Finance & Economy - Page 124

Nigeria’s Economic Growth Slips As IMF Cites Oil Production Decline

The International Monetary Fund (IMF) has delivered sobering news for Nigeria’s economic prospects. In their 2023 World Economic Outlook, released during the Annual Meetings in Marrakech, Morocco, the IMF has revised Nigeria’s

Emmanuel Ochayi

1 year ago

Africa·Finance & Economy

History As Africa Hosts First World Bank/IMF Meeting In 50 years

the World Bank and the International Monetary Fund (IMF) on Monday opened their first meetings on African soil, lauding the resilience of Africans.

Victor Ezeja

1 year ago

NNPC: Petrol Import To Stop As Port Harcourt Refinery Begins Operations Soon

Business·News·Oil & Gas

Why Some Marketers Sell Fuel N3 Cheaper Despite 30% Rise In Oil Prices – NNPCL

The Group Managing Director of the Nigeria National Petroleum Company Limited (NNPCL), Mele Kyari, has insisted that the downstream petroleum sector of Nigeria’s economy is fully deregulated, pointing out that this explains

Victor Ezeja

1 year ago

Finance & Economy

Nigeria’s Economic Woes Worsen As Investments From US, UK Wane

Major contributors to Nigeria's foreign investment inflows, including the United Kingdom (UK), the United States of America (USA), the Republic of South Africa (RSA), Singapore, and the United Arab Emirates (UAE), have

Emmanuel Ochayi

1 year ago

Finance & Economy

Emerging Economies Face $220bn Budget Cuts Amid Looming Debt Crisis – Oxfam Warns

Oxfam International’s recent report has exposed a looming debt crisis set to push impoverished nations into budget reductions exceeding $220 billion over the next five years. This dire situation coincides with the

Emmanuel Ochayi

1 year ago

Business·Oil & Gas·World News

Hamas Attack On Israel, Rising Tensions Surge Oil Prices

Global crude oil prices have surged following the Hamas attack on Israel, resulting in a tragic loss of over a thousand lives on both sides. This incident follows a previous dip in

Emmanuel Ochayi

1 year ago

NNPCL Denies Inflating Fuel Subsidy Payments

News·Oil & Gas

NNPCL Denies ‘Northern Oil Cabal’ Claims, Affirms Transparency In Pipeline Contracts

The Nigerian National Petroleum Company Limited (NNPCL) has dismissed allegations of favoritism in awarding oil pipeline contracts, asserting that the process was transparent and adhered to international standards. Addressing the allegations, NNPCL’s

Victor Ezeja

1 year ago

Tinubu Explains Why Nigeria Stopped Exporting Raw Gold, Lithium, Other Minerals

Finance & Economy

Financial Times Sees Signs Of Economy Going Bad Under Tinubu, Advocates Momentum

The Financial Times of London (FT) has stated that although President Bola Tinubu moved quickly to raise expectations after taking over the reins of government, there are signs of things going awry

Victor Ezeja

1 year ago

Finance & Economy

Lagos Corners 69% Of Capital Inflows To Nigeria As Foreign Investors Shun 28 States

Nigeria’s foreign investment in Nigeria witnessed a significant downturn with 28 states of the federation missing out on foreign capital importation in the first half of 2023.

Victor Ezeja

1 year ago

Business·Oil & Gas

Nigerian Govt Still Pays Fuel Subsidy, PENGASSAN Insists

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has challenged President Bola Tinubu’s declaration that the era of fuel subsidies had ended. PENGASSAN’s National President, Festus Osifo, who also

Emmanuel Ochayi

1 year ago

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Finance & Economy - Page 124

Nigeria’s Economic Growth Slips As IMF Cites Oil Production Decline

History As Africa Hosts First World Bank/IMF Meeting In 50 years

Why Some Marketers Sell Fuel N3 Cheaper Despite 30% Rise In Oil Prices – NNPCL

Nigeria’s Economic Woes Worsen As Investments From US, UK Wane

Emerging Economies Face $220bn Budget Cuts Amid Looming Debt Crisis – Oxfam Warns

Hamas Attack On Israel, Rising Tensions Surge Oil Prices

NNPCL Denies ‘Northern Oil Cabal’ Claims, Affirms Transparency In Pipeline Contracts

Financial Times Sees Signs Of Economy Going Bad Under Tinubu, Advocates Momentum

Lagos Corners 69% Of Capital Inflows To Nigeria As Foreign Investors Shun 28 States

Nigerian Govt Still Pays Fuel Subsidy, PENGASSAN Insists

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