Economy

  Telecommunications giant, MTN, has increased the salaries of its staff in Nigeria by up to 17 percent, after the company infused about N4.5 billion into its salary scale. Amidst the COVID-19 pandemic when many companies...

  The Nigerian National Petroleum Corporation, NNPC, and Italian engineering company, Tecnimont SpA, on Tuesday, signed the $1.5billion engineering procurement and construction, EPC contract for the rehabilitation of the Port Harcourt refinery in Rivers state. Managing...

  The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending, NIRSAL, has disclosed that it has recovered 51 percent of its legacy loans. NRSAL’s Managing Director, Aliyu Abdulhameed stated this in response to the Central Bank...

  Akwa Ibom State owned Airline, Ibom Air, has announced that it is set to commence flight operations between Nigeria and The Gambia. The development was part of discussions on Monday when the Gambian High Commissioner...

Commercial banks on Sunday have reconnected MTN customers to the Unstructured Supplementary Service Data USSD and banking apps. The crisis was resolved following the intervention of the Minister of Communications and Digital Economy, Isa Pantami; and...

The World Bank says Nigeria made an early exit out of recession than projected in its October 2020 forecast for Sub-Saharan Africa (SSA).   In its latest Africa Pulse Report for April 2021 titled, ‘COVID-19 and...