Economy


An employee stands on a platform beside an oil storage tank at an oil plant operated by MND AS in Damborice, Czech Republic, on March 23. Photographer: Martin Divisek

Ghana’s TEN to Pump First Oil on Thursday

Ghana second commercial oil field, the Deep Water Tweneboa-Enyenra-Ntomme, will start pumping oil on Thursday. Joe Mensah, Vice-President and Country Director for American oil exploration…


bulk

Power: Price of Gas Rises by 60%

Following the free fall of the naira against the United States dollar, the cost being incurred for the purchase of gas for power generation has…



one year

Banks’ Fast-rising Bad Debts

As the level of non-performing loans (NPLs) in the banking system are on the increase as Nigeria’s macroeconomic indicators weakens, there are concerns about systemic…


U.K

U.K Inflation Rate Hits 20-Month High

U.K consumer prices rose to 20-month high in July. Consumer prices, which measures inflation rate rose 0.6 percent year-on-year. This was more than 0.5 percent…



Nigeria Customs Service

China Seeks Better Partnership With NCS

The Peoples Republic of China has expressed her readiness to seek deeper partnership with the Nigeria Customs Service (NCS). Stakeholders in the maritime industry have…