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An efficient payments system is the sine qua non of economic growth

Alan Greenspan, the US Federal Reserve Bank Chairman from 1987 to 2006, wrote (in his 2007 book THE AGE OF TURBULENCE) about his greatest worry when September 11 happened in the USthat  ‘If you wanted to cripple the U.S. economy, you’d take out the payment systems. Banks would be forced to fall back on inefficient physical transfers of money.
Continue reading An efficient payments system is the sine qua non of economic growth at Vanguard News Nigeria. …

Govt, stockbrokers to join hands for economic growth

Govt, stockbrokers to join hands for economic growth

The Federal Government and stockbrokers have reiterated their commitment to work towards the development of the economy. At an interactive session in Lagos, key members of the government’s Economic Management Team and capital market operators agreed on the importance of the capital market in national economic growth and development. Representative of the Vice President and […] …

Women, farmers key to successful economic growth of nation ― ADP Assembly candidate

HOUSE of Assembly candidate for Ogun State chapter of Action Democratic Party (ADP) for Abeokuta North Local Government, Mr Taofeek Ogunjimi, said his focus if voted into office would be the pursuit of empowerment of women and farmers, among others, declaring that women and farmers remained key to successful economic growth, political stability and social […]
The post Women, farmers key to successful economic growth of nation ― ADP Assembly candidate appeared first on Tribune Online. …

‘ICT key to economic growth’

‘ICT key to economic growth’

The information communication technology (ICT) and telecom industry are the key drivers of modern economic transformation and development, Communications Minister, Dr Adebayo Shittu said yesterday in Lagos. The minister who spoke at a forum tagged: Business Roundtable/Stakeholders Engagement  for the Financing   and Sustainability of the National ICT Park at the Abuja Technology Village, said with […] …

World Bank revises downward global economic growth to 2.9%

World Bank revises downward global economic growth to 2.9%

The bank in its January 2019 Global Economic Prospects, said “Growth among advanced economies is forecast to drop to 2 percent this year. Joseph Inokotong, Abuja The World Bank has projected global economic growth to fall from 3 percent recorded in 2018 to 2.9 percent in 2019 amid rising downside risks to the outlook. Nigeria […]
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Food sector can accelerate economic growth, revenue generation’

The founder of African Food Network, an online platform that seeks to promote African food recipes, Mr. Kevin Eze, has said that the food sector can accelerate economic growth and revenue generation for the government.
Continue reading Food sector can accelerate economic growth, revenue generation’ at Vanguard News Nigeria. …

Why we’re promoting economic growth, by group

Why we’re promoting economic growth, by group

The Under 40 CEOs Forum, has explained its determination to promote economic growth. The 2018 edition of the event which held last week in Lagos , had accomplished professionals and emerging business leaders share perspective on the theme “Wealth Creation, Management and Inclusion – Innovative Strategies To Induce Economic Prosperity.” Oby Ezekwesili, former World BankRead More …

CBN disburses N100bn MSME fund to support growth

CBN disburses N100bn MSME fund to support growth

“So far, the CBN has, through its MSME fund, disbursed over N100 billion to the MSME sector, but we still feel a lot can be done.” Omodele Adigun The Micro, Small and Medium Enterprises (MSMEs) have gulped over N100 billion from the coffers of the Central Bank of Nigeria (CBN) to support the country’s economic recovery […]
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Nigeria must strengthen credit administration and management to grow economy, says Igwilo

Nigeria must strengthen credit administration and management to grow economy, says Igwilo

Brown Chimezie As a measure to quicken economic growth, Chief Finance Officer of Heyden Petroleum Limited, Dr. Jerry Igwilo, has called for the strengthening of credit administration and management to eliminate waste from the system and get both lenders and beneficiaries of credit facilities accountable. Speaking on the sidelines of his induction ceremony as a […]
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Experts proffer ways to achieve economic growth

Experts proffer ways to achieve economic growth

Nigeria can grow its economy by embracing technology, promoting local content and industrialisation, some experts have said. They spoke at the celebration of this year’s African Industrialisation Day, with the theme: “Promoting regional value chains in Africa: A pathway for accelerating Africa’s structural transformation, industrialisation and pharmaceutical production”. The day was adopted by the UnitedRead More …

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