Business & Economy


Name, logo of Nigeria’s National Carrier to be unveiled at Farnborough Airshow

The name and logo of Nigeria’s National Carrier to be unveiled today at the Farnborough Airshow.

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Nigeria connects 93.3 million unique telephone subscribers

Although there are about 240 million telephone connections in Nigeria , with no fewer than 160 million active lines, the country has 93. 3 million unique mobile phone subscribers .

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Stock market investors lose N11billion on trading floor

Continued share price depreciation on the equity sector of the Nigerian Stock Exchange ( NSE ) , yesterday pulled the market capitalisation further down by N 110 billion .

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Nigeria earns N37.465trn from oil in 6 years

There are indications that the Federal Government’s oil revenue dropped by more than 297.6 per cent between the second quarter of 2010 and fourth quarter of 2017, as a result of developments in the international market.

Categories Business & Economy


IMF upgrades Nigeria’s 2019 GDP growth forecast to 2.3%

The International Monetary Fund (IMF) yesterday upgraded its growth rate forecast for Nigeria’s Gross Domestic Product (GDP) in 2019 to 2.3 percent, while retaining 2.1 percent for 2018, citing improved crude oil prices.

Categories Business & Economy

Saturday – July 14, 2018

Friday – July 13, 2018

FG to inaugurate completed Baro inland water port in August

Alhaji Danladi Ibrahim, Acting Managing Director, Nigeria Inland Waterways Authority (NIWA), said on Wednesday that the Baro Inland water port has been completed and ready for inauguration in August.

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Why Nigerian Airlines Cannot Fly International Routes

Aviation experts have identified reasons why it would be very difficult for Nigerian airlines to successfully operate international routes, which typically is a major foreign exchange earner and reduces capital flight by foreign airlines, put at $1.4 billion in 2017.

Categories Business & Economy

Wednesday – July 11, 2018

Monday – June 4, 2018

Osinbajo to lay foundation for 1,800-unit housing project in Edo

Vice President Yemi Osinbajo will on June 14 perform the groundbreaking of 1, 800-unit housing project in Benin City.

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AMCON plans ‘name and shame’ for politically exposed debtors

The quest for debt recovery by the Asset Management Corporation of Nigeria ( AMCON) would soon test the option of “ name and shame. ”

Categories Business & Economy

Sunday – June 3, 2018

Nigerians To Pay More For Alcohol, Cigarette As From Monday

The new excise duty for alcoholic beverages and tobacco earlier approved by President Muhammadu Buhari will take effect from Monday , June 4 , 2018 , says the Federal Government.

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Buhari administration on the right path in improving Nigeria’s business environment VP Osinbajo at Financial Times summit

The vice president, Professor Yemi Osinbajo has stated that given all manner of plans needed to put in place, the things to do and the past errors to correct, the four-year term the Nigerian constitution provides for is too small.

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Edo set to seal $500m vehicle assembly plant deal

The growing investor confidence in Edo State, stemming from market-oriented reform designed to drive industrialisation, has earned the state yet another $500 million auto assembly plant deal from Chinese investors.

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FG’s agencies flouting Presidential Order at the ports, says NPA

The Nigerian Ports Authority (NPA) is seeking the intervention of Vice President Yemi Osinbajo over non-compliance by some government agencies with the Presidential Order on the Ease of Doing Business at Ports.

Categories Business & Economy

Saturday – June 2, 2018

Vessel Traffic At Calabar Port Increases By 40%

The number of vessels calling at Calabar Port has increased by 40 per cent since the end of the first quarter of …

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5,000 Bank Debtors Disappear—AMCOM

Managing Director of Asset Management Corporation of Nigeria (AMCON), Mr Ahmed Kuru, has revealed that about 5,000 individuals and businesses owing banks …

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Photos Of The Abuja Metro Line Set To Be Commissioned By President Buhari

The stage is set for the commission of the modern Abuja metro line. This is according to personal assistant to president Buhari …

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