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Category: Business

Business Economy

Nigeria’s economy slips into recession, the second in four years

Iheanyi Ejiofor November 21, 2020 No Comments the second in four years

Ebun Francis| Nigeria’s economy has slipped into another recession, the second in a space of four years. According to a new report released by the Nigeria Bureau of Statistics on…

Read More Nigeria’s economy slips into recession, the second in four years
Business Economy headline

NNPC says crude oil discovered in commercial quantity in Benue Trough

Iheanyi Ejiofor November 20, 2020 No Comments #NNPC says crude oil discovered in commercial quantity in Benue Trough

The Nigerian National Petroleum Corporation (NNPC) on Thursday revealed that crude oil has been discovered in the Benue Trough in commercial quantity. The Group Managing Director of the Nigeria oil…

Read More NNPC says crude oil discovered in commercial quantity in Benue Trough
Business Economy headline

NLC rejects increase in petrol price, warns there’s a limit to what Nigerians can tolerate

Iheanyi Ejiofor November 16, 2020 No Comments #NLC rejects increase in petrol price

Ebun Francis| The Nigeria Labour Congress (NLC) on Monday took a swipe the Buhari’s government and condemned the recent hike in the pump price of Premium Motor Spirit (PMS), also…

Read More NLC rejects increase in petrol price, warns there’s a limit to what Nigerians can tolerate
Business Economy headline

Nigeria’s rising inflation hits 14.23 Percent

Iheanyi Ejiofor November 16, 2020 No Comments

Ebun Francis| Nigeria’s rising inflation trend in October, rising to 14.23 percent, 0.52 percentage points higher than the 13.71 percent recorded in September. According to the data released by the…

Read More Nigeria’s rising inflation hits 14.23 Percent
Business Economy headline

FG seeks $750m loan from World Bank to mitigate effect of COVID-19

Iheanyi Ejiofor November 13, 2020 No Comments #FG seeks $750m loan from World Bank to mitigate effect of COVID-19

By our reporter| Nigeria is on the verge of acquiring a 750 million dollar loan from the world bank to help states, Nigeria minister of finance, Zainab Ahmed said on…

Read More FG seeks $750m loan from World Bank to mitigate effect of COVID-19

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