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Economy

Oil Prices Falls Due To Surplus Supply

Oil prices slumped on Friday, November 23, 2018, to lows not seen since last year as concerns over high crude supplies triggered massive selling,...

‘We Don’t Have $3.5 Billion Subsidy Fund’ – NNPC Issues Disclaimer

The Nigerian National Petroleum Corporation, NNPC,  has denied claims that it has  in its custody 3.5 billion dollars subsidy fund. Ndu Ughamadu,  the NNPC Group...

Foreign Investors Withdraw N435.41 Billion From Nigerian Stock Market

Reports has it that foreign portfolio investors have pulled out billions of naira out of the Nigerian stock market in recent months amid bearish...

Alarming: Nigeria’s Foreign Debt Hits $22.08 Billion Under Buhari

The National Bureau of Statistics, NBS, says the country’s foreign debt stands at 22.08 billion dollars and  the domestic debt N3.48 trillion . The bureau...

‘Internet Users In Nigeria Reaches 103.6 Million In July’ – NCC

Internet users in Nigeria increased marginally to 103.6 million in July, the Nigerian Communications Commission, NCC, has said. The NCC disclosed this on Wednesday, September...

‘Nigeria To Become 3rd World Largest Exporter Of Gas’ – NLNG

The Nigeria Liquefied Natural Gas, NLNG, Limited., says its ongoing plans to reach a Final Investment Decision, FID, on its Train-7 project by December...

Nigeria: United Labour Calls For Immediate Passage Of New Minimum Wage Bill

The organised labour on Sunday, July 29, 2018, called for the immediate passage of the National Minimum Wage bill into law as soon as...

Federal Government Has No Commitment To Save – CBN Governor Emefiele

The Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, on Tuesday, July 24, 2018, warned the Federal Government to learn to...

Direct Link Between Decline In Religion And Upswing Of Economy – New Study

The findings of a new study have found that the secularisation of society is clearly linked to economic growth. From all indication the lower the people...

Withheld Federal Allocations: 14 State Governors Unable To Pay Salaries

Due to some states’ inability to meet vital financial obligations without allocation from the Federal Government is becoming clearer by the day following the...

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