economic

The global glut plaguing liquefied natural gas(LNG) markets may start to dwindle in five years, threatening to spur a deficit equivalent to twice the output of leading producer Qatar. The development may have spiral effect on Nigeria, according to analysts. New projects are needed to fill the shortfall, with demand for the super-chilled fuel forecast […]

crude oil crude oil Oil-markets saw Brent crude supported by Saudi Arabia hoping to cut October supplies, while United States crude was curbed by refinery-outages due to Hurricane-Harvey damages, which dented demand. Focus was shifting to three other hurricanes that are currently tearing through the Caribbean and Gulf of Mexico. Brent crude futures rose to […]

DMO DMO The Federal Government has commenced a national roadshow in preparatory to the issuance of N100billion non-interest bearing Islamic bond, better known as Sukuk. A statement issued by the Debt Management Office in Abuja said the roadshow will be led by the Director-General of the DMO, Ms. Patience Oniha. The N100bn targeted from the […]

Dr. Kayode Fayemi Dr. Kayode Fayemi The Federal Government has declared tax holiday holidays and duty waivers on imported mining equipment to foreign investors in the nation’s mining industry. This was made known by the Minister of Mines and Steel Development, Dr. Kayode Fayemi while speaking on ‘Mining for Shared Prosperity: Why Nigeria, Why Now?’ at the […]Read More

The Central Bank of Nigeria (CBN) has unveiled new regulatory framework on Unstructured Supplementary Service Data (USSD), a banking platform, as part of efforts to mitigate risk by the customers. The central bank stated this in the draft framework that was posted on its website thursday. It pointed out that the implementation of the system […]

The Nigerian National Petroleum Corporation (NNPC) and ExxonMobil are collaborating to expand existing operational portfolio aimed at increasing the country’s crude oil output. Group Managing Director of NNPC, Dr. Maikanti Baru, said this in Abuja after a meeting with a high-powered ExxonMobil delegation led by Mr. Jack Williams, Senior Vice-President of the United States-based global […]

The African Development Bank ( AfDB ) and World Bank have earmarked 800 million dollars for the provision of agriculture technologies to farmers in Africa. AfDB President, Dr Akinwumi Adesina, made this known at the ongoing 2017 African Green Revolution Forum (AGRF) in Abidjan, made available to News Agency of Nigeria (NAN) in Abuja. According […]

Oil-markets on Friday saw Brent crude supported by Saudi Arabia hoping to cut October supplies, while United States crude was curbed by refinery-outages due to Hurricane-Harvey damages, which dented demand. Focus was shifting to three other hurricanes that are currently tearing through the Caribbean and Gulf of Mexico. Brent crude futures rose to 54.57 dollars […]

stock market stock market Heavy share price gains recorded by some companies, especially Dangote Cement, and Guinness lifted the Nigerian Stock Exchange (NSE) market capitalisation by 1.4 per cent. Specifically, at the close of trading yesterday, the market capitalisation of listed equities increased by N175billion or 1.42 per cent to N12.448trillion from N12.273trillion traded the […]

dollars dollars CBN Assures of Liquidity in Forex SupplyThe Central Bank of Nigeria (CBN) has assured of its continued intervention in the inter-bank Foreign Exchange market in order to sustain liquidity and stability in the sector. The Acting Director, Corporate Communications Department at the Bank, Mr. Isaac Okorafor, gave the assurance in Abuja on Friday, […]

While we all wish the president a speedy recovery, I am worried that as the biggest black nation in the world we cannot treat our president within our nation hence this write up. Although Nigerians must realise that the president deserves the best medical service available anywhere in the world we should not make this […]

President Buhari and Vice President Osinbajo President Buhari and Vice President Osinbajo The federal government has welcomed exit of Nigeria from recession, but with caution and optimism. It said it would continue to drive economic growth by vigorously implementing the Economic Recovery & Growth Plan (ERGP) launched earlier this year by President Muhammadu Buhari. A […]