The country needs $15bn from asset sales and borrowing to revive the slumping economy and boost foreign reserves, according to Africa’s richest man, Aliko Dangote.
Dangote said in a Bloomberg TV interview at the US-Africa Business Forum in New York,...
The Nigerian Society of Engineers (NSE) has called on the Federal Government to urgently consider the involvement of local engineers in her effort to prosecute the industrial revolution plans of the country.
President of the Nigerian Society of Engineers (NSE)...
A Federal High Court in Lagos will on September 30, 2016 hear the suit filed by the federal government against Nigerian subsidiaries of United States multinational Chevron, British-Dutch Shell, Italian ENI’s Agip, France’s Total and Brasoil of Brazilian Petrobas.
The...
The prices of crude oil in the international market rose by two per cent Wednesday after a surprise drop in crude stockpiles reported by the United States Government for a third week in a row.
Brent crude futures were up...
The plan by the Federal Government to inject billions of naira in stimulus packages into the economy has been described as a step in the right direction capable of setting the economy on the path of recovery.
However, there is...
...Rate cut not enough to tackle recession – CBN
The naira tumbled against the United States dollar to 428 on Wednesday, down from 424 on Tuesday, as persistent dollar shortage continues to weigh on the economy.
The major decline in the...
