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Economy
Appraising Nigeria’s conglomerates sector
A company is regarded as a conglomerate if it has a combination of multiple business entities
operating in entirely different industries under one corporate group. Having a wide range of…
US Jobless claims hit 3.2m first time since 1982
The number of jobless claims in the United States has reached 3.2 million for the first time since 1982. The record is coming after weeks in which the pandemic coronavirus has forced many…
Coronavirus: Lagos extends filing deadline for annual tax returns
The Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing annual tax returns for employees and self-employed persons by two months from 31 March 2020.…
Manufacturing PMI at 35-month low signals lingering woe for growth-challenged Nigeria
After recording its fastest quarterly growth since 2016 recession, the coronavirus outbreak could see Nigeria’s economy slow or contract in the first quarter of 2020, as manufacturers have…
Nigerian firms’ confidence index deteriorates to 6.6 points in March
The overall confidence of Nigerian businesses on macro economy has worsened as the index fell to 6.6 points in March from 26.6 in February 2020.
The Central Bank of Nigeria (CBN) on…
Lawan, Gbajabiamila meet ministers, Emefiele on planned 2020 budget review
The Leadership of the National Assembly on Wednesday held a meeting with some Ministers and Heads of agencies from the Executive arm of Government, as well as the Governor of Central Bank,…
Nigeria government may be heading for complete lockdown as Coronavirus spreads
There are now fears the Nigeria government may be heading for a complete lockdown , as more officials of the Buhari government may have been affected by the ravaging Coronavirus.…
Nigeria yet to wake up to a rapidly changing world
Nigeria is facing low oil prices and the novel coronavirus pandemic, two disablers of economic growth but with fewer arrows in its quiver than it had in 2008, during the global economic…
Manufacturing PMI slows to 51.1pts in March 2020, lowest in over a year
Nigeria’s manufacturing Purchasing Managers’ Index (PMI), a gauge for manufacturing sentiments, slowed in March to its lowest in over a year, according to data by the Central Bank of Nigeria…
Nigeria offers massive Oil Price discounts to lure buyers But will it be enough?
Nigeria opened a new front in the oil price war between some of the world’s largest OPEC+ countries, offering to sell its crude in April at unusually large discounts in an effort to undercut…