Wednesday, January 16, 2019
Economy

Economy

Read the latest Economy news from Nigeria and Africa

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...
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The State of Nigeria as President Buhari Marks His First Year in Office

The anniversary It's exactly one year since President Muhammadu Buhari took over the helm of affairs in the country's political office after winning the 2015 Presidential election under the auspices of the All Progressive Congress...

Tactics at Play to Lift Nigeria Out of Recession

Nigeria is currently in a technical recession. With sales from barrels of crude oil showing no sign of rising at any level, (International Brent crude oil futures were trading at 49 cents, or 1.1 percent,...

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...

Moody’s Downgrades Nigeria’s Rating to B1 from Ba3; Assigns a Stable Outlook

Moody's downgrades Nigeria's sovereign issuer rating to B1 from Ba3; assigns a stable outlook Moody's Investors Service downgraded Nigeria's long-term issuer ratings to B1 from Ba3 as of this past Sunday and has assigned a...
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Niger Delta Avengers, The Nigerian Federal Government, and A Way Forward

There are severe problems to contend with between the Niger Delta Avengers and the Federal Government under the leadership of President Muhammadu Buhari over the blowing up of oil and gas pipelines in the...

Aliko Dangote May Soon Own Peugeot Nigeria

Africa's leading investor, Aliko Dangote has just made arrangements that could have him own the most stake in the Peugeot Automobile Company's Nigerian branch (PAN). Dangote, in collaboration with with Bank of Industry (BoI)...

Nigeria is Heading Towards Dictatorship – Says NLC Protester

On Wednesday, despite a court order, the Nigerian Labor Congress, (NLC) mobilized citizens in a peaceful protest across the country in opposition to the recent removal of the fuel subsidy and other government policies. The NLC...

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...