Author Archives: Ruth Omoteso

Report released by the National Bureau of Statistics revealed that Nigeria Gross Domestic Product (GDP) grew by 3.98%(year-on-year) in real terms in the fourth quarter of 2021, showing a sustained positive growth for the fifth quarter since the recession witnessed in 2020 when output contracted by -6.10% and -3.62% in Q2 and Q3 of 2020 under the […]

The Nigerian National Petroleum Company (NNPC) has assured Nigerians that the fuel scarcity triggered by recent importation of toxic Premium Motor Spirit (PMS) will soon end. NNPC Group Managing Director (GMD), Mele Kyari explained that the recent importation of toxic Premium Motor Spirit (PMS), popularly known as petrol, into the country was not deliberate. According to him,[…]

The Nigerian stock market on Thursday closed on a negative note as the All Share Index declined marginally by 0.01% to close at 47,102.64 points from the previous close of 47,109.25 points. The Market Capitalisation closed flat at N25.386 trillion from the previous close of N25.385 trillion. An aggregate of 357.76 million units of shares were traded[…]