Economy

China and G-20 countries have agreed to give debt relief to the poorest countries in the world which are classified as IDA countries by the World Bank. This is according to comments made by David Malpass, the World Bank president, on…
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*With coronavirus ravaging the world, one of the victims is the economy of the world in general and Nigeria’s in particular In March, the Finance Minister, Zainab Ahmed, revealed the preparedness of Nigeria to review the 2020 budget…
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Nigeria and other African economies are projected to record substantial revenue losses, particularly from the oil and gas sector, as the devastating effects of the Coronavirus pandemic continues its devastating toll on the various…
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Professor Wumi Iledare, former President, National Association of Energy Economics (NAEE), said the global oil price slump was an opportunity for Federal Government to exit the under recovery and over recovery challenges in the petroleum…
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The Secretary-General of the Organisation of Petroleum Exporting Countries(OPEC),Mohammed Sanusi Barkindo and Executive Director of the International Energy Agency(IEA),Dr. Fatih Birol, yesterday said Nigeria and other developing countries…
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The Economic and Financial Crime Commission (EFCC), Kaduna Zonal Office has raided popular bureaux de change located at Hamdala Hotel as part of measures to stabilize the Naira against the US dollar. In the same vein, officials also…
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Mele Kyari, Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC) on Wednesday painted a gloomy picture of tougher times ahead for the Nigerian economy on the back of latest developments in the global oil…
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Blue Seal Group, an indigenous energy firm has laid a multi-million dollar foundation for local production of chemicals that will be used to advance petroleum products production across the downstream value chain and enhance production…
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The Federal Government has constituted a 5-man Committee to review and possibly reduce the 2020 budget estimates which stands at N10. 6 trillion. The move may have become necessary, following the outbreak of Coronavirus in Nigeria, the…
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The Executive Director, Nigeria Export Promotion Council (NEPC), Mr. Segun Awolowo, who spoke with The Nation, said the zero oil plan will add a minimum of $150 billion to Nigeria’s foreign reserves over the next 10 years. He said: “We…
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