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More than half of the world’s population growth will be concentrated in nine countries including Nigeria, United States, Pakistan and DR Congo by 2050, the United Nations said on Monday. Three other African countries – Ethiopia, Egypt and Tanzania – as well as Indonesia and India, are also included on the list. World’s most-populous country […]

Oil prices fell for a second day on Tuesday on signs that global economic growth is being hit by the U.S.-China trade war, though losses were capped by Middle East tensions after last week’s tanker attacks. Brent crude futures were trading 18 cents down at $60.76 a barrel by 1203 GMT. U.S. West Texas Intermediate […]

The Central Bank of Nigeria has released a total of N607.87bn credit to selected deposit money banks to disburse for 587 agricultural projects, latest figures from the CBN have shown. In its most recent economic report, the apex bank stated that the money was under its Commercial Agriculture Credit Scheme, adding that a total of […]

The Central Bank of Nigeria said the available records show there was an increase in Foreign Direct Investment in Nigeria during the 2018 financial period. It stated this while reacting to a report on Reuters, quoting World Investment Report, 2019, recently released by UNCTAD on Foreign Direct Investment to African countries. The bank noted that […]

Nigeria plans to increase its palm oil production 700% over the next eight years to help improve its foreign-exchange earnings that are largely dependent on crude oil exports. The new policy will boost local production to about five million tons from 600,000 tons a year by investing as much as 180 billion naira ($500 million) […]

Airtel Africa Ltd, a unit of India’s Bharti Airtel Ltd, has said that it intends to list its shares on the Nigerian Stock Exchange (NSE) at the same time as the London Stock Exchange (LSE). The company said on Monday that although the listing on the NSE was on, it had set a price range […]

Oil prices slipped on Monday as signs of an economic slowdown amid international trade disputes began to outweigh supply fears that were stoked by attacks on oil tankers in the Gulf of Oman last week and sent prices higher. Brent futures fell 25 cents, or 0.4 per cent, to 61.76 dollar a barrel by 0750 […]

 The National Bureau of Statistics (NBS), says the consumer price index (CPI) which measured inflation increased to 11.40 per cent (year-on-year) in May from 11.37 per cent recorded in April. The NBS made this known in its “CPI and Inflation Report’’ for May released in Abuja on Monday on its website. The bureau said the […]