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Category: Economy

Business Economy

Nigeria’s inflation rate drops again – NBS

Iheanyi Ejiofor June 15, 2017 headline

Nigeria’s inflation dropped to 16.25 percent in May from 17.24 percent in April, according to the ”Consumer Price Index” for the month of May released by the National Burea of…

Read More Nigeria’s inflation rate drops again – NBS
Airlines Avaition | Transport Business Economy

Nigeria’s newest airline prepares for take off

Iheanyi Ejiofor June 14, 2017 headline

Nigeria’s aviation industry has suffered a prolonged spell of violent turbulence. The nation’s leading carrier was recently taken over by the government to prevent it collapsing. A crumbling runway closed…

Read More Nigeria’s newest airline prepares for take off
Economy

Nigeria lost $1 trillion to tax evasion by multinationals in 2016 – Osinbajo

Iheanyi Ejiofor June 14, 2017 headline

Nigeria lost about $1trillion last year to tax evasion and avoidance by multinationals, according to acting President Yemi Osinbajo. Prof. Osinbajo made the disclosure at the end of the Federal…

Read More Nigeria lost $1 trillion to tax evasion by multinationals in 2016 – Osinbajo
Economy

20 per cent of 2017 budget to be funded by recovered loot- Obla

Iheanyi Ejiofor June 14, 2017

The Senior Special Assistant to President Muhammadu Buhari on Prosecutions, Okoi Obono-Obla, said on Tuesday that part of the 2017 budget will be financed by recovered looted funds. Mr. Obono-Obla…

Read More 20 per cent of 2017 budget to be funded by recovered loot- Obla
Business Economy

Naira lifted Again As CBN Injects $418m

Iheanyi Ejiofor June 13, 2017 headline

…Investors/Exports Segment Hits $2.2BN The Naira is set to be given further lift in the forex market with CBN’s injection of another $418 million into various segments of the Interbank…

Read More Naira lifted Again As CBN Injects $418m

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