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Category: Economy

Business Economy headline

Economy: Emefiele seeks stronger efforts against global shocks

Iheanyi Ejiofor June 8, 2019 No Comments #Emefiele seeks stronger efforts against global shocks

Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), on Saturday emphasised the need to strengthen efforts over the coming years to stimulate growth and create jobs in…

Read More Economy: Emefiele seeks stronger efforts against global shocks
Business Economy headline

FG revokes six oil licences to ‘recover legacy debts’

Iheanyi Ejiofor June 6, 2019 No Comments #FG revokes six oil licences to ‘recover legacy debts’

The Department of Petroleum Resources (DPR) on Thursday revoked five oil mining licences (OML) and one oil prospecting licence (OPL) belonging to five companies. According to the regulatory body, the…

Read More FG revokes six oil licences to ‘recover legacy debts’
Economy headline

Oando suffers share price drop after SEC action

Iheanyi Ejiofor June 4, 2019 No Comments

The share price of Oando Plc dropped by 9.52 per cent on Monday, the first day of trading after the Securities and Exchange Commission ordered the resignation of the company’s…

Read More Oando suffers share price drop after SEC action
Economy headline

Nigeria’s fuel subsidy not helping the poor — World Bank

Iheanyi Ejiofor June 4, 2019 No Comments

The Vice President for Sustainable Development, World Bank, Laura Tuck, has warned Nigeria and other countries paying subsidies on fossil fuels to desist from it as such practice was not…

Read More Nigeria’s fuel subsidy not helping the poor — World Bank
Economy headline

Emefiele begins second tenure as CBN Governor

Iheanyi Ejiofor June 3, 2019 No Comments #Emefiele begins second tenure as CBN Governor

Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), on Monday began his second tenure, following the confirmation of his re-appointment by the Senate on May 16. According…

Read More Emefiele begins second tenure as CBN Governor

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