‘Manufacturers Spend Over N143bn On Alternative Electricity Supply’
Manufacturers in Nigeria, in the last two years, 2019 to 2020, spent about N143.29 billion on alternative power supply, says the Manufacturers Association of Nigeria […]
Recession
Oando’s share price up by 10%
Oando Plc joined the Nigerian Stock Exchange (NSE) top gainers with a 10 per cent increase in share price from N3.18 to N3.41 yesterday. The […]
Telecoms, crop production, others take Nigeria out of recession
Nigeria’s telecommunications industry, regulated by the Nigerian Communications Commission (NCC), is one of the sectors whose performance lifted the country out of recession in the […]
I bought my third jet during COVID-19 pandemic, Apostle Suleman boasts
The General Overseer of Omega Fire Ministries International, Apostle Johnson Suleman, says he bought his third jet during the raging COVID-19 pandemic which pushed the […]
FG: economic activities recovering, recording positive growth
The federal government has said that economic activities in Nigeria are recovering. This, the government said, is reflected by a reduced contraction of 3.6 percent […]
Rescind hike in electricity tariff – PDP to Buhari
By Chibuike Nwabuko Abuja (Sundiata Post) – The opposition Peoples Democratic Party has reacted to the announced hike in electricity tariff by the ruling All […]
2021: Which Way Nigeria oooo? By Dakuku Peterside
Legendary highlife and Afrobeat musician, Sunny Okosun in February 1983 sang a prophetic song with the above title. In the music, the Ozzidi master asked: […]
Senate passes 2021 budget, wants Executive to submit supplementary budget
By Chibuike Nwabuko Abuja (Sundiata Post) – Senate on Monday passed the N13.082trillion 2021 budget even as the red chamber uncovered a need for a […]
2020 budget: N’Assembly won’t approve another extension request – Senate
By Chibuike Nwabuko Abuja (Sundiata Post) – President of the Senate, Ahmad Lawan, has said that the National Assembly would not accede to another request […]
Dissolution: Declare all APC seats vacant, PDP tells INEC
The Peoples Democratic Party has asked the Independent National Electoral Commission to declare all legislative seats occupied by members of the All Progressives Congress vacant. […]
OPEC Seeks Oil Recovery, Continues Production Cut Talks
The Organisation of the Petroleum Exporting Countries will, on Tuesday, continue its discussion on the extension oil production cuts as it set its sights on […]
Despite COVID-19 Harsh Conditions, Banks’ Profits Rise To N677bn
Despite the economic meltdown caused by the COVID-19 pandemic, the nine months 2020 financial results of 12 commercial banks have shown that they recorded a […]
Fed Govt, CBN Point To Results In Economy Recovery Plan
At the backdrop of the slide into the second recession in five years, fiscal and monetary authorities are indicating that efforts are on all fronts […]
India Enters Recession, Worst Among Major Economies
India’s economy contracted 7.5 percent between July and September, performing the poorest among major advanced and emerging economies and entering a technical recession for the […]
Economists fear a “double dip” recession is coming soon
The U.S. economy is losing steam as COVID-19 cases continue to spread across the country and Congress delays passing another coronavirus relief package to help […]
Unemployment claims rise for the second week in a row
The number of Americans applying for jobless aid rose for the second week in a row, signaling the economic recovery is losing speed. Roughly 778,000 […]
COVID-19: UK to borrow £394bn to increase doctors’ pay, tackle recession
The United kingdom is set to borrow £394 billion to deal with the economic impact of the coronavirus pandemic. This is the highest ever amount […]
Our Recession Will Be Shortlived – Minister Of Information and Culture, Lai Mohammed
Lai Mohammed, The Minister of Information and Culture has said that the government is confident that with the intervention policies, the fiscal and monetary interventions […]
A Tale of two economies, By Stephen S. Roach
As financial markets celebrate the coming vaccine-led boom, the confluence of epidemiological and political aftershocks has pushed us back into a quagmire of heightened economic […]
Economic Recession: CBN Retains Key Lending Rates
The Monetary Policy Committee has retained key lending rates at 11.5%. Governor of the Central Bank of Nigeria (CBN) announced this on Tuesday, saying it […]