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UK in dark mood as new recession may be confirmed

A matter of confidence: UK in low spirits as official data may put country back in recession Recession may just be a word. But in Britain it may become a habit — and a dangerous one at that. It’s possible that official figures on first quarter economic growth, to be […]

7% tax contribution to GDP unacceptable- Okonjo-Iweala

The Minister of Finance, Dr. Ngozi Okonjo-Iweala has said the nation’s tax to Gross Domestic Product ratio of seven per cent of GDP is not sufficient to build a strong economy. Okonjo-Iweala said this during a presentation at the spring meeting of the World Bank Group and the International Monetary […]

AMCON is Succeeding, Says Sanusi

Contrary to the suggestion by the International Monetary Fund (IMF) that the Asset Management Corporation of Nigeria (AMCON) should wind down its operations, the Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi,  has said  the corporation is on track and is achieving its goals. Sanusi, who […]