Economy

May 4, 2018

Nigeria Update: Amid increase in oil prices, Oando posts N4.2b PAT in Q1 2018

Indigenious oil company, Oando PLC has registered yet another win with the publication of N4.2 billion profit-after-tax (PAT) in its Q1 2018 results, despite the ongoing […]
April 27, 2018

Nigeria Update: World Bank Group’s shareholders okay $13b for subsidiaries

A fresh hope of more development financing for middle and lower income countries, including Nigeria, has been raised, as the World Bank Group’s shareholders overwhelmingly approved […]
April 23, 2018

World Update: Merkel, Mexican president hail benefits of free trade

German Chancellor Angela Merkel and Mexican President Enrique Pena Nieto, who both face trade tensions with US President Donald Trump, on Sunday praised an EU-Mexico deal […]
April 23, 2018

Nigeria Update: IMF worried about Nigeria’s ability to service external loans

The International Monetary Fund (IMF) has expressed concern over Nigeria’s ability to service its external loans estimated at over $18.9billion, given its mono-product economy status and […]