Monday, February 19, 2018
Economy

Economy

Read the latest Economy news from Nigeria and Africa

The Economic and Business Climate in Nigeria – Week in Review

The Nigerian economy is still in a shaky state after the ratification of the 2016 budget. Herein are some of the findings pertinent to business investments in country.  Federal Government directs MDAs to submit priority projects'...

Nigeria Targets 2.4mbpd Oil Output In 2016 – Kachikwu

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has disclosed that Nigeria is targeting 2.4 million barrels of crude oil per day (mbpd) in output in 2016. He said that even though...

Fuel Subsidy Removal in Nigeria and the 2012 Activists

By Smart Emuoborsan In 2012, when former President of Nigeria, Dr. Goodluck Ebele Jonathan proposed the removal of the fuel subsidy in the country, all hell broke loose, Nigeria was shut down for weeks by a...

Lagos Hosts Youth Entrepreneurship Summit July 12

Moving forward despite struggles to stabilize the Nigerian economy,  different skill acquisition programs have been set up by several individuals to assist in actualizing more sustainable economic value in the country. Many of these programs were...

Here’s What You Should Read Before Doing Business in Nigeria: A Guide

Nigerian businesses are in a conundrum at this point in time. Many businesses are at both extremes of the divide; some are making profit while some companies are losing heavily. Some of these profits...

Nigeria’s Downward Spiral – On the Brink of Recession

By Chris Stein Nigeria’s central bank governors are meeting amid a gloomy financial outlook for Africa’s largest economy. Numbers released last week show the country's economy contracting. Economists blame a shortage of fuel, persistent power...

Corruption Won’t Be Accepted in My Administration – Buhari

Nigeria's President Muhammadu Buhari has reiterated that his war against corruption in the country won't be compromised regardless of any pressure that may arise. He gave this statement through his Special Adviser on Media and...

The Nigerian Health Act, 2016 Budget, and Lassa Fever on the Rise

By Felix Abrahams Obi Nigeria has repeatedly been lauded for the detailed prevention strategy and considerable resources it pumped into its polio campaign. It is also praised for managing to contain the Ebola virus within...

Security Challenges Changed Uganda’s Plan of Passing an Oil Pipeline Through Kenya

Kenya and Tanzania are very close countries in the eastern part of Africa. These two countries are interlocked by Uganda, thereby making the three countries form a bow-like piece of land with Burundi and Rwanda...

No Peace Deal As Niger Delta Avengers Blow Up Chevron Pipeline

There may be no peace deal between the Federal Government and the Niger Delta Avengers as the group blew up another pipeline belonging to Chevron Nigeria at 1:00 a.m. on Wednesday (GMT + 1). The separatist...

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...