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Economy

It’s always about the economy, stupid…

Economy

Nigeria’s Niger Delta Holds 37 Billion Barrels In Crude Oil Reserves – Agency Says

Agency Reports -
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...
Economy

Bank Of Industry Has N7 Billion Facility For The Creative Industry – Finance Minister

News Agency of Nigeria -
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...
Economy

CBN Returns Excess N60 Billion Charged From Customers’ Accounts By Banks

Doyin Ajayi | Sub-Editor -
The Central Bank of Nigeria, CBN, said it has recovered over N60 billion excess charges imposed by banks on customers and returned the money...
Economy

CBN Injects $218.41 Million, 18 Million Chinese Yuan Into Retail Secondary Market

News Agency of Nigeria -
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...
Economy

Nigeria To Stop Fish Importation By 2022 – Agric Minister Declares

News Agency of Nigeria -
Sabo Nanono, the minister of Agriculture and Rural Development, says following Federal Government’s effort to encourage local production, Nigeria may stop fish importation in...
Economy

Under Buhari, Nigeria Ranked 2nd Most Corrupt Country In West Africa

Doyin Ajayi | Sub-Editor -
Nigeria has been rated the second most corrupt country in West Africa ahead of Libya. Transparency International, a global corruption watchdog in a report on...
Economy

18 Billion Litres Of Petrol Were Consumed In Nigeria In 2019 – Petroleum Pricing Agency Reveals

Wires Editor | The Trent -
About 18 billion litres of petrol, PMS, was supplied in Nigeria for 2019, a report by the Petroleum Products Pricing Regulatory Agency, PPPRA, has...
Economy

Mounting Rancour Between US And Iran Pushes Crude Oil Price Above 2020 Budget Expectations

Wires Editor | The Trent -
Iran may be raising red flag and vowing to revenge the killing of its Revolutionary Guards’ (Overseas Forces) commander, Qasem Soleimani, in a Thursday,...
Economy

80% Of Nigeria’s Oil and Gas Revenues Benefits 1% Of The Population – World Bank

Wires | The Trent -
When it comes to producing oil and gas, Nigeria is arguably, without an equal when compared to its other African counterparts. Not only is it...
Economy

Nigeria To Ditch Naira, Adopt New ECOWAS Currency, ECO, In 2020

Agency Reports -
As part of its plans to redress the region’s economic problems; leaders of the Economic Community of West African States (ECOWAS) have adopted the...
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