Nigeria’s Forex Earnings Hit $24 Billion in Third Quarter 2016 The federal government aggregate foreign exchange (forex) inflow as at the third quarter of 2016 moved...
Seven Power Plants Down, 1,899MW Lost The shutdown of seven power plants across the country has led to a total electricity load loss of 1,899.7 megawatts....
Fuel Subsidy Returns as Landing Cost Hits N145 The Federal Government has resorted to subsidy regime following an increase in the landing cost of Premium Motor...
Warri, Kaduna Refineries Record zero Production Two out of Nigeria’s three refineries were completely dormant in November 2016 as they could not refine a drop of...
Ondo Partners Firm for Rice Production The Ondo State Government has signed a Memorandum of Understanding with an agro-allied firm, Africa Red Crest (Nigeria) Limited, for...
IMF Links Nigeria’s Economic Woes to Poor Management The International Monetary Fund has said that efforts to save the naira by rationing foreign exchange have failed....
Nigeria’s Inflation Rose Less Than Forecast in December The cost of living in Nigeria rose less than forecast in December, following a series of measure put...
FG to Borrow $40m for Health Services The Federal Government is finalising arrangement to access $40million from the Global Financing Facility for every woman and child...
NSE Predicts 0.6% GDP Growth Mr Oscar Onyema, Nigeria Stock Exchange (NSE) Chief Executive Officer, has predicted that Nigeria’s economy would recover from recession in 2017...
Oil Workers Suspend Strike The Nigeria Union of Petroleum and Natural Gas Workers on Wednesday suspended its three-day nationwide warning strike after a meeting with officials...
