Economy

The International Monetary Fund has raised Nigeria’s growth forecast for 2021 to 2.5 per cent from 1.5 per cent earlier announced in January. This was contained in its World Economic Outlook (WEO) released by the organization,...

The Nigerian National Petroleum Corporation (NNPC) on Tuesday signed the Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) contract for the rehabilitation of the 210,000 barrels per day capacity Port Harcourt Refinery in Alesa-Eleme, Rivers State. The...

    The African Development Bank, AfDB, has expressed readiness to raise $25billion by 2025 through the African Adaptation Acceleration Program aimed at climate adaptation in Africa .   This was revealed by the AfDB President...

  Telecommunications giant, MTN, has increased the salaries of its staff in Nigeria by up to 17 percent, after the company infused about N4.5 billion into its salary scale. Amidst the COVID-19 pandemic when many companies...

  The Nigerian National Petroleum Corporation, NNPC, and Italian engineering company, Tecnimont SpA, on Tuesday, signed the $1.5billion engineering procurement and construction, EPC contract for the rehabilitation of the Port Harcourt refinery in Rivers state. Managing...

  The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending, NIRSAL, has disclosed that it has recovered 51 percent of its legacy loans. NRSAL’s Managing Director, Aliyu Abdulhameed stated this in response to the Central Bank...