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Economy

Petrol Tanker Drivers Planning Nationwide Strike From Monday

The Petroleum Tanker Drivers, PTD, arm of the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, says it will commence a nationwide strike...

‘Amidst Budget Cuts, Africa Faces Worst Hunger Crisis In 70 Years’

Africa faces the world’s largest humanitarian crisis since 1945, with more than 20 million people facing starvation, and any cut in funding to humanitarian...

Niger Delta Militants Have Significantly Reduced Nigeria’s Revenue – Adeosun

The Federation Account Allocation Committee, FAAC, on Tuesday, March 21, 2017 shared N429.1 billion, about N36 billion less than what the three tiers of...

Naira Appreciates Slightly Against Dollar, Pounds, Euro (SEE Rates)

The Naira has continued to appreciate against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency on Tuesday,...

NNPC Targets 4,000 MW Power Generation In 10 Years

The Nigerian National Petroleum Corporation, NNPC, says it will generate about 4,000 megawatts of power in the next 10 years to boost power supply...

Crude Oil Depositions Discovered In Bida Basin, Niger – IBB Varsity Research Centre

Crude  oil deposits have been found in Bida basin in Niger State, according to Nuhu Obaje, the director of the Ibrahim Badamasi Babaginda University Research...

Under Buhari: Nigeria’s GDP Shrinks From $575 Billion To $354 Billion – Soludo

Chukwuma Soludo, a professor of economic and a former governor of the Central Bank of Nigeria, CBN, has said the size of nation’s Gross...

Fighting Recession: CBN Injects Additional $170 Million Into Economy

In a bid to end recession, the Central Bank of Nigeria, CBN, has once again injected additional $170 million in the interbank market on Thursday...

Saving The Naira: CBN Injects A Further $350 Million In Nigerian Interbank Market

Determined to ease the foreign exchange pressure on Nigerians seeking to carry out international transactions, the Central Bank of Nigeria, CBN, will this weekend...

Opinion: Get Ready For The Oil, Food, Financial Crash Of 2018

New scientific research suggests that the world faces an imminent oil crunch, which will trigger another financial crisis. A report by HSBC shows that contrary...

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