Business

Nigeria’s people are getting poorer despite the country’s slow recovery from recession and economic reforms are urgently needed, the International Monetary Fund has said.
Read More...

With the recent domestic and international borrowing spree, Nigeria’s debt has increased by over N10 trillion since President Muhammadu Buhari took over the reins of power on 29 May 2015. The debt profile is now about N22 trillion or $73…
Read More...

The Senate on Tuesday mandated its Committee on Public Accounts to investigate the rationale behind a security account allegedly operated by the Nigerian National Petroleum Corporation (NNPC) and Nigerian Agip Oil Company.
Read More...

The Federation Account Allocation Committee (FAAC) on Tuesday shared N655.17 billion to the three tiers of government as revenue for January. Minister of Finance, Mrs Kemi Adeosun, told newsmen on Tuesday in Abuja that the N655.17…
Read More...

The account of the Nigerian National Petroleum Corporation (NNPC) is increasingly over-burdened as the landing cost of Premium Motor Spirit (PMS), otherwise called petrol, has risen following the recent surge in global oil price, analysts…
Read More...

Oil price rose further above $68 a barrel on Thursday to the highest since May 2015, supported by unrest in Iran that raised concerns about supply risks, cold weather in the United States (U.S.), boosting demand and OPEC-led output cuts.
Read More...

The Minister of State For Petroleum Resources, Dr Ibe Kachikwu, on Thursday said the Nigerian National Petroleum Corporation, NNPC has incurred a cumulative loss of N85.5 billion in importing petrol and selling at the current retail price…
Read More...

India’s finance ministry on Friday cautioned investors about the risks of trading in cryptocurrencies such as bitcoin, saying digital currency investments are like “Ponzi schemes.” The ministry in a statement said cryptocurrencies are not…
Read More...

Oil prices have touched two-and-a-half year highs in light volume boosted by an explosion on a crude pipeline in Libya and voluntary OPEC-led supply cuts.
Read More...

The Federal Government on Monday said the sum of N750bn would be released this week to Ministries, Departments and Agencies of government for implementation of capital projects contained in the 2017 budget.
Read More...