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Economy

New Militant Group, Niger Delta Avengers, Vows More Pipeline Blowups

A group that claimed responsibility for a major attack on a pipeline in Nigeria’s oil-producing Delta region said it will carry out more strikes,...

After Buhari’s Request Was Rejected, Nigeria’s Finance Minister Says We Don’t Need IMF Loan

Nigeria, which is going through its worst economic crisis in years, has not turned to the International Monetary Fund (IMF) for financial assistance because...

How Buhari’s $2 Billion Chinese Loan Puts Nigeria At Risk – Forbes Report [MUST READ]

Amid Nigerian President Muhammadu Buhari’s visit to Beijing this week, Foreign Minister Geoffrey Onyeama announced that China has offered Nigeria a $6 billion loan...

China Offers Nigeria $6 Billion Loans Tied To Infrastructure Projects

China has offered Nigeria a loan worth $6 billion to fund infrastructure projects, the Nigerian foreign minister said on Tuesday, April 12, 2016. The announcement...

#SoundOff: Examining Buhari’s Disastrous Decision To Tie Naira To Chinese Yuan

I see another brainlessness all over the place; celebration of visiting President Buhari's deal with China. I hear a lot of uninformed people stating...

We Spend $1.8 Billion To Import Fuel Every Quarter – NNPC

Nigeria National Petroleum Cooperation, NNPC, has revealed that an average of $1.8 billion is spent on quarterly basis on the importation of Premium Motor...

Buhari Is Surrounded By Visionless Men – Pat Utomi

Prof. Pat Utomi, renowned political economist and President of Lagos Business School, has taken a swipe on President Muhammadu Buhari’s government, describing it as...

From Dollar To Yuan: Nigeria Signs ‘Landmark’ Currency Deal With China

President Muhammadu Buhari and Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele moved closer to actualizing their promise to strengthen the naira against...

Fayose Visits China To Meet Agric Investors, Artisans Technology Experts

As part of his efforts to boost agriculture and improve technological expertise of artisans in Ekiti State, the State Governor, Mr Ayodele Fayose has...

Oil Hits 2016 High Of 43 Dollars Per Barrel

Oil reached a 2016 high, hitting 43 dollars a barrel on Tuesday, and supported by hopes that upcoming meeting of oil producers will agree...

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