PBA Reporter

Nigeria’s Crude Oil Production Surges To 1.3mbpd

OPEC Revises 2021 Global Oil Demand To 5.7 Million Barrels Daily

The Organisation of the Petroleum Exporting Countries (OPEC) has revised the 2021 world oil demand forecast downward to 5.7 million barrels per day. This was contained in the OPEC’s Oil Market Report for November 2021 which was released on Thursday. The report read in

November 12, 2021

Nigeria's September Oil Production Hits 1.5 Million Barrels, Bolsters OPEC Output

Business

Nigeria Loses Africa’s Top Oil Producer Position To Libya

Nigeria, according to the Organization of the Petroleum Exporting Countries (OPEC’s) latest report, has lost its Africa’s top oil producer position to Libya as its crude oil production fell further last month amid lingering supply disruptions. The report read that Nigeria told

November 12, 2021

Finance & Economy

Delta Assembly OKays Okowa’s N18.7bn Loan From CBN

The Delta State House of Assembly has approved a request by Governor Ifeanyi Okowa for N18.7bn bridging finance from the Central Bank of Nigeria (CBN). Okowa explained that the credit facility was to cushion the effect of repayment of the Federal Government’s

November 11, 2021

Business

FEC Approves 2021-2025 National Development Plan, Projects N348.7tn Investments

Vice President Yemi Osinbajo presided over the weekly Federal Executive Council (FEC) Meeting at the State House, Abuja, on Wednesday, November 10. The Council, during the FEC meeting, approved the 2021-2025 National Development Plan, which is a successor programme to the Economic

November 11, 2021

Finance & Economy

Nigeria’s Debt Stock Hits N42.7tn As Senate Approves Fresh $16bn Loans

The Senate has approved the federal government’s foreign loans request of $16bn and €1.02bn, making Nigeria’s debt stock of N35.5tn rise to N42.7tn. President Muhammadu Buhari had sought to borrow the sum of $16.2bn, €1,02bn and a grant component of $125m to

November 11, 2021

Nigerian Gov’t Spends N96 Out Of Every N100 To Pay Debt - World Bank Says, Reveals Impact

Finance & Economy

Nigeria, Others Need $429bn External Financial Support – World Bank

World Bank has disclosed that Nigeria and other low income developing countries will need $429bn external financial support between 2023 and 2025. The Bank, however, demanded debt transparency, saying it is a crucial step in countries’ development and would facilitate new investments, improve

November 11, 2021

NGX Suspends Trading In Unity Bank, Guinea Insurance, 6 Other Companies’ Shares

Markets

Stock Market Records Decline After Days Of Gaining, Investors Lose N12bn

The trading activities on the floor of Nigerian Exchange Limited on Wednesday ended on a negative note after three consecutive days of gaining as investors lost N12.13bn. The NGX All-Share Index fell by 0.05 per cent to close at 43,707.30 basis points

November 11, 2021

Finance & Economy

Zenith Bank Alerts Customers On Fake 30th Anniversary Online Giveaway

Zenith Bank PLC has alerted customers over a fake 30th anniversary online giveaway, that might be might be an attempt by cybercriminals to gain access to their bank details. The bank noted that the fake 30th anniversary online giveaway might be an

November 10, 2021

Finance & Economy

Unemployment: Population Growth Rate Exceeds Economy Capacity – Osinbajo

Vice President Professor Yemi Osinbajo has disclosed that Nigeria’s economy may not meet up with the country’s job demands due to its high population growth rate. Osinbajo made the statement during his keynote address at the fourth annual Impact Investors Foundation Conference

November 10, 2021

Business

Revenue Sharing: FG Proposes 3.13% Increase In LG Allocation

The federal government disclosed that it has proposed a 3.13 percent increase in revenue allocation to local governments. Boss Mustapha, secretary to the government of the Federation, who was represented by the Permanent Secretary, Political and Economic Affairs, Andrew Adejoh, disclosed this

November 10, 2021

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PBA Reporter

OPEC Revises 2021 Global Oil Demand To 5.7 Million Barrels Daily

Nigeria Loses Africa’s Top Oil Producer Position To Libya

Delta Assembly OKays Okowa’s N18.7bn Loan From CBN

FEC Approves 2021-2025 National Development Plan, Projects N348.7tn Investments

Nigeria’s Debt Stock Hits N42.7tn As Senate Approves Fresh $16bn Loans

Nigeria, Others Need $429bn External Financial Support – World Bank

Stock Market Records Decline After Days Of Gaining, Investors Lose N12bn

Zenith Bank Alerts Customers On Fake 30th Anniversary Online Giveaway

Unemployment: Population Growth Rate Exceeds Economy Capacity – Osinbajo

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