Economy

Economy

Read the latest Economy news from Nigeria and Africa

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WATCH As Nigerians Feel the Bite of Buhari’s Economic Policies

"My advice to the government is they should just try to look for a solution," a Nigerian citizen says. Nigeria's petrol crisis has taken a turn for the worse as some motorists now spend almost...

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...

Chinese Investors Build Pharmaceutical Park in Ogun State; 4,5000 Nigerians Employed

The Ogun State government and investors from China have signed a Memorandum of Understanding for the establishment of $1 billion hi-tech pharmaceutical park, hospital and a drug manufacturing industry for in the Free Trade...

Chevron Hit By Another Explosion in Warri Delta State

A new militant group calling themselves the Niger Delta Avengers hit a Chevron facility on Monday and gave a two-week ultimatum for oil firms operating in the region to shut down operations. The Avengers happened...

A Study Finds Nigeria’s Poor Contribution to Food Security Has Led to a Drastic...

The president of the Fisheries Society of Nigeria (FISON), Mr. Olajide Ayinla expressed his concern over poor food security, specifically in terms of fish protein in Nigeria. He faulted the Nigerian government for making poor...

EU Foreign Investment in Nigeria Wanes Along With Fuel at the Pump

EU Eyes Nigeria and Urges Efforts to Increase FDI It is no secret that Nigeria is heavily dependent on the exportation of oil, specifically the exportation of crude oil. The country currently does not have...

Nigerian Business and Economy – Week in Review

The Nigerian economy is being tested on many sides, at the moment, everyone is equally looking forward to how things will turn in the second quarter of the year. Our reporter, Olutayo Irantiola, examined...

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...

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...