The National Bureau of Statistics on Monday released the Gross Domestic Product growth rate for the second quarter of this year, with the economy recording a decline in performance from 1.95 per cent in the first quarter to 1.5 per cent. The bureau, in the report which was made available to News men, said the […]

Forte Oil Plc posted a profit after tax of N7.9bn for the first half of 2018, compared to N4.11bn recorded in the same period last year. The firm’s unaudited results for the period ended June 30, 2018 showed that its revenues increased by 32 per cent to N61.8bn from N46.7bn. Its earnings per share grew […]

The nation’s power generation plunged by 777.9 megawatts on Monday as output from the hydropower plants and some gas-fired stations, including Egbin in Lagos, suffered declines. A total generation capacity of 4,463.3MW was unavailable as of 6am on Monday, compared to 3,631.4MW on Friday, according to the latest data obtained by our correspondent from the […]

The European Union and Japan have signed one of the world’s biggest free trade deals, covering nearly a third of the world’s GDP and 600 million people. One of the biggest EU exports to Japan is dairy goods, while cars are one of Japan’s biggest exports. The move contrasts sharply with actions by the US […]

Amazon workers in a number of European countries are taking industrial action to coincide with the internet retail giant’s Prime promotion event. On Tuesday, thousands of staff at warehouses in Germany will walk out to demand better conditions, joining those taking action in Spain and Poland. Germany is the company’s second biggest market after the […]

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