Business

Oil price outlook supporting Nigeria’s growth, says IMF

The International Monetary Fund (IMF) has said that despite its reversal of Nigeria’s growth forecast, a positive oil price outlook will support the country’s challenging economy in 2019. The development is still reaffirming Nigeria’s dependence on the performance of hydrocarbon, despite seeming an improvement in non-oil exports and acclaimed diversification efforts. The global institution, in […]

Business

AMCON lists Ministers, lawmakers among N5tn chronic debtors

The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria, Ahmed Kuru, said the chronic debtors of the corporation were occupying top government positions. He also said that the corporation was working with other agencies such as the Economic and Financial Crimes Commission, the Independent Corrupt Practices and other Related Offences Commission, and the Nigeria […]

Sports

Nigeria now 33rd on FIFA ranking

Nigeria’s Super Eagles have moved up 12 spots in the July FIFA ranking, to place 33rd in the world after winning bronze at the just-concluded Africa Cup of Nations tournament. In the ranking table released by the world football governing body on Thursday, Nigeria garnered 1, 481 points as against 1, 433 it had in […]

Business

Counterfeit phones take over Nigerian market

The menace of counterfeit phones and other devices may remain in Nigeria unless drastic actions are deployed by the Federal Government. Stakeholders urged the government to become more combative rather than being re-active in the fight against the menace in the country, which they claimed is robbing the economy significantly. Already, the Mobile Manufacturers Forum […]