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Economy

APC Was Ignorant About State Of Nigeria During Elections – Odigie-Oyegun

John Odigie-Oyegun, the national chairman of Nigeria’s ruling party, the All Progressives Congress, APC, has said the party did not know while it was...

Buhari’s Change! South Africa Regains Position As Africa’s Largest Economy

In dollar terms, South Africa is once again the biggest economy on the African continent, a position it reclaimed from Nigeria. This development is attributed...

Investors To Build $3 Million Dollar Beach Resort In Calabar – Governor Ayade

Ben Ayade, governor of Cross River State on Wednesday, August 10, 2016 announced plans to build a $3 million beach resort in Calabar, the...

Buhari Economy: Nigerian Stock Market Loses Over N1.6 Trillion in 18 Months

Nigerian stock market has lost about N1.6 trillion in the past 18 months, even as many blue chip companies quoted on the Nigerian Stock...

Niger Delta Avengers: NNPC To Import Crude From Chad, Niger

As part of the efforts to address frequent disruptions to the supply of crude oil to the Kaduna Refinery and Petrochemical Company, KRPC, as...

Shell Declares Force Majeure On Nigeria Gas Supply Due To Avengers Attacks

Royal Dutch Shell Plc said its local unit has declared force majeure on supplies to a liquefied natural gas plant in Nigeria because of...

NNPC Records N65.83 Billion Loss In 5 Months

State-owned oil company, the Nigerian National Petroleum Corporation, NNPC, recorded a total loss of N65.83bn between January and May this year, its latest group financial...

Okonjo-Iweala Cautions African Governments Against Handing Out Bailouts

The former finance minister in Nigeria, Dr. Ngozi Okonjo-Iweala, has warned Government over bailouts for financially distressed companies saying structured criteria should be put...

Nigerian Gov’t Economic Team Meets With ‘Experts’ Over Recession

The federal government’s Economic Management Team met with top economists and financial experts in Abuja  in continuation of its consultations towards tackling the country’s...

Central Bank Orders Banks To Accept Cheques In Saving Accounts

The Central Bank of Nigeria, CBN, has directed banks and other financial institutions to allow their customers that are savings account holders to lodge...

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