According to the report, the drop in prices of oil in the international market from $101.91 in 2014 to $52.16 in 2015 is a major factor.
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In its 2018 Economic Outlook released on Friday in Lagos, the LCCI also forecast an inflation rate of 13 per cent for the country next year.
The three men were apprehended in the late hours of December 21, 2017 at Abiola Street, Oke-Ira, Ogba, Lagos, while reconnecting customers of Ikeja Electric who had been disconnected following outstanding bills owed the Disco.
In a leaked memo, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, had alleged lack of due process in the award of contracts valued at over $25 billion by the NNPC
This contradicts TCN’s claim that it recorded a new national peak with the transmission of 5,222.3megawatts, the same day, the highest ever recorded in Nigeria’s power sector to-date
This is coming just as the organisation gave indication that it might prevent Engina FPSO, which is due to arrive Nigeria in January 2018, from accessing the Nigerian waterways
The move by Apple was a response to an uproar from iPhone users — and a series of lawsuits — after news of the battery problems stoked concerns the company was unfairly nudging consumers to upgrade
The MD was sent to jail by a Federal High Court in Lagos after he was docked by the Special Fraud Unit of the Nigeria Police Force
Abubakar, while presenting the budget, tagged: “Budget of consolidation,” announced that N69 billion, representing 41 per cent, was for recurrent expenditure, while N100 billion, representing 59 per cent, was for capital expenditure.
Shettima said the bill, tagged: “Budget of Resettlement and Empowerment,” was less than that of 2017 by N13.560 billion or 7.38 per cent.
Statistics obtained by the News Agency of Nigeria from FAAN in Abuja on Thursday revealed that 6.38 million domestic and 2.8 international passengers passed through the airports during the period.
Some of the aggrieved passengers had on Thursday morning besieged the airline’s Check-In counter at the Murtala Muhammed International Airport, Lagos.
MTN said in Johannesburg that the loan, which was due in 2024/2025, would allow its Nigerian unit to continue to invest in its network and simplify MTN’s interests in IHS.
The News Agency of Nigeria reports that Total led the gainers’ table with a gain of N10.95 to close at N229.95 per share.
Governor Ifeanyi Ugwuanyi, who read the 2018 proposal to the Assembly on Thursday, christened it: “Budget of Sustainable Economic Growth.”
Bindow gave the assurance on Thursday while signing the 2018 budget of N177.9 billion at a ceremony in Government House, Yola.
The House read for the second time: “A Bill for A Law To Repeal The Land Use Charge Law 2001 and Enact Land Use Charge 2017 and For Connected Purposes.”
The team, led by Anthony Douji from Enugu office, stormed eight filling stations, which were selling at N250 per litre, and forced them to revert to the official rate of N145 per litre.
Umar Ajiya, the Managing Director, Nigerian Product Marketing Company, also known as PPMC, had on December 13 warned illegal profiteers to desist or face losing their products.
The State Commissioner for Information and Communication, Alhaji Mahmud Ajeigbe, said in a statement on Thursday that contrary to the allegation, the State Government has actually concluded arrangements to embark on a comprehensive renovation of the state-owned hotel.