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Category: Economy

Business Economy headline

Cement giant Lafarge charged with funding terrorists, ISIS

Iheanyi Ejiofor June 29, 2018 headline

    By Emeka Ejere French cement giant Lafarge was charged Thursday with complicity in crimes against humanity and financing a terrorist organisation for paying millions to jihadist groups, including…

Read More Cement giant Lafarge charged with funding terrorists, ISIS
Business Economy headline

World Bank approves $2.1bn loan for Nigeria

Iheanyi Ejiofor June 28, 2018 headline

Ebun Francis| The World Bank on Thursday said it has approved a loan of $2.1 billion for seven projects in Nigeria. More than half of the loan would be used…

Read More World Bank approves $2.1bn loan for Nigeria
Economy headline

Nigeria LNG to restart fifth unit in July after shutdown

Iheanyi Ejiofor June 28, 2018 headline

  By Emeka Ejere The Nigeria Liquefied Natural Gas’ (NLNG) fifth production unit, or train, is set to resume production in July after it shut down for maintenance on May…

Read More Nigeria LNG to restart fifth unit in July after shutdown
Economy headline

Announcement of new Iran sanctions triggers oil price rise

Iheanyi Ejiofor June 27, 2018 headline

  By Emeka Ejere The United States’ demand that importers stop buying Iranian oil saw prices surge following fears of a global shortage, but a potential trade war with China appears to…

Read More Announcement of new Iran sanctions triggers oil price rise
Business Economy

CBN injects another $210m into Forex Market

Iheanyi Ejiofor June 26, 2018 headline

The Central Bank of Nigeria (CBN) has made available the sum of $210million, to meet customers’ requests in various segments of the inter-bank foreign exchange market. The CBN, in its…

Read More CBN injects another $210m into Forex Market

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