COVID-19, Oil Prices Drag Nigeria Into Second Recession In Four Years
Nigeria is back in a recession for the second time in four years, no thanks…
Category: Business
The Socio-Economic Potentials Of CBN’s Youth Investment Fund
If well-implemented and devoid of political manipulation, the Nigeria Youth Investment Fund (N-YIF) should boost…
Britain And Canada Agree Post-Brexit Rollover Trade Deal
Britain and Canada struck a rollover trade deal on Saturday to protect the flow of…
Bitcoin Could Hit $500,000, The Founder And CEO Of Ark Invest Says
The price of Bitcoin has been on a tear, rising nearly 160% this year and…
Nigeria: Tax Reduction Designed To Make Nigerian Economy Attractive —Osinbajo
Vice- President Yemi Osinbajo has said the decision of the Federal Government to slash taxes…
Nigeria’s Real GDP Contracts By -3.62% In Q3 2020, Technically Enters A Recession
Overview of GDP in Quarter Three 2020 Nigeria’s gross domestic product (GDP) recorded a growth…
Gold Firms As Mnuchin Rekindles U.S. Stimulus Hopes
Gold edged higher on Friday after U.S. Treasury Secretary Steven Mnuchin signalled that negotiations on…
Biggest African Economy Falls Into Recession As Oil Output Drops
Africa’s largest economy has slumped into a recession in the third quarter as oil production…
AFTERMATH OF FUEL PRICE HIKE: Nigerians Groan As Prices Of Foodstuff, Goods, Services Skyrocket
As Nigerians continue to adjust to the “new normal” occasioned by the Coronavirus (COVID- 19)…
Why Abuja-Kaduna-Zaria-Kano Road Hasn’t Been Completed – Fashola
The Nigerian government reiterates commitment to completing Abuja-Kaduna-Zaria-Kano Dual Carriageway. The Minister of Works and…
Nigeria Slips Into Recession, Weighed Down By COVID-19 And Oil Prices
Nigeria has slipped into a recession after its gross domestic product contracted for the second…
Naira Burnout Continues, Now N484/$1 At Black Market
At the previous session, the Nigerian currency was exchanged against the American currency at the…
Nigeria Plunges Into Second Recession In Five Years
Nigeria, Africa’s biggest economy, has entered its second recession in five years as official figures…
Naira Plunges To N484/$1 On Parallel Market
The lingering acute shortage of foreign exchange in the country appears to be worsening as…
Nigeria: Cocoa Prices Rise As Producers, Processors Clash
Tensions between cocoa-producing countries and manufacturers over costs have led to soaring prices on the…
Nigeria Backtracks On Currency Rules After Naira Weakens
Nigeria’s central bank has backtracked on a rule that banned companies from sourcing imports from…
Elon Musk Passes Mark Zuckerberg To Become The World’s Fourth Richest Person
Tesl TSLA +2.6% a’s billionaire cofounder and CEO, Elon Musk, overtook Facebook FB +0.4% FacebookCEO…
Why Nigerians Should Invest In Bitcoin
As the world continues to learn more about investment options, bitcoin has also been making…
Next Africa: Cocoa’s OPEC Is In Fight With Few Winners
Ivory Coast and Ghana, who together produce about two-thirds of the world’s cocoa, are insisting…
Nigeria: Crude In Commercial Quantity Discovered In Benue Trough – NNPC
The Nigerian National Petroleum Corporation on Thursday said the volume of crude oil discovered in…
Nigeria: $30 Billion Fuels Import Outlay Present Energy Security Challenges
Industry stakeholders, yesterday, expressed concerns over the state of Nigeria’s petroleum downstream and of other…
Economic Data Puts The Loonie, The Pound, And The EUR In Focus
It’s was a busy start to the day on the economic calendar this morning. The…
Nigeria To Resume Fuel Imports From Niger Republic
Nigeria, Africa’s biggest oil producer, is set to resume the importation of petroleum products from…
Oil Rises, Set For Weekly Gain, On Covid-19 Vaccine Optimism
Oil rose, heading for a third weekly gain, as positive Covid-19 vaccine developments offered bulls…
Canadian Dollar Gains On Stimulus Hopes But Sticks To Recent Holding Pattern
The Canadian dollar rose against the greenback on Thursday as the prospect of renewed U.S.…
Nigeria: Customs Decries Smuggling Activities In Niger, Kwara Communities
Nigeria Customs Service (NCS) has listed some communities inKwara and Niger as notorious for smuggling…
FG Urged To Tackle Multiplicity Of Inspection, Shipping Charges
To ensure the drive by the federal government to boost exports succeeds, the government has…
Nigerian High Commission Seeks Release Of 12 Nationals From Meghalaya Jails
An official of the Home (Prisons) Department said that at least 12 Nigerian nationals are…
Financial Inclusion: Ray Of Hope As CBN Licenses PSBs
Bank account ownership is quite compulsory in many developed countries of the world. Research shows…
Lagos Free Zone To Boost Nigeria’s GDP By Two Per Cent
BUSINESS Experts have expressed confidence that the Lagos Free Zone (LFZ) has the capacity to…