Dangote To Diversify Investments Over Naira Risks
Africa’s richest man, Aliko Dangote, on Thursday disclosed plans to diversify his investments to the New York, United States. The billionaire will take office space in New York to help…
Nigeria, Others Pushed Global Debt To $188tn – IMF
Total global debt rose by $3tn to $188tn at the end of 2018 as Nigeria, China and other countries increased their borrowings, the International Monetary Fund said on Tuesday. Nigeria’s…
Senate Advocates Nuclear Energy, As Nigeria Seeks Russia’s Expertise
The Nigeria Senate advocated the need for the inclusion of nuclear power into the country’s energy mix. The development was sequel to federal government’s plan to diversify the nation’s energy…
Buhari Calls For Recapitalization Of African Energy Investment Corporation
By our business correspondent President Muhammadu Buhari, yesterday warned African Petroleum Producers Organization (APPO) that investment funds for the oil industry are fast drying up and emphasized the need for…
CBN: N1.3tr Spent To Import Rice, Wheat, Others In 12 Months
NOT less than N1.3 trillion was spent by the Federal Government on the importation of rice, fish, sugar and wheat in the last 12 months, the Central Bank of Nigeria…
World Bank Warns Of Rise In Poverty
The World Bank has raised the alarm that, as Nigeria’s Gross Domestic Product (GDP) declines, poverty will be on the increase. This is contained in the Nigeria Economic Update (NEU)…
Banks Recorded N42.7tn Electronic Transactions In Three Months —NBS
The banking sector recorded 800,201,498 volume of transactions valued at N42.76tn within the third quarter of this year. The figure is contained in the banking sector report which was released…
Nigeria Earned N275bn From Value Added Tax in third quarter of 2019
Nigeria has earned a total of N275.12 billion from Value Added Tax in the third quarter of this year, this figure was released by the National Bureau of Statistics. The…
Consumer Group Urges Speedy Passage Of Bill Criminalising Estimated Billing
A group, Electricity Consumer Protection Forum has called for the speedy passage of the bill seeking to criminalise estimated billings by Electricity Distribution Companies in the country. Its National Coordinator,…
$5.36b Injected Into Economy
The total value of capital injected into the economy in the third quarter of this year stood at $5.36 billion, the National Bureau of Statistics (NBS) said in a report…
