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Category: Economy

Business Economy headline

Show capacity or step aside for other investors, FG warns DisCos

Iheanyi Ejiofor February 20, 2020 No Comments #Show capacity or step aside for other investorsFG warns DisCos

Ebun Francis| The federal government on Wednesday asked electricity distribution companies (DisCos) in the country to either show they have capacity or step aside for other investors as government cannot…

Read More Show capacity or step aside for other investors, FG warns DisCos
Business Economy headline

Buhari appoints Pondei ss acting NDDC MD

Iheanyi Ejiofor February 19, 2020 No Comments

President Muhammadu Buhari has approved the enlargement of the Interim Management Committee (IMC) of the Niger Delta Development Commission (NDDC), replacing Barrister Joy Nunieh with Professor Kemebradikumo Pondei, as Acting…

Read More Buhari appoints Pondei ss acting NDDC MD
Business Economy headline

Inflation rises to 12.13%, driven by increase in food prices

Iheanyi Ejiofor February 18, 2020 No Comments #Inflation rises to 12.13%driven by increase in food prices

By our reporter| The consumer price index which measures inflation rose to 12. 13 percent according to data from the National Bureau of Statistics (NBS) on Tuesday. According to the…

Read More Inflation rises to 12.13%, driven by increase in food prices
Business Economy headline

1bn barrel of crude oil discovered in Northeast – Sylva

Iheanyi Ejiofor February 13, 2020 No Comments #1bn barrel of crude oil discovered in Northeast – Sylva

The Minister of State for Petroleum Resources, Chief Timipre Sylva, said that about one billion Barrels of Crude oil have been discovered in Northeastern part of Nigeria. Sylva made the…

Read More 1bn barrel of crude oil discovered in Northeast – Sylva
Business Economy

CBN Injects Another $210m into Forex Market

Iheanyi Ejiofor February 12, 2020 No Comments #CBN Injects Another $210m into Forex Market

The Central Bank of Nigeria (CBN) has again injected the sum of $210 million into the inter-bank Foreign Exchange Market to boost liquidity in the sector. Sources at the Bank…

Read More CBN Injects Another $210m into Forex Market

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