Finance & Economy - Page 93

Christmas: Nigerians Slash Budget For Rice, Other Items As Costs Hit Harder

Local Rice Prices Skyrocket By 73.2% Despite Govt Support, Farmers Dispute Inflation Figures

The price of locally produced rice in Nigeria has surged by a 73.2% in just one year, despite efforts by the Central Bank of Nigeria to bolster the rice value chain. This

Emmanuel Ochayi

1 year ago

NNPC, Oil Marketers Disagree Over Fuel Subsidy Regime Contract

Business·Oil & Gas

How Fuel Subsidy Removal Forced Many Marketers Out Of Business – IPMAN

IPMAN voiced its concern over the crippling effects of President Bola Tinubu's removal of fuel subsidies, highlighting the immense financial strain on their members.

Emmanuel Ochayi

1 year ago

Naira vs Dollar: What To Expect This Week

Business·Currency

Naira Falls To N1,035/$1, As Depreciation Persists

The Nigerian Naira encountered a steep fall, culminating in a close at N1,035.12 per dollar in the official market on January 3, 2024, indicating a 4.72% decline from the previous closure. The

Emmanuel Ochayi

1 year ago

Business·Oil & Gas

No Plan To Increase Petrol Pump Price, NNPC Assures Nigerians

The Nigerian National Petroleum Company (NNPC) Limited says it has no plan to increase the pump price of Premium Motor Spirit (PMS) commonly known as petrol. This was made known in a

Victor Ezeja

1 year ago

Business·Currency

Nigerian Naira Depreciates To N988/$ Despite $2.25bn Injection In Forex Market

The Nigerian naira spiraled downwards by 8.97% against the dollar, closing at N988.46/$1 despite a $2.25 billion infusion from Afreximbank.

Emmanuel Ochayi

1 year ago

Agro-Economy·Business

Nigeria, Other West African Countries To Endure Soaring Food Prices In 2024 – Report

A looming crisis in West Africa's food security emerges as experts predict a distressing surge in staple food prices across the region in 2024.

Emmanuel Ochayi

1 year ago

How Strong Competitive Market Will Stabilise Fuel Price In Nigeria

Business·Oil & Gas

NNPC, Marketers Bicker On Fuel Subsidy Payment As Naira Depreciation Deepens

Further depreciation of naira while the pump price of Premium Motor Spirit (PMS) popularly called petrol sells between N617 and N650 have resurrected contentious debates between independent petroleum marketers and the Nigerian

Victor Ezeja

1 year ago

Nigeria Optimistic On Achieving 1.7mpd Crude Despite November Output Drop

Business·Oil & Gas

Nigeria’s Petroleum Minister Targets 2 Million Barrels Daily Crude Oil Production In 2024

Minister of State for Petroleum Resources, Heineken Lokpobiri, has set a target for Nigeria's crude oil production, eyeing a jump to 2 million barrels per day in 2024.

Victor Ezeja

1 year ago

Finance & Economy

BRICS Capital Inflow To Nigeria Plummets By 59.84% In Q3 2023 – NBS

The National Bureau of Statistics (NBS) released a report unveiling a 59.84% drop in foreign capital from BRICS nations during Q3 of 2023.

Emmanuel Ochayi

1 year ago

Why Tinubu Govt Is Against Borrowing To Fund 2024 Budget - Edun

Finance & Economy·News

Nigeria Will Rely More On Revenue To Implement 2024 Budget – Finance Minister

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced a move by the federal government to move away from heavy reliance on borrowing for the implementation of

Victor Ezeja

1 year ago

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Finance & Economy - Page 93

Local Rice Prices Skyrocket By 73.2% Despite Govt Support, Farmers Dispute Inflation Figures

How Fuel Subsidy Removal Forced Many Marketers Out Of Business – IPMAN

Naira Falls To N1,035/$1, As Depreciation Persists

No Plan To Increase Petrol Pump Price, NNPC Assures Nigerians

Nigerian Naira Depreciates To N988/$ Despite $2.25bn Injection In Forex Market

Nigeria, Other West African Countries To Endure Soaring Food Prices In 2024 – Report

NNPC, Marketers Bicker On Fuel Subsidy Payment As Naira Depreciation Deepens

Nigeria’s Petroleum Minister Targets 2 Million Barrels Daily Crude Oil Production In 2024

BRICS Capital Inflow To Nigeria Plummets By 59.84% In Q3 2023 – NBS

Nigeria Will Rely More On Revenue To Implement 2024 Budget – Finance Minister

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