The World Bank has predicted that Nigeria will get out of recession and grow its Gross Domestic Product by one per cent this year after plunging into its worst recession in over two decades. The bank said in a statement,...

The lack of an efficient and resilient financial system is still holding back inclusive and sustainable growth in emerging markets. Policymakers, regulators and financial services organisations should more actively shape a financial system that is fit for purpose. These are...

The Chinese Foreign Affairs Minister, Mr Wang Yi says his country is investing additional 40 billion dollars in Nigeria. Yi stated this at a bilateral meeting with his Nigerian counterpart, Mr Geoffrey Onyeama in Abuja. The minister said China had already...

The Nigerian National Petroleum Corporation’s three refineries in Kaduna, Port Harcourt and Warri have resumed production of Automotive Gas Oil (AGO) and Dual Purpose Kerosene (DPK), otherwise known as diesel and kerosene respectively. The resumption of refining of AGO and...

The inability of a vessel carrying Liquefied Petroleum Gas, popularly known as cooking gas, to berth and discharge in Lagos has caused the price of the product to soar to N5,000 per 12.5kg. The price of the product had jumped...

The Central Bank of Nigeria (CBN) has reacted to allegations of corruption levelled against it by Nigerian Wailers, saying that the Wailers are paid agents and would fail in their bid to distract the government from its focus. The Acting...