Nigeria’s troubled economy, which is on the brink of a recession, is expected to worsen following the lifting of economic sanctions on Iran by the United States which effectively re-admits Continue Reading
The only sure way to get Nigeria back on track economically is to direct attention to the production of natural gas. This was the submission of Gen. Martin Luther Agwai Continue Reading
After waiting in line for more than four hours to buy gasoline in Nigeria’s capital, Abuja, taxi driver Adebayo Olawole considered himself fortunate he got a half-filled tank. The day Continue Reading
Nigeria said Wednesday it would not cut oil production outside the framework of the Organisation of Petroleum Exporting Countries (OPEC), even as nose diving crude prices caused by a global Continue Reading
Managing Director, International Monetary Fund, IMF, Ms. Christine Lagarde, has warned that the prevailing uncertainty in the oil and gas industry could plunge the Nigerian financial system into crisis. In Continue Reading
Nigeria’s central bank stopped selling foreign exchange to money-changers as it struggles to stabilize the naira amid a plunge in oil prices that have hit government finances. “Operators in this Continue Reading
The head of the IMF, Christine Lagarde, is meeting with Nigerian President Buhari and industry leaders to discuss the country’s economy and the challenge posed by falling oil prices. Christine Continue Reading
Nigerian authorities are facing growing pressure to devalue the naira as the price of oil, its biggest source of foreign exchange, fell to the lowest since 2004. The Central Bank Continue Reading
Dozens of people were killed and scores more wounded in bombings and other attacks in northern Nigeria on Monday and overnight Sunday, officials said. In the city of Maiduguri, 52 Continue Reading
There are strong indications that the United States will soon resume buying Nigeria’s crude oil following ongoing talks in this regard between the US and the federal government. Minister of Continue Reading
