Economy

The International Monetary Fund, IMF, has warned of bankruptcies and closures of firms, unless policy makers adopt measures to keep businesses afloat, across the globe, in the face of the COVID-19 pandemic. Mr. Malhar Nabar, who heads…
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The House Of Representatives is set to legalise the use of Indian Hemp in the country for economic benefit. Spokesperson of the House of Representatives, Hon. Benjamin Okezie Kalu said this during a press conference on the benefits and…
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The World Bank says remittance inflows to Nigeria declined by 28 per cent in 2020 because of COVID-19 pandemic. Vanguard reports, that the Bank also said remittance flows fell for Sub-Saharan Africa by 12.5 per cent, according to its…
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By Teddy Nwanunobi Latin American country, Argentina, has expressed interest to partner with Nigeria in the area of gas. The Argentine Ambassador to Nigeria, His Excellency Alejandro Herrero, revealed his country's interest when he…
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Minister, NNPC’s GMD Consulting With IOCs to Reach an Agreement By Teddy Nwanunobi The desire to attract more oil investments has propelled the Federal Government to refine the Petroleum Industry Bill (PIB) with some key changes in…
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*Minister, NNPC’s GMD Consulting With IOCs to Reach an Agreement By Teddy Nwanunobi The desire to attract more oil investments has propelled the Federal Government to refine the Petroleum Industry Bill (PIB) with some key changes in…
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By Teddy Nwanunobi A report from the US Energy Information Agency (EIA) has revealed that the United States slashed its imports of Nigerian crude oil by 64.12 per cent in 2020 to the lowest in five years. Last year, the US bought…
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House of Representatives, yesterday, said the country is currently losing $750 annually to gas flaring. House Committee on Gas Resources Chairman, Nicholas Mutu, stated this at an investigative hearing organised by the joint Committee…
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Nigeria’s foreign exchange (forex) reserves rose from $34.94 billion last November to $36.23 billion by January 21, 2021 on the back of increase in global crude oil prices. Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, who…
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…Increases Gas Supply to Power Plants by 8.60% The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded a total of ₦158.04 billion from…
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