Recession: Govt made wrong policy choices —Utomi

A former presidential candidate, Prof Pat Utomi, has said that the current economic crisis would have been avoided by the Federal Government if proper policy choices were made.

He pointed out that the crash in oil prices was not enough to have resulted in recession.

Troubled OPEC: Could Nigeria swing Oil markets?

With oil markets hemorrhaging for more than two-and-a-half years amid the worst oil market in arguably a generation, two weeks ago it appeared that Russia and OPEC de facto leader Saudi Arabia, the world’s top two oil producers, could possibly and finally agree on an oil production cap at a plann

FG to boost economy with $1.1 billion

The Federal Government is set to inject an additional N350 billion ($1.1 billion) into the economy and raise $1 billion from Eurobonds by mid-December to ease the recession.

Forex: Why Emefiele betrayed bank CEOs

Financial market operators, particularly those in the money markets, moan that they have lost confidence in the Central Bank of Nigeria (CBN) for its policies and actions which they say are intended to ruin the financial system.

Sallah: Ram sellers lament poor sales

By Ummi Ismaeel

Can Nigeria deal with recession?

Nigeria will have to turn to industries other than oil to help pull itself out of recession, experts say, as the latest sobering government figures reveal that the economy fell by just over two percent in the second quarter.

Why Nigeria's economy entered a recession

Nigeria's economy has entered a recession amid falling oil prices and production.

Apapa Customs fetches N35b, seizes 16 containers for false declaration

The Apapa Command of Nigeria Customs Service has made the highest collection of monthly revenue with a feat of N34,923,757,810.77 collected in August 2016. The figure is about N8 billion higher than the N27 billion collected in July this year.

NPA embraces rail transport

The Nigerian Ports Authority (NPA) is set to prioritise the movement of cargo into and from the ports by rail to maximise Nigeria's inter-modal transport potentials and reduce pressure on the nation's roads.

Nigeria’s GDP contracts 2.06% in Second quarter

The figures coming from the National Bureau of Statistics shows that Nigeria’s Gross Domestic Product (GDP) has contracted by 2.06% in the second quarter of 2016.