Browsing Category
Business
Brent Crude eases, trades at $84.3 per barrel
Brent crude futures eased from recent highs and settled around $84.3 a barrel on Tuesday, pressured by prospects of lower industrial demand for energy products.
Traders weighed an unexpected 1.3% drop in US industrial output,…
NBS reports N54.84trillion increase in Nigeria’s household expenditure in H1 2021
The National Bureau of Statistics (NBS), in its recently released Expenditure and Income GDP report says Nigerians’ household expenditure rose to N54.84 trillion in nominal terms in the first half of 2021, representing a 13.7% increase when…
Finance Ministry, CBN working to improve FX inflows- Minister
Mrs Zainab Ahmed, Nigeria’s Minister of Finance, Budget, and National Planning, has stated that the ministry is collaborating with the Central Bank of Nigeria to reduce the gap between official and unofficial dollar rates by improving…
DPR calls for smooth implementation of Petroleum Industry Act
The Director and Chief Executive Officer, Department of Petroleum Resources, Engr. Sarki Auwalu, has called on stakeholders in the Petroleum Industry to work together to ensure a smooth take-off in the implementation of the Petroleum…
Federal Government to enhance financial services for MSMEs
The Minister of State for Industry, Trade and Investment, Mariam Yalwaji Katagum says the Federal Government is committed to improving access to finance for the Micro, Small and Medium Enterprises (MSMEs) in the country.
The Minister…
NGX closes trading week bullish
The Nigerian Exchange Group Limited (NGX) ended the week bullish at the close of business on Friday.
The major market components, NGX All-Share Index and Market Capitalization, appreciated by 1.39% and 1.54%…
Nigeria’s inflation rate sees steady decline for 7 months- NBS
Statistician-General of the National Bureau of Statistics (NBS), Mr Simon Harry, has said the inflation rate in the country has witnessed a steady decline for the past seven months.
At a news briefing in Abuja on Friday, Harry said that…
Dangote refinery will save Nigeria 30% of FX spent on import- Emefiele
The Central Bank Governor, Godwin Emefiele has stated that the commencement of the Dangote refinery will be a major saver of foreign exchange for Nigeria, while also insisting that Nigerians will benefit greatly from the project.…
National Development Plan: Nigeria targets 5% GDP growth
The Nigerian government is targeting a 5% Gross Domestic Product (GDP) growth, 21 million jobs and the lifting of 35 million people out of poverty in the National Development Plan 2021-2025.
The draft of the plan was presented to…
NPA pledges support for African seaports’ digital revolution
The Nigerian Ports Authority (NPA) has pledged it would support moves by African seaports to evolve digitally, saying that operational digitization was across the globe and African seaports cannot afford to play the ostrich.
…