Nigeria loses N1trn to strike

Nigeria may have lost about N1trillon to the protests on removal of petrol subsidy as the nationwide shutdown championed by the organised labour, civil ... Full story

BUSINESS

Subsidy: NANS demands immediate probe of NNPC

The National Association of Nigerian Students has demanded an immediate probe of the activities of...

BUSINESS

Nigeria lost N387.056bn since subsidy crisis began – Sanusi

The Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, said on Thursday, that...

BUSINESS

Nigerian threat pushes oil price up to $114

Brent crude jumped more than $2 to over $114 on Thursday after Nigeria’s biggest oil...

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BUSINESS

Nigeria’s economy still weak, says Sanusi

THE Governor, Central Bank of Nigeria (CBN) Mallam Sanusi Lamido Sanusi has expressed concern on the state of economy. ... Full story

BUSINESS

Ogun earmarks 55% of budget for capital projects

In a bid to fast-track infrastructural development in Ogun state, the government has earmarked 55 per cent of its budget in 2012 for capital projects. This represents an 18 per cent increase over the ... Full story

BUSINESS

‘Nigeria loses $40m to poor quality cashew’

Nigeria loses $40 million (about N6 billion) annually to rejected poor quality cashew nut meant for export, the President, National Cashew Association of Nigeria (NCAN), Mr. Tola Faseru said. ... Full story

BUSINESS

‘Non-oil sectors to boost Nigeria’s growth’

Nigeria’s economy is expected to grow around 7 per cent this year and next thanks to solid performance in industries outside of its bedrock oil sector, a Reuters poll showed yesterday.... Full story

BUSINESS

Nigeria raises N89.76b bonds

Nigeria raised N89.76 billion ($561.46 million) at an auction of government bonds on Wednesday, its first debt auction this year with yields higher than at its previous auction, the Debt Management Office... Full story

BUSINESS

Marketers indict NNPC over subsidy row

The Nigerian National Petroleum Corporation (NNPC) has been indicted for allowing unqualified importers into the system.... Full story

BUSINESS

Interest rates may rise, says CBN

Nigerian interest rates may need to rise this year if the government pushes ahead with an expansionary budget, central bank governor, Lamido Sanusi, said yesterday.... Full story

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Featured author

Egwa Long

Another consumate follower of events in Nigeria.