Economy

By John Ikani A report released by London-based Capital Economics indicate that Nigeria's Gross Domestic Product (GDP) growth weakened further by 1.5 percent in the second quarter (Q2). GDP is the most commonly used measure for...

By John Ikani The exchange rate between the naira and the US dollar closed at N430/$1 on Monday at the Investors and Exporters (I&E) window. The local unit which opened trading at N429.70 to a dollar...

By Emmanuel Nduka Nigeria's Consumer Price Index (CPI), which measures the rate of change in prices of goods and services, surged to 19.64 percent in July 2022, up from 18.60 percent in the previous month. The...

By Enyichukwu Enemanna Saudi energy company Aramco, on Sunday said its profits increased by 90% in the second quarter compared to the same time last year, helping its half-year earnings reach nearly $87.9 billion. This is...

By John Ikani The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has been presented with the Nigerian Union of Journalists (NUJ) Bayelsa State Council's ‘Best Content Promoter of the...

By Emmanuel Nduka The Nigerian Government has threatened to hammer sanctions on the China Civil Engineering and Construction Company (CCECC) over the firm’s failure to provide 85 percent counterpart fund for the rail project in some...