Finance & Economy - Page 114

Defense Minister Aims For 1.9 Million Barrels Daily By Year-End

Nigeria’s Defense Minister, Bello Matawalle, has unveiled a plan to increase the country’s oil production level to 1.9 million barrels per day, marking an improvement from the current 1.5 million barrels per

Emmanuel Ochayi

1 year ago

Business·Finance & Economy

NEITI Reveals Why Nigerian States Are Backward

A total of N2.10 trillion was added to the recurrent expenditure of Nigerian states between 2020 and 2021 jacking up the deficit by 22.97 per cent to N1.16 trillion in 2021. This

Victor Ezejaand

Admin

1 year ago

Nigeria's Inflation Rate Hits 33.88% In October Amid Fresh Fuel Price Spike

Business·Finance & Economy·News

KPMG Predicts Nigeria’s Inflation To Soar At 30% By December 2023 Amidst Economic Reforms

Global financial advisory service firm, KPMG, has predicted that Nigeria’s headline inflation is poised to skyrocket to 30% by the end of 2023. The West African nation, already grappling with a headline

Emmanuel Ochayi

1 year ago

Business·News·Oil & Gas

Dangote’s $19B Refinery Set To Meet Nigeria’s Energy Demands

Africa’s wealthiest individual, Aliko Dangote, has confirmed that the output from his $19 billion refinery complex is poised to soon meet the energy demands of Nigeria and global markets. Speaking with Bloomberg

Emmanuel Ochayi

1 year ago

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency·News

Naira Rises To N780/$1 In Official Market, Depreciates In Black Market

Today’s financial landscape presents a tale of dual destinies for the Nigerian naira: a soaring achievement in the official market as it reaches a new high of N780 against the dollar, juxtaposed

Emmanuel Ochayi

1 year ago

Business·Finance & Economy·News

UBA, Saudi EXIM Bank Partner To Boost Trade, Business Relations

In a move aimed at bolstering economic ties between Africa and Saudi Arabia, the United Bank for Africa (UBA) Plc and Saudi Export-Import Bank (Saudi EXIM) have solidified a partnership. This collaborative

Emmanuel Ochayi

1 year ago

Blue Economy: Tinubu Appoints New Executive Directors For NPA, NIMASA

Business·Finance & Economy·News

Nigeria’s 2023 Budget Strain: FG To Spend N7.76tn On Salaries, Others

Nigeria’s Federal Government is grappling with financial commitments as the latest budget forecasts a portion of funds—N7.76tn—allocated to cover salaries, recurrent expenses, and new outlays outlined in the 2023 supplementary budget. This

Emmanuel Ochayi

1 year ago

Finance & Economy

How China’s Slowing Economy Drags Nigeria’s – IMF

As the biggest trading partner of Sub-Saharan African and market for one-fifth of the region’s exports, any form of slow growth in China would have a ricochet effect across the continent, the

Victor Ezejaand

Admin

1 year ago

Finance & Economy·News

Solid Minerals Remit Least As Nigeria’s Revenue From NNPC Declines By 56% In 2 Years

It has emerged that between the 1st of January 2020 and 31st of December, 2021, contributions from the Nigerian National Petroleum Company (NNPC) to the federation’s purse declined significantly by 56 per

Victor Ezejaand

Admin

1 year ago

Finance & Economy·News

AfDB’s Adesina Differentiates Between Africa’s Fastest Way Out Of Poverty, And Into Wealth

Insisting that Africa must help feed the world by becoming a global player in agriculture, President of the African Development Bank (AfDB), Dr Akinwumi Adesina says “We must recognise that the fastest

Victor Ezejaand

Admin

1 year ago

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Finance & Economy - Page 114

Defense Minister Aims For 1.9 Million Barrels Daily By Year-End

NEITI Reveals Why Nigerian States Are Backward

KPMG Predicts Nigeria’s Inflation To Soar At 30% By December 2023 Amidst Economic Reforms

Dangote’s $19B Refinery Set To Meet Nigeria’s Energy Demands

Naira Rises To N780/$1 In Official Market, Depreciates In Black Market

UBA, Saudi EXIM Bank Partner To Boost Trade, Business Relations

Nigeria’s 2023 Budget Strain: FG To Spend N7.76tn On Salaries, Others

How China’s Slowing Economy Drags Nigeria’s – IMF

Solid Minerals Remit Least As Nigeria’s Revenue From NNPC Declines By 56% In 2 Years

AfDB’s Adesina Differentiates Between Africa’s Fastest Way Out Of Poverty, And Into Wealth

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