Wednesday, December 12, 2018
Economy

Economy

Read the latest Economy news from Nigeria and Africa

Lekki $450 Million International Airport Plans Snubbed by Investors

After a promising good start to the construction of an international airport in Lekki, thick grass and trees have overwhelmed the three thousand hectares of land stipulated for the project. The project has been abandoned for...

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'...

Low Oil Prices Continue to Cut Into Nigeria’s Budget

By Chris Stein Oil was on the mind of Nigeria’s President Muhammadu Buhari during his three-country tour of the Middle East last month. In Qatar, he called the low global price of crude oil “unacceptable.” And...

Nigeria’s Potential for Profitable and Eco-Friendly Growth

Contrary to the prevailing trend in Africa, Nigerian President Muhammadu Buhari’s government seems keen to focus on achieving many of the sustainable development goals.

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....

What Does Oil Vandalism Mean for the Nigerian Economy?

Oil is Nigeria's major source of revenue and the attacks on oil installations (majorly in the Niger Delta region of the country) has greatly affected the nation's economy and supply of crude oil product...

Harsh Economic Times Reawaken Militant Violence in the Delta Region

“General” Ramsey Mukoro opens a wad of cash and orders a double Hennessy before issuing his warning: the rebellion he was part of is threatening to return to the oil-rich Niger River delta. Sipping the...

Grab a Parachute – the Nigerian Economy is in Freefall

By William Wallis Reality for Nigerians comes harder by the day. Investors told the Finance Minister Kemi Adeosun in London this week that in the current climate even a high-yielding sovereign bond would be a...

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...

Federal Government Applauds Northern States Over Solar Energy Commitment

The interest of investors, especially manufacturing concepts, always depends on the buoyancy of the electricity supply in the environment. Unemployment can majorly and effectively be addressed with the aid of manufacturing companies bringing in jobs. But...

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...