Economy

The Debt Management Office (DMO) says government can reduce its dependence on borrowings to finance budget deficits by improving its revenue drive and prioritising expenditure.

The Lagos State Government through the state Employment Trust Fund, says it has supported 3,673 businesses with the sum of N1.56 billion as grants.

The domestic stock market on Tuesday closed on a negative note, with market capitalisation shedding N15 billion or 0.56 per cent to close at N26.517 trillion as against N26.532 trillion recorded the previous day.

The Monetary Policy Committee (MPC) of the CBN increased Monetary Policy Rate (MPR) from 14 per cent to 15.5 per cent on Tuesday to tame inflation.

As the Central Bank of Nigeria (CBN) holds its Monetary Policy Committee (MPC) meeting on Monday, some stakeholders project a hike in policy rates.

President Muhammadu Buhari and the African Development Bank (AfDB) Group President, Dr Akinwumi Adesina have urged global businesses and leaders to boldly invest in Nigeria.

President Muhammadu Buhari has described the United States as Nigeria’s main trading partner and one of ‘‘our most important diplomatic partners.’’ This, he said, underscored the need for concerted efforts to increase the volume of bilateral trade, saying Nigeria exports $1.69 billion in crude export to the United States.

The African Development Bank (AfDB), the Islamic Development Bank (IsDB), and the French Development Agency (FDA) are investing 618 million dollars in the Digital and Creative Enterprises Programme (I-DICE) in Nigeria.

President Muhammadu Buhari has described the United States as Nigeria’s main trading partner and one of ‘‘our most important diplomatic partners.’’

Gov. Kayode Fayemi, the outgoing  Chairman of the Nigeria Governors’ Forum (NGF), has applauded  Vice President Yemi Osinbajo on his sterling leadership quality of the National Economic Council (NEC).