TAG: NIGERIAN RECESSION

NNPC says Nigeria’s cost of oil production is now $23 a barrel

NNPC says Nigeria’s cost of oil production is now $23 a barrel

The Nigerian National Petroleum Corporation (NNPC) says Nigeria now has an average cost of...


5 signs that show you are approaching a personal economic recession

5 signs that show you are approaching a personal economic recession

The economic recession that the country a little over a year ago has made...


All the major economic news from Nigeria in 5 minutes – 12/7/2017

All the major economic news from Nigeria in 5 minutes – 12/7/2017

Summary of the top business, economic and political news in Nigeria today.   The Federal...


All the major economic news from Nigeria in 5 minutes – 1/6/2017

All the major economic news from Nigeria in 5 minutes – 1/6/2017

Summary of the top business, economic and political news in Nigeria. Health minister Isaac...


Infinity Trust has released its 2016 FY results and they’re not bad

Infinity Trust has released its 2016 FY results and they’re not bad

A better performance than...


#PMBMidterm:  Here is a snap summary of how the banking industry has fared?

#PMBMidterm: Here is a snap summary of how the banking industry has fared?

Not as well as...



Full text of Acting President Osinbajo’s Democracy Day speech to Nigerians

Full text of Acting President Osinbajo’s Democracy Day speech to Nigerians

Full text of Acting President Osinbajo’s Democracy day speech Dear Nigerians, I bring you...


#PMBMidterm: Bucket list of all the ‘economic achievements’ of the Buhari administration

#PMBMidterm: Bucket list of all the ‘economic achievements’ of the Buhari administration

The presidency yesterday, released its mid-term factscheet just in time for the May 29 Democracy...


Rand Merchant Bank initiates N80 billion CP programme

Rand Merchant Bank initiates N80 billion CP programme

South African bank, Rand Merchant bank has listed an N80 billion commercial paper programme...


Turkish firm opens $100 million diaper and tissue paper factory in Ogun state

Turkish firm opens $100 million diaper and tissue paper factory in Ogun state

Turkey based fast-moving consumer goods producer, Hayat Kimya has opened a $100 million factory...


[The Nigerian Economy Daily] FG has approved the closure of five foreign missions and embassies

[The Nigerian Economy Daily] FG has approved the closure of five foreign missions and embassies

A daily compilation of business and economic news from...


CBN to engage in tweet chat today by 5pm

CBN to engage in tweet chat today by 5pm

In perhaps what is the first move ever in the world by a central...


3 ‘business forces’ that can help you innovative in a struggling economy

3 ‘business forces’ that can help you innovative in a struggling economy

Nigeria’s economic state has been quite tumultuous since the crash of oil prices in...


In a rare consensus, CBN, IMF and World Bank all share the same view about Nigeria’s spiraling debt

In a rare consensus, CBN, IMF and World Bank all share the same view about Nigeria’s spiraling debt

The economic recession that hit Nigeria last year meant that desperate measures had to...


Development Bank of Nigeria to start lending in August.

Development Bank of Nigeria to start lending in August.

Managing Director of the Development Bank of Nigeria (DBN) Mr Tony Okpanachi revealed the...


FG includes additional loans in 2016-2018 external borrowing plan

FG includes additional loans in 2016-2018 external borrowing plan

The federal government has sought the approval of the National assembly to take additional...


Nigeria remains in recession as nation records 5th consecutive negative quarterly GDP

Nigeria remains in recession as nation records 5th consecutive negative quarterly GDP

The National Bureau of Statistics has revealed that Nigeria recorded a 2017 first quarter...


Low down on Adeosun’s plan to hike interest rates on unpaid taxes

Low down on Adeosun’s plan to hike interest rates on unpaid taxes

Nairametrics| Individuals who default in paying taxes will face a hike in the interest...


Company News Roundup (May 20, 2017) – Bank executive compensation top N6 billion N1 billion in 2016

Company News Roundup (May 20, 2017) – Bank executive compensation top N6 billion N1 billion in 2016

This is Nairametrics recap of some of the top company/industry stories that were in...


5 takeaways from CBN’s February Banking Report

5 takeaways from CBN’s February Banking Report

Nairametrics| The Central Bank of Nigeria (CBN) has released its February report on the...


Real Estate Weekly: Skye Bank gets court order to takeover Intercontinental hotel

Real Estate Weekly: Skye Bank gets court order to takeover Intercontinental hotel

This is Nairametrics weekly roundup of major Real Estate News for the week ended...


Average lending rate in Nigeria hit 30%pa, first time in 16 years

Average lending rate in Nigeria hit 30%pa, first time in 16 years

Data from the Central Bank of Nigeria reveal average lending rate from commercial banks...


Nigeria has a galloping food inflation and it’s a huge drag

Nigeria has a galloping food inflation and it’s a huge drag

Not so good news for Nigerian...


Foreign investments into Nigeria’s hotel sector crash by 98%

Foreign investments into Nigeria’s hotel sector crash by 98%

Data from the Central Bank of Nigeria suggest total capital importation into the hotel...


Weekly News Roundup (May 13, 2017): Faro Water rakes in N4 billion in revenue for 2016

Weekly News Roundup (May 13, 2017): Faro Water rakes in N4 billion in revenue for 2016

This is Nairametrics recap of some of the top company/industry stories that were in...


Why Skyebank has taken over Intercontinental Hotel

Why Skyebank has taken over Intercontinental Hotel

Nairametrics|In what may come as a shock to many observers, Skye Bank has obtained...


What payment sytems Nigerians used the most in 2016

What payment sytems Nigerians used the most in 2016

Nairametrics| Mobile, Internet and POS transactions in Nigeria remained on a growth path in...


The Nigerian Economy Today 10/5/2017

The Nigerian Economy Today 10/5/2017

Summary of the top business, economic and political news in Nigeria. The importation of...


Quick updates on Nigeria’s Sugar Master Plan

Quick updates on Nigeria’s Sugar Master Plan

Nairametrics|  The federal government is very keen on pursuing the National Sugar Master Plan...


The Nigerian Economy Today 9/5/2017

The Nigerian Economy Today 9/5/2017

Summary of the top business, economic and political news in Nigeria   NAIRAMETRICS BUSINESS...