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Economy

It Gets Worse: Ecobank Sacks Over 1,040 Workers

As the country continues to face uncertain economic climes, Ecobank Nigeria has joined the ranks of organisations downsizing their workforce as over 1,040 of...

Lost Year Under Buhari Leaves Nigeria’s Economy On Its Knees [Bloomberg]

Muhammadu Buhari took office as Nigeria’s president a year ago on a wave of optimism that the ex-military ruler could revive Nigeria's economy battered...

Sycophant: Oshiomhole Urges Buhari To Deploy Military Action On Niger Delta Avengers

NAN - The Edo state governor, Adams Oshiomhole, on Wednesday, June 1, 2016 condemned the activities of the Niger Delta Avengers, urging the federal...

Niger Delta Avengers: Nigeria’s Oil Production Falls Below A Million Barrels A Day

Nigeria is not Africa's oil king no more as the West African giant's oil production drops to below one million barrels per day due...

INSENSITIVE: 45% Increase In Electricity Tariff Is Permanent – Fashola

The minister of power, works, and housing, Babatunde Fashola on Tuesday, May 31, 2016 availed that the Federal government would not be reversing the...

It Gets Worse: Power Sector Loses N2 Billion Daily As More Turbines Pack Up

Nigeria's power sector is reportedly losing about N2 billion daily owing to the  renewed spate of bombings by militants in the Niger Delta area. According...

Nigeria’s Economy Suffered Setback Under Buhari’s Gov’t – Expert Report

The Lagos Chamber of Commerce and Industry on Sunday May 29, 2016 said that the policy thrust of the President Muhammadu Buhari’s government was...

In Desperation, FG Agrees To Engage Militants On Oil Pipeline Security Contracts

In order to find a lasting solution to the renewed militancy in the Niger Delta region, the federal government has agreed to re-engage persons...

Senate Blasts Auditor-General Over Shabby Annual Reports

The Senate Committee on Public Accounts on Thursday reprimanded the outgoing Auditor-General of the Federation (AuGF), Mr. Samuel Ukura, over what it described as his...

We Cannot Fund Every Project In The 2016 Budget – Finance Minister

THE Minister of Finance, Kemi Adeosun, yesterday, said that due to the paucity of funds, agencies should not expect to get completely what was...

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