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Category: Economy

Business Economy headline

Why floating of Air Nigeria was suspended- Amaechi

Iheanyi Ejiofor May 23, 2019 No Comments #Why floating of Air Nigeria was suspended- Amaechi

Chidi Samel| Rotimi Amaechi, Nigeria’s minister of transportation on Thursday revealed why the federal government suspended the establishment of the proposed national carrier. Amaechi who made the disclosure at his…

Read More Why floating of Air Nigeria was suspended- Amaechi
Business Economy headline

Reps address Buhari’s concern, passes PIGB bill

Iheanyi Ejiofor May 23, 2019 No Comments passes PIGB bill

The house of representatives on Thursday passed the petroleum industry governance bill (PIGB) after removing the provisions President Muhammadu Buhari disagreed with while declining to assent to bill earlier. In…

Read More Reps address Buhari’s concern, passes PIGB bill
Business Economy headline

CBN, MPC holds interest rate 13.5%

Iheanyi Ejiofor May 21, 2019 No Comments cbnMPC holds interest rate 13.5%

The monetary policy committee of the Central Bank of Nigeria (CBN) on Tuesday voted to keep the monetary policy rate at 13.5%. CBN governor, Godwin Emefiele who made the ddisclosure…

Read More CBN, MPC holds interest rate 13.5%
Economy

250,000bpd pipeline fire threatens Nigeria’s oil exports

Iheanyi Ejiofor May 21, 2019 No Comments

The nation’s crude oil exports have suffered a fresh setback following a fire outbreak on the Trans Forcados Pipeline, one of the nation’s key export routes. One of our correspondents…

Read More 250,000bpd pipeline fire threatens Nigeria’s oil exports
Business Economy headline

Nigeria’s GDP growth slows as oil sector contracts – Report

Iheanyi Ejiofor May 21, 2019 No Comments #Nigeria’s GDP growth slows as oil sector contracts

The National Bureau of Statistics (NBS) on Monday said Nigeria’s economic growth slowed as it recorded a gross domestic product (GDP) of 2.01 per cent in the first quarter of…

Read More Nigeria’s GDP growth slows as oil sector contracts – Report

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