Category Archives: Economy

Pastor Adeboye predicts what will happen to Naira soon

The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye has predicted that Nigeria’s legal tender, Naira, will become a powerful currency in the world again. Full story

Source: https://nialslibraryblog.wordpress.com/wp-admin/post-new.php

Posted by Hussaini Ali November 7, 2017

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Why we cannot disclose how states spent N388 billion Paris Club refund – Nigerian govt

The federal government has told the Federal High Court in Lagos that the record of spending of N388.304 billion London Paris Club Loan refunds by 35 “is protected by professional privilege, and therefore confidential.” Full story

Source: https://www.premiumtimesng.com/news/headlines/248404-cannot-disclose-states-spent-n388-billion-paris-club-refund-nigerian-govt.html

Posted by Hussaini Ali November 5, 2017

RenCap: Trans Forcados Pipeline Repair May Push Nigeria’s Oil Production to 2mbd

Analysts at Renaissance Capital (RenCap) have projected that the repair of the Trans Forcados Pipeline (TFP) will likely increase Nigeria’s production to about two million barrels per day (mbd). Full story

Source: https://www.thisdaylive.com/index.php/2017/05/18/rencap-trans-forcados-pipeline-repair-may-push-nigerias-oil-production-to-2mbd/

Posted by Hussaini Ali May 19, 2017

Nigeria loses N780bn to illegal activities of oil thieves daily – Don

Dr Dahiru Usman, a lecturer in the Department of Public Law, Bayero University, Kano, disclosed this in a paper he presented at the unveiling of the new NIPOST anti-corruption stamps in Kano on Thursday. Full story

Source: https://www.dailytrust.com.ng/news/general/nigeria-loses-n780bn-to-illegal-activities-of-oil-thieves-daily-don/196328.html

Posted by Hussaini Ali May 5, 2017

Nigeria out of recession by end of June, says Emefiele

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, yesterday assured Nigerians that the country would get out of economic recession latest by the end of June this year based on emerging positive economic indicators to that effect. Full story

Source: https://guardian.ng/news/nigeria-out-of-recession-by-end-of-june-says-emefiele/?utm_source=Guardian+Newsletter&utm_campaign=1b6bc2efae-Newsletter&utm_medium=email&utm_term=0_b799d7d8ad-1b6bc2efae-99238021

Posted by Hussaini Ali April 26, 2017

Why CBN will not freely float Naira

The persistent pressure on the Central Bank of Nigeria (CBN) to float the Naira may have lost steam as the experience of Egypt, which recently adopted the policy, has presented a poor result. Full story

Source: https://guardian.ng/news/why-cbn-will-not-freely-float-naira/?utm_source=Guardian+Newsletter&utm_campaign=2156f64fea-Newsletter&utm_medium=email&utm_term=0_b799d7d8ad-2156f64fea-99238021

Posted by Hussaini Ali April 22, 2017

Inflation drops by 0.52 per cent

The National Bureau of Statistics (NBS) yesterday said that inflation dropped by 0.52 per cent in March, the second decline recorded on the year- on-year basis. Full story

Source: https://guardian.ng/news/inflation-drops-by-0-52-per-cent/?utm_source=Guardian+Newsletter&utm_campaign=c641f65692-Newsletter&utm_medium=email&utm_term=0_b799d7d8ad-c641f65692-99238021

Posted by Hussaini Ali April 14, 2017