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Economy

Good News: Nigeria Becomes Africa’s Largest Economy, GDP Over $500 Billion

Nigeria has overtaken South Africa as Africa's largest economy after a rebasing calculation almost doubled its gross domestic product to more than $500bn, data...

Okonjo-Iweala Clarifies World Bank’s Poverty Rating Of Nigeria

ABUJA - The minister of finance and coordinating minister of the economy, Dr Ngozi Okonjo-Iweala, has ventured to explain the rating of Nigeria as...

Nationwide Blackout Looms As Electricity Workers Threaten Strike

The National Union of Electricity Employees (NUEE) yesterday alerted the federal government of plans to cripple operations in the power sector over alleged unfair...

The 16 Most Expensive Substances In The World [LOOK]

Gold means luxury right? The precious metal is widely associated with royalty and wealth. Turns out the stuff is actually a lot cheaper than some...

Ikeja Disco To Inject N600 Million For Improved Power Supply

In a move to ensure customers’ satisfaction, the Ikeja Electricity Distribution Company (IKEDC) has pledged to inject about N600 million to improve electricity supply...

Okonjo-Iweala Insists N24 Billion Is Not Missing From Police Pension Account

Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala has maintained her stance that N24 billion is not missing from the...

Senate To Pass Petroleum Industry Bill In 2014

Indication emerged on Wednesday that the National Assembly will pass the Petroleum Industry Bill (PIB) later this year. The hint was given by both the...

CBN Submits 2014 Budget To National Assembly For 1st Time In 5 Years

The Central Bank of Nigeria (CBN) yesterday defended its 2014 budget proposal before the House of Representatives Committee on Banking and Finance, the first...

Nigerian Farmers Choose Death By Lead Poisoning Over Poverty In Illegal Gold Mining

by Monica Mark Flanked by fields of millet and groundnut, the northern Nigerian outpost of Bagega is so far out on the periphery of the...

Group Rejects Emefiele’s Nomination As CBN Governor

A group under the aegis of Public Interest Lawyers League (PILL) has rejected the nomination of Zenith Bank’s managing director Godwin Emefiele as the...

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