Economy

Nigeria Spends $28bn Annually to Import Petrol Nigeria allocates an average of $28 billion of her foreign exchange earnings yearly to import about 92 per…

Pipeline Vandalism Drops by 13%, Says NNPC The vandalism of oil pipelines in the downstream sector of the petroleum industry recorded a drop of 12.77…

Budget: FG to Release N350bn for Capital Projects The Federal Government is set to release the first tranche of capital release of N350bn to its…

Ajaokuta: Indian Firm Makes Fresh Demands on FG The peace accord signed by the Federal Government and the Indian firm, Global Infrastructure Nigeria Limited, for…

Diesel Price Has Fallen by 42%, Says NNPC The Nigerian National Petroleum Corporation on Sunday said it had successfully crashed the pump price of Automotive…

Osinbajo to Address Challenges in Aviation Sector The Acting President, Prof. Yemi Osinbajo, has said the federal government will urgently address challenges facing the aviation…

Kale: Nigeria Will Exit Recession Next Year Barring further economic upheavals or exogenous shocks, the Nigerian economy is expected to exit the recession in 2018,…

Nigeria’s N19tn Debt Portends Danger for Economy Economic experts have cautioned the Federal Government against further borrowing, saying the country’s debt profile of N19tn portends…

Petrol Price: FG Rules Out Total Deregulation The Federal Government on Thursday announced that it had ruled out the total deregulation of the downstream oil…