THE National Bureau of Statistics (NBS) recorded inflation rate hitting 18.55per cent last month in the country from 18.48 per cent in November, the highest in 11 years. Prices of food…
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Category: Economy
Fidelity Bank rewards customers with N9m
Chidi Samuel Fidelity Bank Plc, Thursday doled out a total of N9 million to six of the bank’s customers in the fourth draw of the bank’s ongoing ‘Get Alert in…
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Germany, France, AfDB to fund Development Bank of Nigeria
The Development Bank of Nigeria (DBN) is expected to kick off operations in 2017, with funding from Germany, France, the World Bank, and a few other financing institutions. According to…
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NNPC proposes hike in crude oil royalties
The Nigerian National Petroleum Corporation, NNPC, on Thursday proposed some key amendments to the Deep Offshore and Inland Basin Production Sharing Contract (PSC) Act to enable the Federal Government optimize…
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China mulls $40b investment in Nigeria
China is investing additional $40 billion in Nigerian economy, its Foreign Affairs Minister, Mr Wang Yi, said on Wednesday at a bilateral meeting with his Nigerian counterpart, Mr Geoffrey Onyeama,…
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