Africa’s richest man, Aliko Dangote, has dropped out of the list of top 100 richest people in the world. This is largely due to the devaluation of the Naira. Dangote who owns the second […]
The Nigeria Immigration Service has announced the deportation of three South Koreans from the country over alleged immigration offences. The three persons, according to a statement by the spokesperson for the Nigeria Immigration Service, Ekpedeme […]
Twitter has agreed to a deal with Sky Sports to start broadcasting live Barclays English Premier League football clips over its platform. This will allow fans in UK & Ireland to watch a selection of […]
The Abuja-Kaduna rail line is one of the first standard gauge railway modernisation projects (SGRMP) undertaken in Nigeria, the most populous country in Africa. The standard gauge line connects federal capital city Abuja with its […]
Mrs. Kemi Adeosun’s official and point blank verdict on the nation’s economy came two days after the International Monetary Fund, IMF, forecast on Nigeria in its latest World Economic Outlook( WEO) titled “ Uncertainty in […]
Taxi drivers are celebrating a victory over Uber after the firm was barred from launching in Oxford. Uber applied to operate in the city after 50,000 people tried to access the service there in a year, […]
The Central Bank of Nigeria has extended a “short-term” loan to Skye Bank to enable it stabilise its operations after a panic withdrawal that ensued due to a massive resignations at the Board and Management […]
The economy is in recession, the government admitted yesterday. Budget and National Planning Minister Udoma Udo Udoma said two negative quarters growth “technically” amount to recession. He was aware of only the negative growth in the […]
By NAN For the first time in the 2016 fiscal period, the federal, states and local governments got monthly allocation from the Federation Account of N559.03 billion. This is as the gross revenue generated by […]
The Federal Government has asked oil majors, which recently sacked some of their workers, to recall the affected employees. In order to retain jobs in the oil and gas sector, the Minister of Labour and […]
The Minister of Finance, Kemi Adeosun, on Thursday said Nigeria is technically in recession. The minister made the declaration while briefing the Senate in Abuja. The minister said, President Muhammadu Buhari’s government inherited salaries and wages […]
No Nigerian company is listed on Fortune Global 500 list, which measures the biggest companies in the world by revenue, profit and staff strength. The list, which was released on Wednesday featured many countries operating […]
The monthly allocation shared among the federal, states and Local governments dipped by N18.2 billion, leaving the tiers of government with a total of N281.500 billion for April, shared yesterday in Abuja For March, N299.747 […]
Ghana’s finance ministry increased its economic growth forecast for 2016 two weeks after projecting the slowest expansion in more than three decades due to a “mistake” in its calculations. West Africa’s largest economy after Nigeria […]
The International Monetary Fund (IMF) has cut Nigeria’s gross domestic product (GDP) growth drastically, from the projected 2.3 percent in April 2016, to -1.8 percent, lowest in 29 years. In its revised World Economic Outlook […]
The naira is expected to depreciate further this week as rising dollar demand continues to put the local currency under pressure at the Central Bank of Nigeria’s interbank forex window and parallel market. The local […]
Militant group, the Niger Delta Avengers, has once again attacked a crude oil trunkline belonging to the Shell Petroleum Development Company of Nigeria in Batan, Warri South West Council Area of Delta State. It was […]
The consumer price index (CPI) measuring inflation in the Nigerian economy rose to its highest point since former President Olusegun Obasanjo’s days as the first citizen of Nigeria. The inflation report released by the National Bureau […]
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