Despite the backdrop of the positive growth reported for the Nigerian economy in the second quarter 2021 amidst the adverse effect of the COVID-19 pandemic and the drop in Nigeria oil production, a few numbers of commercial banks have recorded impressive growth in their revenues.
Findings from the financial results of five leading banks listed on the Nigerian Exchange Limited (NGX) show that the combined gross earnings grew marginally.
Former Statistician-General of the National Bureau of Statistics (NBS), Dr. Yemi Kale, has warned that Nigeria is now home to one of the world’s largest concentrations of poor people, with millions slipping into hardship as reforms reshape the economy. Speaking in Lagos
Medicare and Medicaid payments will continue, but some administrative functions may slow down. National parks may remain open without visitor services, and food assistance programs may face disruptions.
The Federal Government has brokered peace between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and Dangote Refinery, leading to the suspension of the union’s nationwide strike. Minister of Labour and Employment, Dr. Mohammed Maigari Dingyadi, confirmed the truce
Nigeria has experienced eight recessions since independence — in 1967, 1975, 1978, 1981–1983, 1993, 2016, and 2020 — largely triggered by oil price shocks, fiscal mismanagement, or global crises. Each downturn revealed the same structural fragilities: heavy reliance on oil revenues, weak
The standoff between Dangote Petroleum Refinery and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) deepened on Monday as the union dismissed reports of a valid court injunction halting its nationwide strike. Reports earlier in the day suggested that
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