The expected revenue of the federal government to finance the 2016 budget fell short by N1.064 trillion as at June 2016. This was made known in the 2017 to 2019 Medium-Term Expenditure Framework and Fiscal Strategy presented to the public at a Stakeholders Consultative Forum...

The Federal Government has lamented that the foreign exchange restrictions by Central Bank of Nigeria (CBN) in the first half of this year adversely affected the economy. Minister of Budget and National Planning Udoma Udo Udoma, who spoke at the stakeholders’ consultative forum on the 2017-...

The Federal Government has said the country’s economy was technically in a recession. The Minister of Finance, Mrs. Kemi Adeosun, who appeared before the Senate, said the current indices in the country had shown that there was an economic downturn. A recession is defined as a significant...

The Nigerian insurance sector is said to be faltering due to lack of attention and development of the sector. The sector is said to be contributing a meagre 0.4 percent to Gross Domestic Product (GDP) even though economists believe the GDP can make up...

Says NCC will review 2.6GHz spectrum auction The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Professor Umar Garba Danbatta, has lauded the performance of the nation’s telecommunications industry in the first quarter of 2016, which he said would even improve in the...

The National Bureau of Statistics (NBS) said that the telecommunications sector contributed N1.41billion to the country’s Gross Domestic Product (GDP) in the first quarter of 2016. The development is contained in the Nigerian Telecommunications (Service) Sector Report for the 1st Quarter of 2016’’ just released...