The Chief Justice of Nigeria and Chairman, Board of Governors of the National Judicial Institute, Justice Idris Legbo Kutigi, has said that a situation where billions of naira in taxpayers' funds are being used as bailout grants to ailing banks is undesirable.
About 25,000 people have so far benefitted from the entrepreneurship and business support programmes initiative of the Federal Capital Territory Administration (FCTA) through Abuja Enterprise Agency (AEA).
Sirius Petroleum Plc. has said that it has identified its first marginal oil field opportunity in Nigeria.
The Federal Government said it will no longer tolerate any lapse from ministries, departments and agencies, MDAs regarding the implementation of budgets in the country, Vice President Goodluck Jonathan has warned.
President Paul Kagame yesterday met Janamitra Devan, the Vice President of the International Finance Corporation (IFC) and discussed how the institution can enhance investment and private sector development in the country.
In a move to boost the local credit market, the International Finance Corporation (IFC) and the Central Bank on Tuesday signed an agreement that will enable the former to provide local currency loans to support private sector growth.
The United Nations Conference on Trade and Development (UNCTAD) has stressed that the continent's oil and gas potential is steadily growing, according to a communiqué by the African Union (AU).
The International Finance cooperation (IFC) has applauded the contribution by the Center for Business Solution (CBS) for the development of Rwanda's Small and Medium Enterprises (SMEs) segment.
Agricultural researchers have encouraged farmers to engage in banana-coffee mixed farming saying that the practice increases production by 50 per cent.
The Federal Government has been urged to provide an enabling environment to enable microfinance banks, MFBs, provide cheaper services to their customers.
The proposed merger of three regional economic blocs is soon expected to face an acid test when member states give views on recently released work plans that seek to guide the process.
While almost all the attention and resources for combating piracy in African waters have of late been focused almost exclusively on the Somali coastline, a bloody attack last month is a reminder that the Gulf of Guinea on the opposite side of Africa can be equally dangerous -- if not more so -- even if it does not grab headlines.
The mention of green jobs salivates the eager tongues of politicians seeking quick answers for dismal economic prospects. Green jobs have become the new panacea for joblessness and a ‘pathway out of poverty’.
Diesel shortage looms ahead of the festive season due to a standoff over offloading at Mombasa port.
The state did not intend to increase its target of producing 10000GWh of renewable energy by 2013, though it would review the renewable energy white paper to determine medium- and long-term targets, Energy Minister Dipuo Peters said last week.
President Paul Kagame yesterday called upon African countries to commit more funds to the agricultural sector if the continent is to address the problem of food security and transform one of the major engines for growth and prosperity.
Being the custodian of the Ethiopian state must be an undertaking that shows no gratitude in return. In many ways, it puts those at the helm of power in a position of "Damned if you do; damned if you do not."
Agriculture, though has remained one of the priority areas of the development strategies of successive governments, is yet to make an impact in the overall national economic growth efforts.
Last Friday, President Paul Kagame and members of the Private Sector held the annual roundtable dialogue in which issues affecting development and growth of business were discussed under the auspices of the Presidential-Business roundtable.
The move by a section of daladala operators to go on a strike, leading to a disruption of normal activities in parts of the city yesterday, is a clear indication that there are serious problems with the city transport system, which the Government cannot simply sweep under the carpet.
THERE can be little doubt that airlines remain the largest facilitator of global trade, ferrying millions of people from one destination to another every single day.
Recently petrol tanker drivers withdrew their services to protest what they said was the sorry state of Nigerian roads. As a result of their unexpected action, the nation was thrown into social turmoil as commuters and motorists queued endlessly at filling stations that seemed to have run out of supply.
Eze Onyekpere, Lead Director, Centre for Social Justice (CSJ), an Abuja-based multi-sectoral watchdog and Public Expenditure Manager spoke with Leadership on the Fiscal Responsibility Act, the power sector, among other issues. Excerpts
DEAN, Faculty of Management Sciences of the University of Benin, Professor Esosa Bob Osaze, has said that beyond the palliative measures provided by the Federal Government to cushion the Nigerian economy against the global economic meltdown, there was need by the government to provide long-term economic packages against another economic meltdown.
The new management of Oceanic Bank Plc said it has recovered bad debt owed the bank to the tune of N41 billion within the last three months, which has significantly resulted in its investors' deposit base growing by 23 per cent. This amounted to about N528 billion as at 30 November 2009, from N430 billion it was in August, prior to the sack of the bank's former management team.
