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Economy

Hyper-Inflation: Zimbabwe Scraps Local Currency

Zimbabwe is to scrap out its local currency, says the country's central bank, formalising a multi-currency system introduced during hyper-inflation. Other Foreign currencies such as...

OPEC: Increasing Demand For Oil May Keep Prices High

The Organization of Petroleum Exporting Countries on Wednesday June 10, 2015 stuck to its prediction of total oil demand of 92.5 million barrels per...

NNPC Pipeline Explodes as Vandals Strike Again In Lagos

An explosion on Tuesday, June 9, 2015 blasted the Nigerian National Petroleum Corporation (NNPC) pipeline in the Ije Ododo area of Lagos State, the...

Residents Promise To Proceed With Suit Over Exorbitant Bills

Since the adjournment of the case filed against the Eko Electrical Distribution Company (EKEDC) and the Nigerian Electricity Regulatory Commission (NERC) over outrageous electricity bills,...

Maiduguri Airport To Be Re-Opened Soon

Borno State Deputy Governor, Alhaji Zannah Mustapha, on Tuesday, June 9,2015 said that the Federal Government had approved the re-opening of the Maiduguri International...

Check Out Kim Kardashian’s Epic Birthday Surprise For Kanye West

Okay! A man doesn't turn 38 every day but this has got to be the best birthday surprise party ever! Apart from the announcement of...

Independent Petrol Marketers Plan Importation Of Fuel At Zero Subsidy

The Independent Petroleum Marketers Association Of Nigeria (IPMAN) has said that they are planing the importation petroleum product into the country without government subsidy. Speaking...

Thousands Of Demonstrators Protest At G7 Summit 2015 In Germany

Scores of demonstrators have besieged southern Germany where world leaders have gathered for the Group of Seven summit meeting which began in the mountain town of Garmisch-Partenkirchen on Sunday,...

$182 Million Halliburton Bribery Case To Be Reopened

It seems Nigerians have not heard the last of the widely publicized Halliburton bribery case in which many high ranking Nigerian officials and politicians were implicated. Following...

Dangote Commissions Cement Plant In Ethiopia

Africa's richest Aligo Dangote has commissioned a $500 million cement plant in Addis Abbaba, Ethiopia. The event was attended by several Nigerian business leaders...

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