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Category: Economy and Capital Markets
Anxiety grips Lekki residents as the port project nears completion
This is even as the Federal Government has provided sovereign guarantees totalling $3.306 billion and N2.72 trillion for infrastructure projects currently going on across the country, including the Lekki Deep…
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Restructure curriculum to accommodate crop production, group urge government.
Global Environmental and Climate Conservation Initiative (GECCI) has called on the government through the Ministry of Education to restructure the curriculum to ensure that the third term school curriculum emphasises…
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Nigeria earns zero revenue in one month from Crude Oil for the first time
At a time like this when many oil exporting countries are following the international crude oil market with broad smiles, the Nigerian National Petroleum Company (NNPC) Limited posted zero revenue…
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TikTok app opens recruitment in Nigeria
Short-form video streaming app TikTok has opened recruitment portals to fill positions in Nigeria and other countries. The job listings were seen on Tiktok’s career page and the open positions…
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Nigeria has gotten help from World Bank on fuel subsidies
The President of the World Bank Group, David Malpass, has said that the bank is ready to support Nigeria in phasing out regressive fuel subsidies while increasing social assistance for…
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CBN loans to FG hit N20.6trn-IMF and World Bank raised alarm
The Federal Government has shown no signs of putting the brakes on its recourse to the Central Bank of Nigeria (CBN) as its borrowing from the apex bank more than…
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Steady Electricity Supply Only A Pipe Dream, Says Minister of Power
The Minister of Power, Prof. Chinedu Nebo has admitted that it is not realistic that Nigerians will experience a steady power supply this year. He made this known today in…
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19.64% inflation rate highest-ever in 17 years, says NBS
NIGERIA’S inflation rate rose from 18.6% to 19.64% within a month, the National Bureau of Statistics said yesterday. The Bureau attributed the 17-year all-time high 1.82% jump – the highest…
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DISCOs: BPE, CBN give banks 6 month deadline to quit
The Bureau of Public Enterprises, BPE, and the Central Bank of Nigeria, CBN, has handed down a 6- month deadline to banks which recently took over the shares of core…
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The underlying causes of Nigeria’s inflation and commodity prices
Inflation is no stranger to the Nigerian economy. From the independence era to the present; the value of the naira has only been on a steady decline. Nigeria’s inflation rate…
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