Business

Nigeria has more than $5.83bn foreign loans that have been approved but not yet disbursed, the Debt Management Office has said. The DMO on its portal on Sunday listed a number of foreign loans that were to be disbursed as of December 31, 2020. The disbursement of the loans will …

Tension has eased at Shasha community in Ibadan, Oyo State after the violence that broke out at a popular foodstuff market last week. Though the market is still under lock and key as directed by the state government, residents were seen on Wednesday moving around freely. The easing of tension …

The consumer price index, which measures the rate of increase in the price of goods and services, increased to 16.47 per cent in January. This is the highest point since April 2017. The report released by the National Bureau of Statistics shows that food inflation has also crossed the 20 …

Nigeria’s recovery from the impact of the COVID-19 is expected to be weak and gradual under current policies, the International Monetary Fund said on Monday. The IMF also stated that the country’s real Gross Domestic Product is expected to recover to its pre-pandemic level only in 2022. It stated in …

The landing cost of Premium Motor Spirit (petrol) imported into the country has risen by 13.34 per cent in one month to about N180 per litre on the back of the increase in global oil prices. Crude oil price accounts for a large chunk of the final cost of petrol, …

Marketers have said with the current realities in the global crude oil markets, the price of Premium Motor Spirit (petrol) in Nigeria should be between N185 and N200 per litre, unless the government wants to subsidise the product. The upturn in global oil prices last week has again brought to …

South Korea's candidate pulled out of the race for the job.

The African Development Bank has projected a growth rate of 1.5 per cent for Nigeria in 2021, and a 2.9 per cent growth in 2022. The President, AfDB, Dr Akinwumi Adesina, disclosed this while delivering a speech at the first national tax dialogue on Thursday. He also said that debt …

The Governor of the State of Osun, Adegboyega Oyetola has inaugurated the construction work of a juice production company at the Omoluabi Free Trade Zone, Osogbo. This is just as the Governor reaffirmed the administration’s commitment to improving the ease of doing business and eliminate identifiable bottlenecks that can discourage …

Hundreds of protesters from Ikweghwu community in Sapele Local Government Area of Delta State, stormed a crude oil facility owned by Seplat Petroleum Development Company, SPDC, on Thursday morning, demanding for jobs and infrastructure development. The protesters, who stormed the facility as early as 6 am, lamented that they were …