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Economy

Army Discovers ‘Massive’ Bunkering Site In Rivers

The Nigerian Army said it has uncovered a massive illegal oil bunkering site at the Makoba Beach in Port Harcourt, Rivers State. Ironically, the site...

Lack Of Fiscal Directives Responsible For Nigeria’s Tanking Economy – CBN Reveals

The Central Bank of Nigeria, CBN),has indicated that fiscal policy gaps and other factors outside its control have constrained the ability of its policies to...

Gloom: Naira Falls To N220/Dollar As Demand Increases Over School Fees, Hajj

The naira depreciated by N5 to N220 per dollar yesterday in the parallel market  as dollar demand to fund Hajj pilgrimage and payment of...

Briggs Cautions FG, NLNG Over Locating Of Dry Dock Outside Niger Delta (PHOTOS)

A Niger Delta leader, Ms Annkio Briggs, has cautioned the Federal Government and the management of Nigerian Liquefied Natural Gas on (NLNG) a looming...

Why We Now Have Electricity – NERC [INTERVIEW]

Sam Amadi is the chairman, Nigerian Electricity Regulatory Commission (NERC). In this interview with PEMBI DAVID-STEPHEN and PAUL CHIAMA, he speaks of the recent...

Buhari Grants 65 Licenses For Construction Of Private Refineries

President Muhammadu Buhari has granted licences to 65 Nigerian companies to construct modular refineries. The companies were selected from about 285 applications that were screened...

Nigeria’s Economy On The Brink of Collapse As Oil Price Crashes

Nigeria’s economy may be heading for trouble, as oil price crashed even lower at the weekend, thereby threatening the 2015 budget and fiscal plan. The...

GLOOM: Job Creation Has Dropped By 70% Under Buhari

AS President Mo-hammmadu Buhari begins action on his campaign promises one of the key promises, job creation, appears to have become further worsened as...

Fuel Subsidy Must Be Removed – NNPC Boss, Kachikwu

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Emmanuel Kachikwu, and other stakeholders argued, yesterday, that fuel subsidy was an unsustainable drain...

‘Kpomo’: Nigeria Losing Out On $75 Billion Global Leather Industry To Satisfy Stomach (READ)

Mr. Olufemi Aluko, of the Faculty of Clinical Sciences, Obafemi Awolowo University (OAU) , Ile-Ife, says Nigeria is losing out in the pack of...

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