Economy
It’s always about the economy, stupid…
Oil Price Crash: Nigerian Government Reduces Petrol Pump Price To N125
The Nigerian government on Wednesday, March 18, 2020 announced the reduction of the pump price of petrol to N125.
A statement by Nigerian National Petroleum...
Naira Recovers From Days Of Panic Buying Induced Depreciation
The naira appreciated against the dollar on Friday, March 13, 2020, after days of panic buying amid speculations that the Nigerian central bank may...
‘We Will Seize Your Private Jets, And You’ll Ride On Bicycles’ – CBN Governor Threatens Loan Defaulters
Godwin Emefiele, the governor of Central Bank has said the private jets belonging to loan defaulters would be seized.
Emefiele, who spoke on Saturday, February...
Buhari Regime Spent N43 Billion Subsidising Petrol In January 2020
The Federal Government, through the Nigerian National Petroleum Corporation, NNPC, paid N43.09 billion as a subsidy on Premium Motor Spirit, PMS, also known as...
Pipeline Surveillance: 10,000 Niger Delta Youth Set For Showdown With Buhari
Over 10,000 Host Communities of Nigeria Oil and Gas, HOSTCON, pipelines surveillance cadets trained on intensive surveillance have accused the Federal Government of neglect...
Nigeria Records High GDP Growth In Last Quarter Of 2019
Nigeria’s economic growth rose to an annual rate of 2.55% in the three months to the end of December, its highest quarterly growth since...
Nigeria’s Niger Delta Holds 37 Billion Barrels In Crude Oil Reserves – Agency Says
The nation’s crude oil reserves of 37 billion barrels, two percent of which is being produced annually, will be depleted in 49 years, according...
Bank Of Industry Has N7 Billion Facility For The Creative Industry – Finance Minister
Zainab Ahmed, Nigeria's finance minister, says the federal government through Bank of Industry (BoI) has approved facility of about seven billion naira under its...
CBN Returns Excess N60 Billion Charged From Customers’ Accounts By Banks
The Central Bank of Nigeria, CBN, said it has recovered over N60 billion excess charges imposed by banks on customers and returned the money...
CBN Injects $218.41 Million, 18 Million Chinese Yuan Into Retail Secondary Market
The Central Bank of Nigeria, CBN, has injected the sum of 218.41 million dollars into the retail Secondary Market Intervention Sales, SMIS.
Isaac Okorafor, the...
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Valentine Ozigbo Distributes 15,000 Hand Sanitizers To Combat Coronavirus Pandemic
Valentine Ozigbo, a Nigerian business mogul and philanthropist, on Saturday, March 28, 2020, implemented a social responsibility Coronavirus Street Awareness Campaign in his home...
