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08 Dec, 2015

The Federal Executive Council (FEC) met for the first time monday since its inauguration three weeks ago, during which it approved the Medium Term Expenditure...

07 Dec, 2015

The Federal Government has said it will soon allow the refineries to operate as semi-autonomous entities in order to run as profitable ventures.

It...

07 Dec, 2015

TOUGHER times seem to lie ahead for Nigeria as the Organisation of Petroleum Exporting Countries (OPEC) decided to maintain crude oil output despite pressure to...

07 Dec, 2015

The naira crashed further against the dollar from 247 last Thursday to 251 on Saturday at the parallel market.

This came barely one week after the...

07 Dec, 2015

The Nigeria Bureau of Statistics (NBS) has revealed that a total of 475,180 jobs were created in the third quarter of 2015, while the number of unemployed...

04 Dec, 2015

Ministries, departments and agencies (MDAs) of government are still preparing their 2016 budget templates, an indication that the budget proposals may not be...

04 Dec, 2015

There are strong indications that some state governors are considering reducing their states’ workforce as the downturn in the economy worsens.

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03 Dec, 2015

Nigeria's President Muhammadu Buhari will ask China's president at a summit this week to fund rail and power projects urgently needed to diversify an economy hit...

03 Dec, 2015

The Central Bank of Nigeria, (CBN) yesterday said it stopped further deposits into Domiciliary Accounts because people were taking advantage of the platform to...

03 Dec, 2015

OPEC is unlikely to cut production at its meeting this week given that non-OPEC producers are not cutting supply, a senior OPEC delegate, who asked not to be...

03 Dec, 2015

Foreign reserves dropped below $30 billion for the first time in more than four months, putting more pressure on the Central Bank of Nigetia (CBN)’s bid to...

03 Dec, 2015

Activities in the economic circle, from production and supply to employment generation, showed divergent indications in the month of November 2015, according to...

03 Dec, 2015

OPEC is heading for very tough meeting this week, delegates and officials said on Tuesday, as country members pump record volumes amid an uncertain demand outlook...

01 Dec, 2015

The nation’s distributable revenues to the three tiers of government rose in October to N473.83billion, about 21.5 per cent improvement on September’s...

01 Dec, 2015

Contrary to insinuations made by some ‘Pharasaic’ economists, Dr Abraham Nwankwo, Director-General of the Debt Management Office (DMO) has said that...

01 Dec, 2015

TO adequately provide for fuel subsidy, the Federal Government’s 2015 supplementary budget proposal earlier submitted to the National Assembly may be...

01 Dec, 2015

The Central Bank of Nigeria (CBN) said that the nation's foreign reserves fell to 30.04 billion dollars as at Nov. 26.

The bank disclosed this on its...

30 Nov, 2015

In line with the current administration’s resolve to institute reform policies that will ensure effective management of the nation’s economy and...

30 Nov, 2015

World oil prices rose this week on concerns that heightened geopolitical tensions could disrupt Middle East supplies despite a market awash with crude.

27 Nov, 2015

The Federal Government plans to set up a $25bn (N4.98tn) fund dedicated to infrastructure investments, the Minister of Finance, Mrs. Kemi Adeosun, has said.
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