News - Business and Economy

Goodluck Jonathan Explains Why His Administration Did Not Deliver Report

1 week ago /

Former President Goodluck Jonathan has explained the reason why his administration could not implement the report of the 2014 National Conference before leaving the office.

NNPC Advises Motorists And Others To Disregard Fuel Hike Rumour

1 week ago /

The Nigerian National Petroleum Corporation (NNPC) has advised motorists and other petroleum products consumers to disregard trending rumours of a planned hike in the pump price of Premium Motor Spirit (PMS), otherwise called petrol.

CBN Intensifies Financial Literacy Consumer Protection Campaign

1 week ago /

The Central Bank of Nigeria (CBN) has continued to intensify its campaign aimed at creating a knowledgeable customer base for financial institutions.

Nigeria’s Debt Grows to N24.947tn in Q1

1 week ago /

A marginal increase of N560.009 billion, representing 2.3 per cent rise in the first quarter (Q1) of 2019, has pushed Nigeria’s total public debt, comprising the federal government, states and the Federal Capital Territory (FCT) debt stocks to N24.947 trillion or $ 81.274 billion as at March 31, 2019, according to data from the Debt Management Office (DMO).

Osinbajo On Human Capital Development

1 week ago /

Vice President Yemi Osinbajo has continued to emphasize the firm commitment of the Buhari administration on Human Capital Development, stating that the Federal Government is creating economic opportunities for young people, and ensuring a conducive environment for businesses to thrive in the country.

The EFCC Re-Arraigned Former Ekiti State Governor

2 weeks ago /

The Economic and Financial Crimes Commission (EFCC) yesterday re-arraigned former Ekiti State Governor, Ayo Fayose, for alleged money laundering.

U.S. To Re-Start China Trade Talks

3 weeks ago /

The United States hopes to re-launch trade talks with China after President Donald Trump and President Xi Jinping meet in Japan on Saturday, but Washington will not accept any conditions around the U.S. use of tariffs in the dispute, a senior administration official said on Tuesday.

Emefiele Promises To Recapitalise Nigerian Banks

4 weeks ago /

The Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, has pledged to reposition Nigerian banks through recapitalisation during in his second term.

White House Outlines $50bn Middle East Economic Plan

4 weeks ago /

The White House on Saturday outlined a $50 billion middle east economic plan that would create a global investment fund to lift the Palestinian and neighboring Arab State economies, and fund a $5 billion transportation corridor to connect the west bank and Gaza.

Zimbabwe To Introduce New Currency In 2020

1 month ago /

Zimbabwe's President Emmerson Mnangagwa has said that he wants to implement a national currency by March 2020.

Oguta, Ohaji Egbema Youths Demand 13% Derivation

1 month ago /

Hundreds of youths from Oguta and Ohaji Egbema council areas of Imo state have taken to the Streets of Owerri the Imo state capital to demand 13% derivation from the new administration of Emeka Ihedioha.

NNPC Subsidiary Posts N6.75bn Profit In 2018

1 month ago /

The National Engineering and Technical Company Limited, NECTO, a subsidiary of the Nigerian National Petroleum Corporation has posted a total profit of six point seven five billion naira in 2018.

CBN Funds Cotton, Textile And Garment Value Chains In South East, South South

1 month ago /

The Governor of the Central Bank of Nigeria, Godwin Emefiele has emphasized the need for diversification of the economy for the rapid growth of the country's economy and reduction of unemployment.

NDDC Reaffirms Commitment To Sustainable Regional Development

1 month ago /

The Acting Managing Director of the Niger Delta Development Commission, NDDC, Professor Nelson Brambaifa says the commission will work closely with Niger Deltans in order to achieve sustainable regional development.

Putin Says U.S. and Russia Relations Are Worse

1 month ago /

President Vladimir Putin said relations between Moscow and Washington are getting worse, noting in an interview published on Thursday that the current U.S. administration had imposed dozens of sanctions on Russia.

Campaign Groups Petition Banks Over Ugandan Oil Sector

1 month ago /

A group of 30 international and local campaign groups have petitioned two banks to abandon plans to raise funds to build an oil pipeline to export Ugandan oil, saying the project would damage local livelihoods, water resources and wildlife.

Gov.Ayade Says CBN Places N3billion Rice Seedling Order In Calabar

1 month ago /

The Central Bank of Nigeria, CBN has placed rice seedlings order worth three billion naira from Cross River State government to supply seedlings to states in southern Nigeria as part of wet planting season programme.

Ugwuanyi Promises Massive Infrastructure Development In Second Term

1 month ago /

Enugu State Governor, Ifeanyi Ugwuanyi has been sworn into office for a second term.

China’s Huawei Technologies Files Motion In Lawsuit Against Government

1 month ago /

China’s Huawei Technologies Co Ltd has filed a motion for summary judgment in its lawsuit against the U.S. government, in the telecoms equipment maker’s latest bid to fight sanctions from Washington that threaten to push it out of global markets.

MTN Suffers First Share Price Fall, Dropping ASI 1.9%

1 month ago /

MTN Nigeria Communications Plc on Friday suffered its first share price fall since listing on the Nigerian Stock Exchange, NSE.

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