Wednesday, December 12, 2018
Economy

Economy

Read the latest Economy news from Nigeria and Africa

Business Review for the Week

As the economy of Nigeria is currently in the doldrums, investigations have continually revealed funds that have not been accounted for. Nigerians are hopeful that the commonwealth will recover. NNPC did not remit N1.1tn in...

Mixed Reactions Trail Muslims Eid al-Adha Celebrations in Nigeria

In Nigeria millions of Muslims joined their counterparts around the world to celebrate Eid al-Adha (Eid ul-Adha or Eid Kabir) also known as the "Festival of the Sacrifice" on September 12, 2016 equivalent to...

Nigeria Enjoys Partnership with Turkey as Trade Volume Hits $1.145b

Updates on the business and international relationship between Nigeria and Turkey have yielded a positive result. The Turkish President, Recep Tayyip Erdoğan revealed the numbers behind the development in the trade volume between Nigeria and Turkey, amounting...
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Boko Haram Retreats in Maiduguri; Investors Resale Property to Returnees at Greater Profit Margin

Property investors in the Nigerian city of Maiduguri are benefiting from a rise in property prices following the retreat of Boko Haram fighters. Maiduguri is the largest city in Borno state, once a stronghold of...

Business Review for the Week Focus on Solar Power

There are slight changes in the business sector, herein are some business updates for the week: Nigerian equities recorded highest return on investment in May The Nigerian equities market fetched investors the highest returns in the...

China Set to Import More Oil from Nigeria; Optimistic News in Light of Fuel...

By Jill Malandrino Despite instability in crude oil prices, global production at record highs and Iran coming back on line to produce more oil than analysts expected, China wants to import more crude oil from...

Nigerian Business Guide in Perspective

The last week has brought about unprecedented change in the Nigerian business community as the price of Premium Motor Spirit (PMS) was increased by N58.50 per liter. This has resulted in inflation in the price...

This Week’s Focus on the Financial Sector

The report from the Nigerian Stock Exchange for last week implies that the country's financial sector performed woefully because of the long bank holiday from Tuesday to Thursday in commemoration of Eid al-Fitr for 2016....

Nigerians Hope for Economy: Two Oil Refineries to Start Operation Before January 2016

Efforts to curb the crushed Nigerian economy due to the fall of crude oil prices globally since the mid-year is underway. Nigerians find the rehabilitation of internal oil manufacturing as the way to curb the situation.

Britain Criticized For Helping Nigeria Launch into Space (Video)

The British Government has been slammed for giving billions to African countries which plan to have astronauts in space by 2030. Figures released last week show that Nigeria received £1 billion in foreign aid intended...

Latest Nigerian News

Nigeria @ 56: Economic Recession Won’t Last For Long, Buhari Appeals...

President Muhammadu Buhari has assured Nigerians that his administration would find a lasting solution to the economic recession. Buhari made this known during his Independence...