Finance & Economy - Page 127

Companies Increase Staff Salaries By 18.35% Amid Soaring Inflation

Nigerian companies have moved to cushion the effect of the soaring inflation by increasing staff salaries by 18.35%. The move revealed through data from the National Bureau of Statistics (NBS) ‘Nigerian Gross

Emmanuel Ochayi

November 27, 2023

Senate Speedily Passes N2.176trn Supplementary Budget, Cites Dry Season As Reason

Business·News·Oil & Gas

Nigerian Lawmakers To Probe N250 Billion CBN Disbursement For Gas Expansion Program

The Nigerian Senate gears up for a deep dive into the utilization of the over N250 billion disbursed by the Central Bank of Nigeria (CBN) under the Nigeria Gas Expansion Programme (NGEP)

Emmanuel Ochayi

November 26, 2023

NMDPRA: Nigerian Govt Will Not Fix Price For Petroleum Products From Dangote Refinery, Pushes CNG Expansion

Business·News·Oil & Gas

Dangote Announces $20 Billion Refinery Listing On NGX

Nigerian business mogul Aliko Dangote has unveiled plans to list his $20 billion Dangote Refinery on the Nigerian Exchange Limited (NGX). Dangote revealed the resolution of critical challenges hindering crude oil supply,

Emmanuel Ochayi

November 26, 2023

Tomato Supply Threat Sparks Fear Of Price Hike In Lagos Over Market Clash

Agro-Economy·Business·News

Food Prices Skyrocket Beyond Reach As Tomato Prices In Nigeria Soar 48.73% To N675.91/kg

Nigeria faces surge in food prices, according to the latest report by the National Bureau of Statistics (NBS) for October. The cost of essential commodities has soared with tomatoes, rice, boneless beef,

Emmanuel Ochayi

November 26, 2023

Africa·Business·News·Oil & Gas

Nigerian Govt Pledges Commitment To West African Gas Pipeline Project

Minister of State for Petroleum Resources (Gas) Ekperikpe Ekpo has reiterated Nigeria’s support for the West African Gas Pipeline Project, emphasizing the government’s dedication to realizing its full potential. In his speech,

Emmanuel Ochayi

November 26, 2023

Agro-Economy·Business·News

Nigeria’s Stockfish Imports From Norway Declines Amid Economic Challenges

Nigeria which is traditionally the largest importer of Norwegian stockfish, experienced a drop in imports in 2023. Expressing concern over the reduction, the Norwegian Seafood Council revealed during a workshop in Lagos

Emmanuel Ochayi

November 26, 2023

Agro-Economy·Business·News

The Alternative Bank Signs Multi-Sector Deal For Niger State’s Development

The Alternative Bank has sealed a multiyear deal with the Niger State government, aiming to drive growth across sectors including agriculture, transportation, energy, and infrastructure. “This Memorandum of Understanding represents a pivotal step

Emmanuel Ochayi

November 25, 2023

CBN Reforms Yielding Positive Returns As FX Transactions Surge To $800m, CBN Gov Assert

Business·Finance & Economy·News

CBN Governor Reveals $1.4B Loss Over 8 Years From 43-Item Forex Restrictions

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has revealed losses amounting to $1.4 billion over eight years due to the CBN’s ban on 43 items. Cardoso made this revelation at

Emmanuel Ochayi

November 25, 2023

Agro-Economy·Business·News·World News

French Minister Launches Agri-Food Platform To Boost Nigeria Ties

In a move strengthening ties between France and Nigeria, Minister Olivier Becht inaugurated the “Food for Nations” agri-food platform on Friday. “This collaboration marks an exciting milestone,” Becht stated, emphasizing the platform’s role

Emmanuel Ochayi

November 25, 2023

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

Finance & Economy·News

CBN’s Cardoso Hints On New Recapitalisation For Nigerian Banks

The Central Bank of Nigeria (CBN) has hinted on the plan to implement a new round of banking recapitalisation for the Deposit Money Banks (DMBs). This entails commercial banks in the country

Victor Ezejaand

Admin

November 25, 2023

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Finance & Economy - Page 127

Companies Increase Staff Salaries By 18.35% Amid Soaring Inflation

Nigerian Lawmakers To Probe N250 Billion CBN Disbursement For Gas Expansion Program

Dangote Announces $20 Billion Refinery Listing On NGX

Food Prices Skyrocket Beyond Reach As Tomato Prices In Nigeria Soar 48.73% To N675.91/kg

Nigerian Govt Pledges Commitment To West African Gas Pipeline Project

Nigeria’s Stockfish Imports From Norway Declines Amid Economic Challenges

The Alternative Bank Signs Multi-Sector Deal For Niger State’s Development

CBN Governor Reveals $1.4B Loss Over 8 Years From 43-Item Forex Restrictions

French Minister Launches Agri-Food Platform To Boost Nigeria Ties

CBN’s Cardoso Hints On New Recapitalisation For Nigerian Banks

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