Category Archives: Economy

Nigeria, Russian firm stake N16trn to build four nuclear plants

Nigeria has signed an agreement with a Russian firm, Rosatom, to build four nuclear power plants in the country valued at $80 billion, about N16 trillion. The power plants which will have a combined capacity of 4,800 megawatts, are expected … Continue reading

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FG’s marked out 13 export products as replacement for oil – Aganga

THE Federal Government has marked out 13 national strategic export products, meant to replace petroleum products, the prices of which have continued to tumble at the international markets, threatening the stability of the Nigerian economy, Minister of Trade and Investments, … Continue reading

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CBN Devalues Naira From 155 to168 , Raises Lending Rate to13%

The Central Bank of Nigeria, CBN, has announced a new official naira-to-dollar exchange rate, forcing down the Nigerian currency by ₦13, as the country struggles to reshape its fiscal policies in response to dwindling oil price. The bank devalued the … Continue reading

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Foreign reserve now $38bn — Okonjo- Iweala

Abuja—The nation’s foreign reserve currently stands at $38 billion, the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, disclosed yesterday. Speaking at the Public Affairs Forum, in Abuja, the minister said the economy was stable and … Continue reading

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Introducing the world’s next tallest building –which also cleans the air

Imagine a skyscraper that cleans the air. You won’t have to wait long — two will soon be built in China. The world’s tallest towers, futuristic pink spires that “breath life” into the environment, are due to begin construction within … Continue reading

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Dora Akunyili At National CONFAB….. Still Lean!

Dora Akunyili Appears At National CONFAB Again, Still Lean! She Affirms Her Commitment…… Dora was speaking, yet Nnamani still continued to sleep? What are they eating there?

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Banks may shut down operations in Imo

Commercial banks operating in Imo State are threatening to close shop if government and it’s agents do no stop the harassment, which has engineered the face-off currently raging between them. Vanguard investigations revealed that the feud between government and the … Continue reading

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