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Category: Economy

Economy

Recession worsens as economy shrinks by 2.24 percent

Iheanyi Ejiofor November 21, 2016

Ebun Francis Nigeria’s economic recession worsened in the third quarter as the economy shrunk by 2.24 percent, according to figures released by the National Bureau of Statistics. “The nation’s gross…

Read More Recession worsens as economy shrinks by 2.24 percent
Economy

Lagosians consume N3bn foodstuffs daily – Ambode

Iheanyi Ejiofor November 11, 2016

Ebun Francis Lagos State consumes foodstuff worth over N3bn daily, according to Akinwumi Ambode, the executive Governor of Lagos state. Governor Ambode made the disclosure at the maiden edition of…

Read More Lagosians consume N3bn foodstuffs daily – Ambode
Economy

Obasanjo, Yar’Adua, Jonathan blew N70tn in 15yrs – NEITI

Iheanyi Ejiofor November 9, 2016

Chidi Samuel The Nigeria Extractive Industries & Transparency Initiative (NEITI)  said Nigeria could not account for about N70tn it generated from petroleum between 1999 and 2014. The period covers the…

Read More Obasanjo, Yar’Adua, Jonathan blew N70tn in 15yrs – NEITI
Business Economy

1,500 workers risk job loss as Erisco quits Nigeria for China, Kenya

Iheanyi Ejiofor November 7, 2016

Erisco Foods, one of Africa’s top tomato paste maker, owned by Eric Umeofia, says it is quitting Nigeria for Kenya, Cameroon, Cote d’Ivoire and Ethiopia. Umeofia, who confirmed the development in…

Read More 1,500 workers risk job loss as Erisco quits Nigeria for China, Kenya
Economy

200,000 N-Power jobs ready – FG

Iheanyi Ejiofor November 4, 2016

The Presidency has announced that the selection process for the first batch of 200,000 Nigerians to be engaged in the N-Power process has been completed. Senior Special Assistant to the…

Read More 200,000 N-Power jobs ready – FG

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