Business

Babajide Okeowo The organised labour on Friday said it had started mobilisation of members ahead of the January 8 strike over payment of the agreed N30,000 New minimum wage. News Agency of Nigeria (NAN) reported that workers had been…

Babajide Okeowo French oil giant, Total has begun oil production from its Egina field, located in 1,600 meters water depths, 150 kilometres off the coast of Nigeria. However, the euphoria about the new output has been dampened by oil…

Emeka Okoroanyanwu President Muhammadu Buhari said, at the weekend, in Abuja, that payment of pensions to retired Federal Government employees  would remain his administration’s priority saying that he has stopped the dehumanisation of…

Emeka Okoroanyanwu Thirty three out of the 36 states in the country are to spend a total of N7.476 trillion this year. The amount represents both the recurrent and capital expenditures of the states for the 2019 financial year. Three…

The Manufacturers Association of Nigeria (MAN) in its 2019 Economic Outlook report just released in Lagos has urged the Federal Government to revisit some of the assumptions of the 2019 budget, particularly crude oil production and price as…

Nigeria’s total public debt stock comprising the external and domestic debts of the Federal Government, the 36 states and the Federal Capital Territory (FCT) stood at $73.213 billion or N22.429 trillion. These were almost about the same…

Standard and Poors Global Ratings has affirmed its ‘B/B’ long- and short-term issuer credit ratings and ‘ngA/ngA-1’ Nigeria national scale ratings on Access Bank, thus indicating that the bank’s outlook remains stable. It has also…

Emeka Okoroanyanwu and Babajide Okeowo As the year 2019 opens on a cautious note, customers of Deposit Money Bank (DMBs) in the country are groaning under the avalanche of charges estimated at about N1.5 trillion annually being deducted…

India was Nigeria’s biggest trading partner in the third quarter of 2018, gulping N719.2billion of crude and N37.7billion of natural gas exports from the country. India also bought cashew nuts worth N4.7 billion. Latest figures from the…

The French multinational oil and gas company, Total, on Wednesday said it had started production from the giant Egina Oilfield located 1,600 metres of water depths, 150 kilometres off the coast of Nigeria. Arnaud Breuillac, the…