CATEGORY: ECONOMY

Eight Months After, FG Reintroduces Fuel Subsidy

Eight months after the removal of subsidy on petroleum products, and introduction of a “price modulation” of fuel prices,...


9 Things You Should Know About Development Bank of Nigeria – Premium times

The Development Bank of Nigeria is set to commence operations as soon as it obtains a banking license from...


“Everybody Has To Go”: Efritin.com Gives Up, Shuts Down Nigeria Office

Nairametrics| Nigerian based “e-classified advert payer”, Efritin (pronounced ‘Everything’) has shut down its operations in Nigeria blaming harsh economic...



Court Orders MTN Nigeria To Forfeit N8 billion to FG

In yet another battle for MTN Nigeria, a federal high court has granted a court order temporarily forfeiting the...


Nigeria’s Forex Reserves Drop By $14 billion Since July 2014

Nairametrics| Nigeria’s external reserves fell from about $29 billion on December 31 2015 to $25.8 billion by December 31,...


How Buharinomics, CBN Policies Threw 1.7 million Nigerians Out Of Jobs

The menacing economic recession has thrown 1.7 million Nigerians out of the labour markets. According to a recent report...


Kachikwu Says China May Invest Up To $75.6 billion In Nigeria’s Oil and Gas Sector

Kachikwu expalins how Chinese investment in Nigeria's Oil and Gas Sector could increase by a potential $75.6...


Emefiele Reveals Successes Of Flexible Exchange Rate

The CBN Governor reveals the successes recorded by the flexible exchange rate...


Tax Reform: Committee Recommends Tax Relief For SMEs

Committee gives recommendations that would encourage SME...


How OPEC’s Big Oil Cut Deal Affects Nigeria

Most Industry experts agree that it is good for...


5 Key Ways The Buhari Administration Plans To Boost Manufacturing Activities

President Buhari reveals 5 steps his administration will take to boost manufacturing activities in...


These Are The Reasons Madam Adeosun Gave For Her Recent Statement About The Recession

Just as Nigerians are complaining about the distress the economic condition of the country is causing them, the Minister...


10 Things We Learnt From The Africa/US Business Forum

We bring you highlights from the recently concluded US-Africa Business...


India’s VP Promises To Boost Nigeria’s Economy In These 2 Areas

The Indian Vice-President when speaking with President Buhari of Nigeria, explained 2 areas India is planning to boost Nigeria's...


These Stakeholders Explain Why CBN Is At Fault For Poor Capital Market Investment

The capital market has blamed the CBN's position on matters affecting the capital market as reasons for its poor...



Asset Sale Dilemma: Former CBN Director Highlights 3 Potential Problems

The Federal Government (FG) has been faced with a dilemma of whether or not it should sell some of...


Mrs Adeosun Explains Why Debt Restructuring Remains The Best Way Out Of The Recession

The Finance Minister has identified what she believes to be the main threat to Nigeria’s exit from recession and...


Presco Comes Out A Winner From Naira’s Slump

Presco reaps the advantages of the forex scarcity causing Naira's fall in the exchange...


Why BDCs Believe Travelex Will Help The Rebound When It Starts Operations Next Week

This organization beginning operations on Monday is thought to be what will bring the Naira's value back to...