Wednesday, September 19, 2018
Economy

Economy

Read the latest Economy news from Nigeria and Africa

Crude Oil Price Drops to $38: Nigeria Plans to Boost Agriculture

Beyond surprise, the price of crude oil has dropped to 38.3% for the first time since 2010. The $38 USD price tag is a result of the decreasing demand in the crude oil market. The...

Militants Blow Up Agip Pipeline with Dynamite

Militants in the Niger Delta region continued their assault on pipelines as they attacked an Agip pipeline with dynamite in the southern part of Bayelsa State on Sunday. This was just after a similar attack...

Nigerian Business News – Week in Review

The introduction of the new foreign exchange market by the Central Bank of Nigeria has brought a change in the Nigerian financial market. Herein are details and highlights in the business sector for this week. Naira crashes...

Corruption, an Arms Deal Gone Wrong and Osinbajo States Nigeria Has Lost $15bn

Vice President, Yemi Osinbajo, on Monday disclosed that a mind-boggling sum of $15bn lost to corruption in security equipment procurement had adversely affected the economy of the country. Osinbajo vowed that this administration would not spare any...

College Students Protest Against Credit Card Ban

Students gathered outside a university in protest of Nigerians being banned from using their credit cards internationally.

Agriculture Minister Suggests Cassava as the Rescue Option for the Nigerian Economy

Cassava is a crop which depends on the stem for its propagation, but the yield comes from the root as tuber. And cassava tuber are used in making some local food commodities, which are...

Eight Hours in Line for Gasoline

Like the hundreds of motorists in front of him in line at the gas station, Idowu Balogun is there to pump petrol into his bike but he is disabled. It may be some time...

MTN Fine Saga: Not A Deterrent to Nigerian-South African Relationship

So much may have been said concerning the relationship between Nigeria and South Africa, that makes it look as if both countries are in divine cohesion. Regardless of the diplomatic relationship which binds both countries...

Why Cashews Could Drastically Help the Nigerian Economy in 2016

The National Cashew Association of Nigeria (NCAN) has revealed its commitment to boost the Nigerian economy through the platform of increased exportation of cashews, starting in February 2016. Speaking at a 2015 summit open to businesses planning...

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...

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...