Recall Sacked Workers, FG Tells Oil firms
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 […]
BUSINESS
Nigeria “Technically” In Recession – Kemi Adeosun
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 […]
Has Buhari Ruined the Economy: No Nigerian company in the world’s top 500
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 […]
Nigeria in Recession as April FAAC allocation drops to N281.5b
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 Sees More Positive Growth as it Increases 2016 Growth Forecast After Earlier ‘Mistake’
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 […]
Nigeria in Recession: IMF cuts Nigeria’s 2016 GDP growth forecast to -1.8%
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 […]
Nigeria in Recession: Naira to fall further on higher dollar demand
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 […]
Niger Delta Avengers crippling Nigeria’s economy, blow up Shell facility today
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 […]
Nigeria now in Recession as Inflation hits 16.5%, highest in recent history
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 […]
Breaking News: National Industrial Court Okays Strike Actions
The National Industrial Court siting in Abuja today held that workers are entitled to Strike Actions as of right. In the judgment delivered by Hon. Justice Kanyip in the suit brought by the Federal Government […]
CPC Unveils Mrs Aisha Buhari As Nigerian Consumer Protection Ambassador
The Consumer Protection Council (CPC) has named the wife of the President, Mrs Aisha Buhari as Nigerian Consumer Ambassador. This is contained in a statement issued by CPC’s Head of Public Affairs, Mr Abiodun Obimuyiwa […]
JAMB Clarifies 2016 Admission Strategy
The Joint Admissions and Matriculation Board (JAMB) says the recent lists forwarded to various tertiary institutions was for candidates that qualified for screening based on institutions’ capacity. The board’s Registrar, Prof. Dibu Ojerinde, made the […]
CPC Unveils Mrs Aisha Buhari As Nigerian Consumer Protection Ambassador
The Consumer Protection Council (CPC) has named the wife of the President, Mrs Aisha Buhari as Nigerian Consumer Ambassador. This is contained in a statement issued by CPC’s Head of Public Affairs, Mr Abiodun Obimuyiwa […]
Those Accusing Us Of Not Having Economic Plan Are Ignorant – Lai Mohammed
The Minister of Information and Culture, Alhaji Lai Mohammed, has said the Federal Government is very focused on the economy and has a clear economic plan to transform the country. The Minister maintained that those […]
Enugu Approves Retirement Of Over 1,000 Civil Servants
The Enugu State Government said that it would compulsorily retire no fewer than 1,087 of its civil servants over cases of age-falsification and ill-health. The state Commissioner for Information, Dr Godwin Udeuhele, told newsmen on […]
US unveils vehicle that powers homes
The automobile world is getting more excitingly high-tech by the day as automakers continue to research into new technological designs of bringing something novel to the table, all in a bid to beat competition and […]
Abuja Airport new terminal building ready in December
The Nnamdi Azikiwe International Airport, Abuja, new terminal building will be ready in December and will attract more investors, says Mr Ayo Ojebola, the resident Architect for Globarch Associates. Globarch Associates is the firm engaged […]