High inflation may hurt productivity, raise poverty figures, says LCCI
The Lagos Chamber of Commerce and Industry (LCCI) has warned that sustained high inflationary rate in the Nigerian economy might…
Oil price may not reach $100/b in 2023, says Goldman Sachs
Goldman Sachs Group Inc., one of the most bullish banks on its outlook for oil, has reviewed its forecasts down…
Trade volume between Nigeria, China down by $10m in 2022, says envoy
The Minister for Economic and Commercial Affairs, Embassy of the Republic of China in Nigeria, Wang Yingqi, has blamed the…
CBN raises interest rate to 18%, retains other parameters
The policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest…
FG removes 5% tax on calls, data
The Federal Government has announced the removal of its proposed five per cent excise duty on telecommunication services. The government…
APC Rejects Abia Guber Poll, Says Votes Juggled, Allocated to LP, PDP
The All Progressives Congress (APC) in Abia State rejected in its totality the March 18 governorship election, saying that the…
Nigeria relies on generators for 75% electricity – Report
About 75 per cent of electricity consumed in Nigeria comes from diesel and petrol-powered generators, the latest reports released on…
Africa accounts for 55% of world’s poor – ECA
The Chief Economist at the Economic Commission for Africa, Hanan Morsy, says Africa currently accounts for more than half of…
INEC Declares Catholic Priest, Fr Hyacinth Alia Benue Gov-Elect
The Independent National Electoral Commission (INEC) has declared the governorship candidate of the All Progressive Congress (APC) in Benue State,…
INEC Surprisingly Allocated Only 3000 Votes to Me In My Local Govt – Jandor, Lagos PDP Gov Candidate
The Peoples Democratic Party’s governorship candidate in Lagos State, Abdul-Azeez Adediran (Jandor), has said he was surprised that the Independent…