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Finance & Economy - Page 155

Tinubu Engages Labour Leaders in Midnight Meeting Over Planned National Protest

President Tinubu on Tuesday night held a closed-door meeting with the leadership of the Nigeria Labour Congress (NLC) at the State House, Abuja, as efforts intensified to avert a proposed nationwide protest by organised labour over Nigeria’s worsening insecurity. Prime Business Africa

December 17, 2025

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Currency·Finance & Economy·News

8 Firms Hit By Naira Devaluation: N918.1bn Currency Revaluation Loss

In a blow to major corporations, the decline in the naira’s value has led eight Nigerian firms to declare N918.1 billion in currency revaluation losses. The naira’s slide, exacerbated by the market-driven valuation initiated by the Central Bank of Nigeria, has sent

November 13, 2023

Business·News·Oil & Gas

Defense Minister Aims For 1.9 Million Barrels Daily By Year-End

Nigeria’s Defense Minister, Bello Matawalle, has unveiled a plan to increase the country’s oil production level to 1.9 million barrels per day, marking an improvement from the current 1.5 million barrels per day, as reported by the Nigerian Upstream Petroleum Regulatory Commission

November 13, 2023

Business·Finance & Economy

NEITI Reveals Why Nigerian States Are Backward

A total of N2.10 trillion was added to the recurrent expenditure of Nigerian states between 2020 and 2021 jacking up the deficit by 22.97 per cent to N1.16 trillion in 2021. This data emerged from the just-issued Nigeria Extractive Industries Transparency Initiative

November 13, 2023

Nigeria's Inflation Rate Hits 33.88% In October Amid Fresh Fuel Price Spike

Business·Finance & Economy·News

KPMG Predicts Nigeria’s Inflation To Soar At 30% By December 2023 Amidst Economic Reforms

Global financial advisory service firm, KPMG, has predicted that Nigeria’s headline inflation is poised to skyrocket to 30% by the end of 2023. The West African nation, already grappling with a headline inflation rate of 26.72% in September, is facing a challenging

November 12, 2023

Business·News·Oil & Gas

Dangote’s $19B Refinery Set To Meet Nigeria’s Energy Demands

Africa’s wealthiest individual, Aliko Dangote, has confirmed that the output from his $19 billion refinery complex is poised to soon meet the energy demands of Nigeria and global markets. Speaking with Bloomberg in Riyadh during the Saudi-Nigeria business roundtable, Dangote highlighted the

November 12, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency·News

Naira Rises To N780/$1 In Official Market, Depreciates In Black Market

Today’s financial landscape presents a tale of dual destinies for the Nigerian naira: a soaring achievement in the official market as it reaches a new high of N780 against the dollar, juxtaposed against a contrasting narrative of depreciation in the black market.

November 10, 2023

Business·Finance & Economy·News

UBA, Saudi EXIM Bank Partner To Boost Trade, Business Relations

In a move aimed at bolstering economic ties between Africa and Saudi Arabia, the United Bank for Africa (UBA) Plc and Saudi Export-Import Bank (Saudi EXIM) have solidified a partnership. This collaborative effort, formalized through a Memorandum of Understanding (MoU) signed on

November 10, 2023

Blue Economy: Tinubu Appoints New Executive Directors For NPA, NIMASA

Business·Finance & Economy·News

Nigeria’s 2023 Budget Strain: FG To Spend N7.76tn On Salaries, Others

Nigeria’s Federal Government is grappling with financial commitments as the latest budget forecasts a portion of funds—N7.76tn—allocated to cover salaries, recurrent expenses, and new outlays outlined in the 2023 supplementary budget. This budget, necessitated by additional expenses like the agreed wage hike

November 10, 2023

Finance & Economy

How China’s Slowing Economy Drags Nigeria’s – IMF

As the biggest trading partner of Sub-Saharan African and market for one-fifth of the region’s exports, any form of slow growth in China would have a ricochet effect across the continent, the International Monetary Fund (IMF) has warned. The international lender said

November 10, 2023

Finance & Economy·News

Solid Minerals Remit Least As Nigeria’s Revenue From NNPC Declines By 56% In 2 Years

It has emerged that between the 1st of January 2020 and 31st of December, 2021, contributions from the Nigerian National Petroleum Company (NNPC) to the federation’s purse declined significantly by 56 per cent, just as remittances from the Federal Inland Revenue Service

November 10, 2023

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Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

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Finance & Economy - Page 155

Tinubu Engages Labour Leaders in Midnight Meeting Over Planned National Protest

8 Firms Hit By Naira Devaluation: N918.1bn Currency Revaluation Loss

Defense Minister Aims For 1.9 Million Barrels Daily By Year-End

NEITI Reveals Why Nigerian States Are Backward

KPMG Predicts Nigeria’s Inflation To Soar At 30% By December 2023 Amidst Economic Reforms

Dangote’s $19B Refinery Set To Meet Nigeria’s Energy Demands

Naira Rises To N780/$1 In Official Market, Depreciates In Black Market

UBA, Saudi EXIM Bank Partner To Boost Trade, Business Relations

Nigeria’s 2023 Budget Strain: FG To Spend N7.76tn On Salaries, Others

How China’s Slowing Economy Drags Nigeria’s – IMF

Solid Minerals Remit Least As Nigeria’s Revenue From NNPC Declines By 56% In 2 Years

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Finance & Economy - Page 155

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