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Economy

It’s always about the economy, stupid…

Economy

Nigeria: Economic Decline Continues As GDP Shrinks For 5th Quarter

Bloomberg Business -
The ailing economy of Nigeria continued its slump and contracted for a fifth consecutive quarter in the three months through March as oil output...
Economy

Bad Luck: Nigerian Stock Market Loses N6.87 Billion After Ailing Buhari’s Reappearance

Wires | The Trent -
The Nigerian Stock Exchange, NSE, lost N6.87 billion within the first 78 minutes of President Muhammadu Buhari’s first appearance in 14 days on Friday,...
Economy

CBN Has Not Reversed Forex Ban on 41 Items

Kenneth Ebelemi | Sub Editor -
The Central Bank of Nigeria, CBN, has explained that the ban it placed on 41 items that are not eligible for foreign exchange is...
Economy

Nigeria To Exit Recession In 3rd Quarter – Emefiele

News Agency of Nigeria -
Godwin Emefiele, governor of the Central Bank of Nigeria, CBN, says the country should be out of recession by the third quarter of 2017. Speaking...
Economy

Nigeria Stock Exchange Bounces Back Amid Cautious Foreign Investors

Manny Akpan | Business & Economy Editor -
Nigerian stocks have bounced back even as foreigners remain cautious. For the third day running, the stock market has been vibrant as local pounce...
Business

Ecobank Records N50 Billion Loss, Analysts Blame It On Buhari Economic

Wires | The Trent -
Analysts are attributing Ecobank’s poor 2016 financial result to policies of the Muhammadu Buhari administration. The pan-African financial institution recently released its 2016 financial statement,...
Economy

As Naira Shores, CBN Injects $380 Million Into Economy

News Agency of Nigeria -
The Central Bank of Nigeria, CBN, has pumped a total $380million within two days into the Foreign Exchange Market. And the effect: a further strengthening...
Economy

FG Moves To Legalise Unlicensed Oil Refineries In The Niger Delta

Kenneth Ebelemi | Sub Editor -
Nigeria aims to legalise illicit oil refineries in the turbulent Niger Delta region, the vice-president’s office said on Thursday, April 7, 2017 hoping to bring...
Economy

CBN Shores Up Naira, Pumps $240 Million Into FOREX Market

Wires | The Trent -
Nigeria’s central bank said on Tuesday, April 4, 2017 it will offer dollar forwards to be delivered within two months to offset a backlog...
Economy

NUPENG Tanker Drivers Suspend Strike Following FG Intervention

Julius Okeke | Political Reporter -
The National Union of Petroleum and Natural Gas Workers, NUPENG, has suspended its nationwide strike which began on April 2, 2017. The suspension followed the...
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