—low oil prices shrink economy —Rise in unemployment —Non-oil sector contracted by -0.4 —Inflation hits 17.1 —Agriculture grew by 4.5 per cent…
Category:
Economy
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The Founder of Facebook, Mark Zuckerberg, has urged Information Technology (IT) entrepreneurs to focus on learning at all giving opportunities. Zuckerberg made…
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TWO years after the United States government gave Nigeria an ultimatum to put its port security in order, or face sanction, the…
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The Central Bank of Nigeria ( CBN ) has reinstated the nine banks that were recently suspended from the foreign exchange market. They…
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Nigeria’s July 2016 inflation rate rose to17.1 per cent, its highest point of since 2005, a significant up tick. Report released by…
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Nigeria’s revenue from crude oil sales dropped lower to N1.203 trillion in the first half of 2016. It dropped by N577 billion…
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Ahead of 2017 budget, the Federal Government yesterday commenced the training of planning and budget officers of 800 Ministries, Department and Agencies…
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The Vice President, Prof. Yemi Osinbajo, on Monday called on both local and foreign investors to be committed to the country’s economic…
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Organised Private Sector Operators, government agencies and officials of ECOWAS and development partners are pushing for full implementation of the Economic Community…
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Equity transactions on the Nigerian Stock Exchange (NSE) resumed for the week on Monday on a bearish trend as the market capitalisation…
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MARITIME Workers Union of Nigeria, MWUN, yesterday, said no fewer than 20 shipping companies, had shut operations in Nigeria due to unfavourable government’…
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A new Managing Director (MD) has been appointed for the National Economic Reconstruction Fund (NERFUND). He is Dr. Ezekiel Oseni. The Permanent…
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BusinessEconomyFinanceNews
Banks forex suspension: blame game galore as naira falls to N402 per dollar
A heated blame game is trailing the suspension of nine banks from the foreign exchange market as a result of non remittance…
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The President of Manufacturers Association of Nigeria (MAN), Mr Frank Jacob, says in spite of the current economic recession in Nigeria, the…
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Director, Institute for Agricultural Research (IAR), Zaria, Prof. Ibrahim Umar-Abubakar, said Nigeria’s wheat import bill stood at $6 billion annually. Umar-Abubakar said…