Author Archives: Tony Manuaka

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The Challenge Of Change

The Challenge Of Change

Managing A Tottering Economy Two years into President Muhammadu Buhari’s administration, the economy still wobbles with telling effects on the people Acting President Yemi Osinbajo’s Democracy Day assessment of what Nigerians are passing through was a graphic picture of the economic reality in part; and stating otherwise as many politicians would have preferred, would have

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$500m Eurobond: Global Investors Validate UBA’s Pan-African Growth Strategy

Group Managing Director and Chief Executive Officer, United Bank for Africa Plc., UBA, Kennedy Uzoka says the $500 million Eurobond raised by the bank, which was 240 percent over-subscribed, reflects the strong global investor appetite for UBA’s credit and support for the Group’s pan-African financial services strategy. According to the Bank, the Global Offering is a five-year

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Heirs Holdings Appoints New Director Of Marketing, Corporate Communications

Heirs Holdings has appointed Pelumi Fadairo as Director of Marketing and Corporate Communications.  Fadairo will be responsible for driving the Group’s strategic marketing objectives and coordinating brand management of its rapidly growing portfolio of Pan-African Investments in the power, financial services, oil and gas, hospitality, real estate and healthcare sectors. Prior to her appointment, Fadairo was the CMO

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The Minimum Wage Challenge

[ctt template=”11″ link=”8570G” via=”no” ]there are indications that some states government may not be able to pay the new minimum wage of N56, 000,[/ctt]     As the clamour by organised labour unions in the country for an upward review of the minimum wage returns to the front burner, there are indications that some states

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NCAC, BoI Sign MoU To Create 200,000 Jobs

As part of government’s efforts to create jobs, the minister of Information and Culture, Alhaji Lai Mohammed, has said a Memorandum of Understanding, MoU, between the National Council for Arts and Culture, NCAC, and the Bank of Industry, BoI, which makes available N300 million loan for stakeholders in the Creative Industry. The partnership is expected

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Refinery: Why Modular May Not work

[ctt_author author=”12175″ name=”” template=”1″ link=”HBnEU” via=”no” ]Refinery: Why Modular May Not work[/ctt_author]   The plan by the federal government to establish modular refineries to replace illegally operated ones in the creeks of the Niger Delta region comes with social and economic benefits but there are enormous challenges ahead.   An aerial view of the creeks

Kemi Adeosun

G24 Meeting: Tax Revenue, Inclusive Growth, Budget Transparency Take Centre Stage

Finance minister, Kemi Adeosun has called for a focus on non-oil revenue growth, tax compliance, and budget accountability to drive sustainable economic development. The minister spoke at a meeting convened by the G24 Group to discuss strategies to drive non-oil revenue and achieve inclusive growth. The minister said, “Revenue mobilization is critical to the success

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President Buhari Launched Economic Recovery And Growth Plan

[ctt template=”3″ link=”mxErc” via=”no” ]President Muhammadu Buhari has launched the Economic Recovery and Growth Plan aimed at restoring sustainable, accelerated inclusive growth and development in the country.[/ctt] The ceremony took place inside the Council Chambers of the Presidential Villa, Abuja before the commencement of the weekly Federal Executive Council meeting. In attendance were Vice-President Yemi


CBN Okays Establishment Of Development Bank Of Nigeria

The Central Bank of Nigeria, CBN, has approved the establishment of the Development Bank of Nigeria (DBN) Plc. Finance Minister, Kemi Adeosun said the approval was conveyed in a letter addressed to the Managing Director/Chief Executive Officer of DBN dated March 28, 2017. The letter was signed by the Deputy Governor of the CBN in