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Nigeria’s downstream sector records $56bn revenue yearly

Nigeria’s downstream sector records a yearly income of 56 billion dollars, Mr Abayomi Awobokun, Chief Executive Officer, Enyo Retail and Supply Limited, has said.

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CBN injects $210m into foreign exchange market

The Central Bank of Nigeria (CBN) has injected 210 million dollars into the various segments of the market to sustain its intervention in the Inter-Bank Foreign Exchange Market.

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Zenith Bank’s gross earnings drops to N630.34bn in 2018

Zenith International Bank Plc on Tuesday became the first bank to announce its 2018 audited result, declaring a drop in gross earnings.

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Elections: Postponement takes tolls on Nigerians

The just postponed national election in Nigeria, will have a devastating impact on the economy, especially on those who are directly involved in ensuring that the election is adequately covered. For instance, the media which have deployed a lot of …

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GDP: agriculture sector grew by 18.58% in Q4, 2018 – NBS

The National Bureau of Statistics (NBS), said the agriculture sector of the economy grew by 18.58 per cent year-on-year in nominal terms in fourth quarter of 2018.

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Naira closes at N363.32 to dollar at investors window

The Naira on Wednesday closed at N363.32 to the dollar at the investors window, the News Agency of Nigeria (NAN) reports.

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Shutdown by GENCOS will impact negatively on economy—Entrepreneurs

Some entrepreneurs in Ibadan on Monday said the reported threat of  shutdown of power supply by Generating Companies (GENCOs) will negatively impact on the economy.   A cross section of entrepreneurs,  who spoke with the News Agency of Nigeria (NAN), …

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Nigeria’s Inflation rate increases in Dec. 2018 — NBS

 The National Bureau of Statistics (NBS), says the Consumer Price Index (CPI) which measured inflation increased to 11.44 per cent (year-on-year) in December 2018 from 11.28 per cent recorded in November 2018.

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Moghalu urges more investment in education sector

  Prof. Kingsley Moghalu, the presidential candidate of the Young Progressives Party (YPP), has called for a political will for more investment in the nation’s education sector. Moghalu, who is a former Deputy Governor of the Central Bank of Nigeria …

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Oil prices steady on trade talk hopes, OPEC cuts

Oil prices were stable on Tuesday, supported by hopes that talks in Beijing between U.S. and Chinese officials might defuse trade disputes between the world’s biggest economies.

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