TOP 3 CHARTS THAT DEFINED THE NIGERIAN ECONOMY IN 2017

GDP Africa’s largest economy turned the corner on a scathing recession in the second quarter of 2017, as five straight quarters of contraction that started in the first quarter of 2016, came to a screeching halt. The turnaround was down to higher oil prices and improved production levels. Oil prices averaged $55 in 2017, 45 percent higher than More...

by editor | Published 3 weeks ago
By editor On Tuesday, December 26th, 2017
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UBER TO SELL U.S. SUBPRIME AUTO-LEASING BUSINESS TO STARTUP FAIR.COM

Uber Technologies Inc. has agreed to sell its U.S. subprime auto-leasing business to startup car marketplace Fair.com, people familiar with the matter said, bringing to an end the ride-hailing giant’s failed attempt More...

By editor On Tuesday, December 19th, 2017
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PRICE INCREASE SLOWS TO 15.9% IN NOVEMBER – NBS

Increase in prices of goods and services slowed for the tenth consecutive month to 15.9 percent  in November, the lowest in 18 months. The National Bureau of Statistics (NBS) disclosed this yesterday in its Consumer More...

By editor On Wednesday, December 13th, 2017
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Fuel scarcity: NNPC threatens to shut stations hoarding fuel

The Group Managing Director (GMD), Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru, Tuesday said the Federal Government would adopt what he termed “aggressive measure” to tackle More...

By editor On Thursday, December 7th, 2017
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LABOUR SEEKS SPECIAL INTERVENTION ON JOB SECURITY IN OIL INDUSTRY

THE increasing loss of jobs and high level of depletion in membership were parts of the focal issues that dominated the National Executive Council, NEC, meeting of the Nigeria Union of Petroleum and Natural Gas More...

By editor On Tuesday, December 5th, 2017
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FirstGem is One!

Positioning for Business and Financial Success Something is brewing ladies! As we move into the new year, it is time to challenge you into taking long elegant strides toward persona and business success. The FirstGem More...

By editor On Friday, November 10th, 2017
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CBN: OUR PROGRAMMES HAVE CREATED 7 MILLION JOBS

Isaac Okorafor, acting director, communications at the Central Bank of Nigeria, says the bank’s development finance interventions has created seven million jobs. Okorafor, who made this statement on Thursday More...

By editor On Thursday, November 2nd, 2017
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RICE FARMERS WANT FG TO REVIEW CONDITIONS FOR ABP LOANS

Alhaji Muatari Sani, Chairman, Rice Farmers Association in Katsina Senatorial Zone, has urged the Federal Government to review the conditions for granting loans to rice farmers under the Anchor Borrowers More...

By editor On Wednesday, October 25th, 2017
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STAKEHOLDERS COMMEND MOVE TO RESOLVE NPA/INTELS ROW

  Stakeholders in the maritime sector have commended the Chairman of INTELS Nigeria Limited, Mr. Gabriele Volpi, for intervening in the rift between his company and the Nigerian Ports Authority (NPA), More...

By editor On Thursday, October 19th, 2017
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AFRICA SPENDS $35BN ANNUALLY ON FOOD IMPORTS

The President of African Development Bank (AfDB), Akinwumi Adesina, said that Africa was spending 35 billion dollars annually on food imports. Mr. Adesina said in his Norman Borlaug Lecture delivered at Iowa State More...