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Economy

Nigerian Banks Record Total Profit Of N300.5 Billion in 6 Months

As members of the Nigerian banking public await the 2013 full year financial reports of money deposit banks, which are currently going through the...

Good News! Nigeria Listed Among 4 Emerging Global Economic Giants

A renowned economist and former Chairman of the asset-management division of the Goldman Sachs Group, Mr. Jim O’Neill has said that the Nigerian economy...

‘Gov’t has reduced crude oil theft by 50%’ – Delta Governor Uduaghan

A whopping 40,000 barrels of crude oil is lost daily to theft. This figure is an improvement from the former 80,000 barrels per day,...

FG Backtracks On Plan To Sell Refineries To Appease Oil Workers

In a bid to appease the oil unions, which have threatened industrial action over the planned privatisation of the country’s four refineries, the federal...

Reps To Probe Okonjo-Iweala Over Import Duties Waiver

The House of Representatives has mandated the Cordinating Minister for the Economy and Minister of Finance, Mrs. Ngozi Okonjo-Iweala, to produce a detailed report...

Two-mouthed? CBN Governor Sanusi Reverses Self On N7.9 Trillion Missing Oil Money

Just a week after, the Central Bank governor, Sanusi Lamido Sanusi has withdrawn his claims that at least N7.9 trillion oil sales proceeds was...

Convergence: PENGASSAN And NUPENG Members Protest Planned Sale Of Refineries

ABUJA - Staff of the Nigerian National Petroleum Corporation (NNPC) in Abuja on Thursday December 12th 2013 protested against the proposed sale of the...

N8 Trillion Oil Fund: You lack understanding, NNPC Replies CBN Governor

Nigerian National Petroleum Corporation (NNPC) yesterday denied reports credited to the Governor of the Central Bank of Nigeria Sanusi Lamido Sanusi that it withheld...

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