Finance & Economy - Page 63

NNPC: Oil Production To Increase To 1.7mbpd Amid Infrastructure Challenges

Nigeria’s Oil Output Surges To 1.4 million Bpd, Fueling Economic Optimism

Amidst a global surge in crude oil prices, Nigeria’s oil production witnessed an upswing, reaching 1,426,574 barrels per day in January 2024. This is shown in data obtained from the Nigerian Upstream

Victor Ezeja

10 months ago

Finance & Economy

States’ Allocation To Increase By 69% In 2024, Yet Borrowing Persists

In a projection for the year 2024, state governments in Nigeria anticipate an increase in statutory federal allocations, marking a 69% rise to N5.54 trillion Prime Business Africa reports that this surge,

Emmanuel Ochayi

10 months ago

Labour·Latest News

Nigerian Workers Need New Minimum Wage But Not N1m – Moghalu

Former Deputy Governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu has countered the proposal by President of the Nigerian Labour Congress (NLC), Comrade Joe Ajero, that organised labour might

Victor Ezeja

10 months ago

Naira Drops To N1606 Per Dollar, Lowest In 3 Weeks At Official Market

Business·Currency

Naira Hits N1,532/$1 As Nigerians Lament Worsening Economic Crisis

Nigerian naira plummeted to a historic low of N1,534 against the dollar on Monday, marking a downturn from its previous closing rate.

Emmanuel Ochayi

10 months ago

Finance & Economy·Latest News

Nigeria’s Hardship Will Multiply If IMF’s Advice On Electricity Subsidy Removal Is Followed, Alaje, Shehu Sani Warn

Nigeria has been warned against heeding the International Monetary Fund's advice on removing electricity subsidy as that could worsen economic hardship in the country.

Victor Ezeja

10 months ago

Gold Near Record Highs Amidst Inflation Concerns

Business·Currency

Gold Price Steady Below $2,030 Amidst Geopolitical Tensions

Amidst a backdrop of geopolitical tensions in the Middle East and anticipation for upcoming US inflation data, gold prices remained range-bound below the $2,030 mark on Monday.

Emmanuel Ochayi

10 months ago

IMF Sympathises With Victims Of Kenya Anti-tax Protest

Finance & Economy

IMF Warns Of Deepening Economic Crisis In Nigeria

In an assessment of Nigeria’s economic landscape, the International Monetary Fund (IMF) has sounded the alarm on the country’s challenges, pointing to stalled per-capita growth, soaring poverty rates, and escalating food insecurity

Emmanuel Ochayi

10 months ago

Business·Latest News·Oil & Gas

Nigeria’s Power Minister Advocates Naira Payments For Gas

In a bid to address the persistent challenges plaguing Nigeria’s power sector, Minister of Power, Adebayo Adelabu, has unveiled a proposal to mandate domestic gas payments in naira. This initiative aims to

Emmanuel Ochayi

10 months ago

Oil & Gas

Shell Nigeria Seeks NCDMB’s Support For Its Oil, Gas Projects

The leadership of Shell Companies in Nigeria on Wednesday sought the support of the Nigerian Content Development and Monitoring Board (NCDMB) to achieve accelerated development of three major oil and gas projects

Admin

10 months ago

Nigerian Govt Must Prioritise Investment In Agriculture To Boost Economy – Experts

Agro-Economy·Business

High Food Costs: Only Targeted Govt Intervention To Boost Production Can Save Nigeria – Lawmaker

As the costs of items and other things continue to rise in Nigeria, the Federal Government has been advised to take concrete actions to address to and save the citizens from excruciating

Victor Ezeja

10 months ago

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Finance & Economy - Page 63

Nigeria’s Oil Output Surges To 1.4 million Bpd, Fueling Economic Optimism

States’ Allocation To Increase By 69% In 2024, Yet Borrowing Persists

Nigerian Workers Need New Minimum Wage But Not N1m – Moghalu

Naira Hits N1,532/$1 As Nigerians Lament Worsening Economic Crisis

Nigeria’s Hardship Will Multiply If IMF’s Advice On Electricity Subsidy Removal Is Followed, Alaje, Shehu Sani Warn

Gold Price Steady Below $2,030 Amidst Geopolitical Tensions

IMF Warns Of Deepening Economic Crisis In Nigeria

Nigeria’s Power Minister Advocates Naira Payments For Gas

Shell Nigeria Seeks NCDMB’s Support For Its Oil, Gas Projects

High Food Costs: Only Targeted Govt Intervention To Boost Production Can Save Nigeria – Lawmaker

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