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Category: Economy

Business Economy

Gunmen kill director of Dangote Cement

Iheanyi Ejiofor May 16, 2018

Emeka Ejere| Unidentified gunmen killed the manager of a plant owned by Dangote Industries Limited in Ethiopia on Wednesday after he was attacked in the restive Oromiya region while returning…

Read More Gunmen kill director of Dangote Cement
Business Economy headline

Petroleum Industry Bill not with Buhari – Presidency

Iheanyi Ejiofor May 16, 2018 headline

President Muhammadu Buhari has not received a copy of the Petroleum Industry Governance Bill recently passed into law by the National Assembly, the presidency said on Wednesday. The harmonised version…

Read More Petroleum Industry Bill not with Buhari – Presidency
Business Economy headline

Nigerian annual inflation falls to more than two year low in April

Iheanyi Ejiofor May 15, 2018 headline

Annual inflation in Nigeria stood at 12.48 percent in April, its lowest level in more than two years and its 15th straight monthly drop, the National Bureau of Statistics said…

Read More Nigerian annual inflation falls to more than two year low in April
Business Economy headline

Forex: Inter-Bank sector gets $210m

Iheanyi Ejiofor May 15, 2018 headline

In another round of intervention, the Central Bank of Nigeria (CBN) on Tuesday, May 15, 2018, injected the sum of $210million into the inter-bank Foreign Exchange Market to boost liquidity…

Read More Forex: Inter-Bank sector gets $210m
Business Economy headline

Shell, Eni trial on Nigeria corruption re-adjourned to June

Iheanyi Ejiofor May 14, 2018 headline

Emeka Ejere| The trial of top executives from oil majors Eni and Shell over alleged corruption in Nigeria kicked off on Monday with a brief procedural hearing and a decision…

Read More Shell, Eni trial on Nigeria corruption re-adjourned to June

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