Economy

Economy

Economics and Sociology

Oil prices climb higher on hopes of sustained supply cuts

Africa Press-Nigeria: Oil prices advanced further on Friday as traders expect signals from a conference that could hold this weekend among key oil producing countries...

FIRS says it lodged $21.3bn with CBN, apex bank records only $18bn

Africa Press-Nigeria: - This is over alleged unremitted $3.3bn from the $21.3bn collected by the FIRS as foreign tax in 2015 - Senate acted on an...

Debt, slow growth drive capital market downwards – PwC

Africa Press-Nigeria: Growing levels of debts and slow economic growth in Africa have been affecting the Nigerian and other African equity capital markets activity and...

World Bank says Nigeria, others must end fuel subsidy in post COVID-19 era

Africa Press-Nigeria: The current low crude oil prices present an opportunity for commodities-dependent economies like Nigeria to review their energy pricing policies as they look...

Akpabio Inserted N500m Projects in NDDC 2017 Budget

Africa Press-Nigeria: The last appears not to have been heard on the controversy surrounding the award of contracts in the Niger Delta Development Commission (NDDC)...

‘We won’t accept third COVID-19 case announced by NCDC’ – Kogi Govt

Africa Press-Nigeria: The Kogi state government has rejected the report announced by the Nigeria Centre for Disease Control (NCDC) claiming that the state recorded the...

Nigeria launches first licensing round for marginal oilfields

Africa Press-Nigeria: The Department of Petroleum Resources (DPR) of Nigeria has launched its first licensing round for marginal oilfields in nearly 20 years. Marginal fields are...

Nigeria loses N160bn to OPEC oil production cuts

Africa Press-Nigeria: Nigeria is projected to have lost over N160 billion in deferred revenue to a cut in the daily crude oil production by members...

World Bank Urges Nigeria to Develop Mining Sector

Africa Press-Nigeria: Abuja — The World Bank has advised Nigeria to develop its mining sector to help mitigate post-COVID-19 economic shocks, rather than wait for...

El-rufai confirms 31 new cases of COVID-19 in Kaduna, discharge of 15 patients

Africa Press-Nigeria: The Kaduna State government on Tuesday announced the discharge of 15 COVID-19 patients. The State government on its official Twitter page also confirmed that...