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Economy

It’s always about the economy, stupid…

Economy

Austerity Bailout: IMF Boss, Lagarde Arrives Nigeria For Talks With Buhari, Others

Ella Ukairo | Tech Reporter -
The Managing Director of the International Monetary Fund (IMF), Ms. Christine Lagarde, arrived Nigeria Monday, January 4, 2015 to begin a four-day visit during which...
Economy

It Gets Worse: NNPC Owes IOCs $2.84 Billion (DETAILS)

Vanguard -
The insolvency of the Nigerian National Petroleum Corporation, NNPC, has been brought to the  fore, with its inability to fund its obligation to International Oil...
Economy

Oil Prices Rise After Saudi-Iran Rift (READ)

Wires | The Trent -
Growing tension between Saudi Arabia and Iran fueled a climb in oil prices Monday, as traders worried that an unstable political situation in the...
Crime

$250 Million Ibori Loot: British High Commissioner Confirms Funds Still In UK Economy

Signal -
The British High Commissioner to Nigeria, Mr. Paul Arkwright has said that the arrest and prosecution of James Ibori in a UK court demonstrates...
Economy

GLOOM: Oil Prices To Plunge, Remain Low For ‘Foreseeable Future’ – BP Chief Executive

Wires | The Trent -
Struggling oil producers could suffer even more pain in 2016 with further plunges in already record-low prices, BP Chief Executive Bob Dudley warned Saturday. “A...
Economy

More Bad News: Nigeria’s Foreign Reserves Hit 10-Year Low, Falling By $5 Billion

Wires | The Trent -
Nigeria’s foreign exchange reserves fell by $5,183,866,731 in 2015, closing the year at a 10-year low. The decline, which amounted to a 15-percent drop...
Economy

Buhari’s Convoy To Gulp N5 Billion In 2016 (DETAILS) #BudgetOfYams

News Desk | The Trent -
Developing figures from the presidency has it that the presidential convoy would gulp the sum of N5,095,017,785. According to the figures from the budget made...
Economy

BREAKING: FG Reduces Petrol Pump Price By 50 KOBO, Now Sells At N86.50

Salisu Sulaimon | Sub-Editor -
The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced a 50 kobo reduction in the pump price of petrol. According to the agency, petrol...
Economy

Nigeria’s Economy Will Be ‘Terrible’ Under Buhari In 2016 – The Economist [LOOK]

Salisu Sulaimon | Sub-Editor -
London-based magazine, The Economist has predicted a bleak 2016 for the Nigerian economy in its latest analysis and forecast of global events in 2016. According to...
Economy

FG, World Bank Disagree Over Nigeria’s Projected GDP Growth

Vanguard -
Contrary to the projections of the World Bank that pegged the Gross Domestic Product growth rate at 3.7 per cent, the Federal Government economic...
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