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Category: Economy

Economy headline

Senate assures AGIP of commitment on $13.5bn oil project

Iheanyi Ejiofor April 9, 2019 No Comments Senate assures AGIP of commitment on $13.5bn oil project

The Senate Committee on Local Content has assured Nigerian Agip Oil Company (NOAC) and other stakeholders of its support. The committee also expressed its commitment for the commencement of the 13.5 billion dollar …

Read More Senate assures AGIP of commitment on $13.5bn oil project
Business Economy headline

IMF projects gradual expansion for Nigeria’s economy

Iheanyi Ejiofor April 9, 2019 No Comments headline

The International Monetary Fund on Tuesday said Nigeria’s economy will expand a little faster than its earlier projection. In the World Economic Outlook report released at the ongoing spring meetings…

Read More IMF projects gradual expansion for Nigeria’s economy
Economy

Oil rises above $71 as Libya civil war threatens supply

Iheanyi Ejiofor April 9, 2019 No Comments Oil rises above $71 as Libya civil war threatens supply

The international oil benchmark, Brent crude, extended its gains on Monday, rising to a five-month high. Brent, against which Nigeria’s crude oil is priced, hit a high of $70.86 per…

Read More Oil rises above $71 as Libya civil war threatens supply
Economy

World Bank forecasts Kenya’s economy to grow by 5.7% in 2019

Iheanyi Ejiofor April 9, 2019 No Comments World Bank forecasts Kenya’s economy to grow by 5.7% in 2019

The World Bank has projected Kenya’s economy to grow by 5.7 per cent in 2019, down from estimated growth of 5.8 per cent in 2018, an official said on Tuesday.…

Read More World Bank forecasts Kenya’s economy to grow by 5.7% in 2019
Business Economy headline

Nigeria’s economy slipping- World bank

Iheanyi Ejiofor April 8, 2019 No Comments headline

The World Bank has said that Nigeria’s economy has performed below expectations dating back to 1995. In a report on Monday, in the 14th edition of Africa’s pulse which examined…

Read More Nigeria’s economy slipping- World bank

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