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Economy

It’s always about the economy, stupid…

Business

OPEC Members Agree To Cut Daily Oil Output

Wires | The Trent -
The Organisation of Petroleum Exporting Countries, OPEC, and its non-OPEC allies, led by Russia, on Sunday, April 12, 2020, finally agreed to cut members’ crude...
Economy

‘Petrol Subsidy Has Been Removed Permanently’ – NNPC Boss Says

Abdul Jummai | Politics Reporter -
Mele Kyari, the group managing director of the Nigerian National Petroleum Corporation, NNPC, has said that the subsidy on petrol has been removed permanently. Responding...
Economy

Oil Price Crash: Nigerian Government Reduces Petrol Pump Price To N125

News Agency of Nigeria -
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...
Business

SAD: Inflation Rises To 12.20% In February – NBS

Agency Reports -
The National Bureau of Statistics, NBS, says the inflation rate in February 2020 increased by 0.07 percent to 12.20 percent from 12.13 percent recorded...
Economy

Naira Recovers From Days Of Panic Buying Induced Depreciation

News Agency of Nigeria -
The naira appreciated against the dollar on Friday, March 13, 2020, after days of panic buying amid speculations that the Nigerian central bank may...
Economy

More Hardship: FG Proposes Budget Cut As Oil Price Heads For $20

Wires Editor | The Trent -
With the cost of governance remaining high and slump in revenue subsisting due to the volatility of oil prices at the international market, the...
Economy

‘We Will Seize Your Private Jets, And You’ll Ride On Bicycles’ – CBN Governor Threatens Loan Defaulters

Wires Editor | The Trent -
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...
Economy

Buhari Regime Spent N43 Billion Subsidising Petrol In January 2020

Wires Editor | The Trent -
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...
Economy

Pipeline Surveillance: 10,000 Niger Delta Youth Set For Showdown With Buhari

Wires | The Trent -
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...
Economy

Nigeria Records High GDP Growth In Last Quarter Of 2019

Agency Reports -
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...
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