Economy

Oil hovered slightly below 2019 peaks on Friday, propped up by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela. Concerns that an economic slowdown might soon impact fuel consumption are…

The Manufacturers Association of Nigeria (MAN) on Thursday said the proposed VAT rate incremement was unfriendly to the manufacturing sector. The Director-General of the association, Mr Segun Ajayi-Kadir, made the remarks in Lagos, in…

China will become the world’s largest 5G market, with 460 million users of the next-generation superfast network by 2025, China daily reported on Thursday. It cited a report given by the Global System for Mobile Communications…

Civil servants in Kano State have urged the Federal Government to ensure the speedy implementation of the new national minimum wage. Some of the workers told the News Agency of Nigeria (NAN) in Kano on Wednesday that the call was…

The Group Managing Director of NNPC, Dr Maikanti Baru, says the corporation is considering the extension of Ajaokuta-Kaduna-Kano (AKK) gas pipeline project to Algeria to ensure African integration. Baru disclosed this in a statement…

Delta House of Assembly on Tuesday approved the request of Gov. Ifeanyi Okowa for N3 billion short-term loan facility for the financing of priority road projects in the state. The House at plenary presided over by the Speaker,  Chief…

Nigeria needs an economically vibrant technocrat as Minister of Finance to put its economy on a sound footing, says an industrialist, Mr Imo Anasonye. The industrialist made the disclosure in an interview with the News Agency of…

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has moved to seize plots of land and buildings valued at N4.8 billion from the  Shehu Yar’Adua Foundation and 29 other firms. ICPC Spokesperson, Mrs…

Gov. Abdula’ziz Yari of Zamfara, on Monday presented a budget of N135.32 billion for the 2019 fiscal year to the state Assembly for approval. Yari said that N62.71 billion was proposed for recurrent expenditure while N72.61 billion was…

The Lagos Chamber of Commerce and Industry (LCCI) says the exclusion of all forms of textile materials from the foreign exchange market pose a threat to the N5 trillion fashion industry. Muda Yusuf, Director-General of LCCI, who…