Economy

By John Ikani  The Chief of Naval Staff (CNS), Vice Admiral Awwal Gambo, has described as unrealistic and impossible, the estimated amount of stolen crude oil in Nigeria. In recent times, reports of stolen crude oil...

By John Ikani  Nigeria Gross Domestic Product (GDP) grew by 3.54 per cent (year-on-year) in real terms in the second quarter of 2022, the National Bureau of Statistics (NBS) reported yesterday. The growth rate indicated a...

By Enyichukwu Enemanna The Central Bank of Nigeria (CBN) on Friday, announced the release of the sum of $265m to airlines operating in the country, being an intervention fund to enable them settle outstanding ticket sales...

By John Ikani  Naira appreciated slightly against the US dollar on Thursday, by 0.08% to close at N430.67/$1 compared to N431/$1 recorded in the previous trading session. The opening indicative rate closed at N429.75/$1 on Thursday,...

By John Ikani  Business owners in Ghana have threatened to close up shop by Monday, August 29, to protest the poor value of the Ghanaian currency, the cedi. At 10 cedis to the US dollar, traders...

By John Ikani As part of efforts geared towards building a globally competitive liquefied natural gas company, the Nigerian Content Development and Monitoring Board (NCDMB) and the Nigeria LNG Limited (NLNG) have agreed to set up...