm, a joint venture with the Ka­duna State government for […]

CBN Injects $250m Into Forex Market

CBN Injects $250m Into Forex Market

The Central Bank of Nigeria on Monday intervened with another sum of $250m in the foreign exchange market The regulator said in a statement that the move was meant to keep the inter-bank foreign exchange market liquid. A breakdown of Monday’s intervention indicated that the wholesale sector was offered the sum of $100m, just as […]

Africa’s Biggest Hatchery, Feed Mill Open Today In Kaduna

Africa’s Biggest Hatchery, Feed Mill Open Today In Kaduna

Africa’s biggest hatchery and feed mill constructed by Olam Grains Nigeria will be inaugurated today in Kaduna, the News Agency of Nigeria (NAN) reports. The company, constructed at 150 million dollars, consists of feed mill, hatchery and breeder farm, Olam’s Business Head, Vinod Mishra, said. Mishra told NAN that the company would process 180,000 tonnes […]

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