All posts tagged "headline"

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  Nigeria drops to seventh position as cocoa producer

  Nigeria has dropped to the seventh position from fourth as a top cocoa producer in the world, according to data made available by the International Cocoa Organisation. The President, Cocoa Association of Nigeria, Mr. Sayina Riman, said...

  • Posted September 19, 2016
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  Oil hits one-month low, Nigeria plans higher output

  Oil fell to a one-month low in New York on speculation that the resumption of shipments from Libya and Nigeria might add to the global surplus. Futures dropped as much as 2.7 per cent on the New...

  • Posted September 18, 2016
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  Interbank lending rate rises on cash shortage

  The overnight naira interbank lending rate rose sharply to an average of 40 per cent on Friday, up from 15 per cent last Friday after the Central Bank of Nigeria debited bank accounts for Treasury bills and...

  • Posted September 18, 2016
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  Inflation rate increases to 17.6%

  The National Bureau of Statistics on Friday said that the Consumer Price Index which measures inflation increased year-on-year from 17.1 per cent in July to 17.6 per cent in the month of August. The bureau in the...

  • Posted September 18, 2016
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  Economic downturn: More airlines may close shop

  There is an indication that more Nigerian airlines may close shop as the current economic downturn has hampered airlines operations. Industry experts have expressed concern that the forex scarcity is taking a huge toll on the aviation...

  • Posted September 17, 2016
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  Economic recession: FG urged to focus on N5trn maritime industry

  The federal government has been urged to shift attention to the maritime sector to revive the ailing Nigerian economy. The Nigerian maritime industry is valued at over N5trillion in terms of annual revenue. Experts have over the...

  • Posted September 17, 2016
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  Nigeria paying for bad savings culture – ICAN

  The President, Institute of Chartered Accountants of Nigeria, Mr. Titus Soetan, said on Thursday that the current economic recession in the country would have been avoided if substantial savings had been made into the Excess Crude Account...

  • Posted September 17, 2016
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  UN to establish aviation security training schools in Nigeria

  The United Nation has unveiled plans to set up two aviation security training schools in Nigeria as part of measures aimed at supporting the nation’s counter-terrorism efforts. The move will also assist in providing a robust national...

  • Posted September 17, 2016
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  Swiss firms selling dirty fuel to Nigeria – Group

  A civil rights organisation, Africa Network for Environment and Economic Justice, has raised the alarm that two companies based in Switzerland, Vitol and Trafigura, are allegedly engaged in the importation of dirty fuel to Nigeria. The ANEEJ...

  • Posted September 17, 2016
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  Budget: FG to raise $1bn via Eurobond in November

  In order to finance the 2016 budget, the Federal Government is to raise $1bn through the issuance of Eurobonds by November, investigation has shown. The amount to be raised from the international bonds market is part of...

  • Posted September 16, 2016
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