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Business
World Bank Update on Nigerian Economic Update
In 2020 the Nigerian economy shrank by 1.8%, its deepest decline since 1983. The COVID-19 crisis drove the economic slowdown; the external context was marked by capital outflows,…
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Naira Devaluation Affects Nigerian Economy
Nigerian businesses groan as naira devaluation bites economy.
The Central Bank of Nigeria's decision to devalue the naira has been a heavy burden on businesses and consumers.
At the…
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Nigerians Warn IMF, World Bank Over Govt. Loans
Scores of Nigerian statesmen and activists have cautioned the international community against approving additional loans to the federal government.
The members of the Nigerian…
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Jeff Bezos Steps Down As Amazon Boss After 27 Years
After leading Amazon to become a trillion dollar company, the founder Jeff Bezos has stepped down as its Chief Executive Officer.
He officially stepped down on Monday, July 5th 2021.…
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New Strategic Imperatives in Oil and Gas Sector
Businesses, oil and gas industries and countries increasingly find themselves in recovery mode after the multifaceted disruption caused by the COVID-19 pandemic. Yet, the health…
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Nigeria Accidentally Discovers Gas Reserves While Searching for Crude
Nigeria’s Minister of State for Petroleum Resources, Timipre Sylva, says the country has “accidentally” discovered 206 trillion cubic feet of gas reserves while searching for crude oil.…
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CIPPON Laments Increasing Hike in Paper
Τhe Chartered Institute of Professional Printers of Nigeria (CIPPON) has lamented the continuous increase in the price of paper in the country, stating that if the situation is not…
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Rice, Flour, Sugar, Cement Top Free Trade Exemption List
Despite Nigeria’s comparative advantage and self-sufficiency status in the production of certain products, cement, flour, rice, sugar and 180 other products would not be liberalized…
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Dangote Fertilizer Plant to Begin Operations in Q1 2021
Monalisa Agbata
The newly completed Dangote Granulated fertilizer plant by Dangote Industries Limited is set to begin operations in Q1 of 2021. Based on records, the fertilizer…
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Airtel Renews Spectrum License In Nigeria, Pays N71.6 Billion
Airtel, one of the telecommunication giants in Nigeria, has secured a spectrum license that allows 900MHZ and 1800MHz. The right purchased has it's tenure spanning for 10years…
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