Finance & Economy - Page 111

Eni, Nigerian Govt Pause Oilfield Dispute Arbitration For License Talks

Eni Halts Arbitration On OPL 245 Oilfield Dispute With Nigerian Govt

Eni, an Italian oil giant, has pressed pause on their arbitration proceedings concerning the OPL 245 oilfield dispute with the Nigerian government. The move aims to open discussions on transforming the license

Emmanuel Ochayi

1 year ago

Business·News·Oil & Gas

Nigerian Govt Faces $16 Trillion Loss From Decade-Long Natural Gas Flaring- Report

The Federal Government of Nigeria has been revealed to have incurred an estimated loss of $16 trillion over the past decade due to natural gas flaring, as detailed in the Energy Institute’s

Emmanuel Ochayi

1 year ago

"No Omelette Without Breaking Eggs"- Sanwo-Olu Explains Nigerians' Resistance To Tax Reform Bills

Business·Finance & Economy·News

AfDB Report Reveals Lagos Budget Disparity, Ignites Wasteful Spending Outcry

The African Development Bank (AfDB) has uncovered startling revelations about Lagos State’s budget allocation and its impact on the city’s impoverished population. The report titled From Millions to Billions: Financing the Development of

Emmanuel Ochayi

1 year ago

Africa·Business·News·Oil & Gas

German Chancellor Pledges $4.4 Billion For Africa-EU Green Energy Initiative

In a commitment during the G20 Compact with Africa Investment Summit in Berlin today, German Chancellor Olaf Scholz announced $4.4 billion funding injection into the Africa-EU Green Energy Initiative, aiming to span

Emmanuel Ochayi

1 year ago

Official Market Records Decline In Dollar Rate, Trade Flat In Black Market

Business·Currency·News

13 Nigerian States Reap N71.59 Billion Forex Profits Amidst Naira’s Depreciation

In a financial upturn that defied the odds, thirteen Nigerian states have raked in a sum of N71.59 billion in foreign exchange revaluation profits within just three months. This revelation surfaced from the latest

Emmanuel Ochayi

1 year ago

Business·News·Oil & Gas

Fuel Scarcity Looms In South-East, South-South, Others As IPMAN Threatens To Stop Supply

Residents of South East, South-South and North Central zones in Nigeria may suffer another round of petrol scarcity as the Eastern zone of the Independent Petroleum Marketers Association of Nigeria (IPMAN), has

Victor Ezeja

1 year ago

Business·Finance & Economy·News

Prices Of Rice To Soar By 32% In 2024 Despite Expected Production Increase – Report

In an agricultural forecast for the upcoming year, the AFEX Wet Season Crop Production Report for 2023 has projected a surge of 32% in the price of paddy rice. This price hike is

Emmanuel Ochayi

1 year ago

Africa·Business·Finance & Economy·News

High Taxes Hinder Smartphone Access In Africa, GSMA Urges Collaborative Solutions

The Global System for Mobile Telecommunication Association (GSMA) underscored the detrimental effects of taxation on smartphone adoption in Nigeria and Sub-Saharan Africa. According to their report, taxes and duties contribute to the

Emmanuel Ochayi

1 year ago

Food Prices Increase By 31% In Ebonyi, Abia

Business·Finance & Economy·News

Food Inflation Declines In Nigeria Amidst High Prices; NBS Reports 0.54% Decrease In October

In a turn amidst Nigeria’s soaring inflation, the National Bureau of Statistics (NBS) unveiled a decline of 0.54 percent in food inflation for October, marking a glimmer of hope amid economic concerns.

Emmanuel Ochayi

1 year ago

I Was Awake Until 3am So 400,000 NPower Beneficiaries Can Be Paid Before Christmas Minister

Business·Finance & Economy·News

Nigerian Govt Allocates 10% Social Intervention Funds To People With Disabilities

In a move toward inclusivity, Minister Betta Edu emphasized the Federal Government’s commitment to allocating 10% of social intervention funds to empower people living with disabilities (PwDs). Speaking in Abuja during the

Emmanuel Ochayi

1 year ago

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Finance & Economy - Page 111

Eni Halts Arbitration On OPL 245 Oilfield Dispute With Nigerian Govt

Nigerian Govt Faces $16 Trillion Loss From Decade-Long Natural Gas Flaring- Report

AfDB Report Reveals Lagos Budget Disparity, Ignites Wasteful Spending Outcry

German Chancellor Pledges $4.4 Billion For Africa-EU Green Energy Initiative

13 Nigerian States Reap N71.59 Billion Forex Profits Amidst Naira’s Depreciation

Fuel Scarcity Looms In South-East, South-South, Others As IPMAN Threatens To Stop Supply

Prices Of Rice To Soar By 32% In 2024 Despite Expected Production Increase – Report

High Taxes Hinder Smartphone Access In Africa, GSMA Urges Collaborative Solutions

Food Inflation Declines In Nigeria Amidst High Prices; NBS Reports 0.54% Decrease In October

Nigerian Govt Allocates 10% Social Intervention Funds To People With Disabilities

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