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Finance & Economy - Page 171

Ajaero’s Arrest By DSS ‘A Brazen Act Of Lawlessness, Intimidation’ – NLC

NLC Rejects Federal Government’s ₦3 Trillion Power Sector Bailout

The Nigeria Labour Congress (NLC) has opposed plans by the federal government to grant a ₦3 trillion bailout to privately owned electricity generation companies, arguing that the move will not resolve the country’s power supply challenges. In a statement signed by its

February 20, 2026

Nigeria’s Crude Oil Production Surges To 1.3mbpd

Business·Oil & Gas

OPEC Projects $14tn Investment Required To Satisfy Surging Oil Demand

The Organisation of Petroleum Exporting Countries (OPEC) has unveiled its 2023 World Oil Outlook with a projection of soaring oil demand and an urgent call for a $14 trillion investment. This perspective sets them apart from other forecasters, particularly the International Energy

October 10, 2023

Finance & Economy·News

Nigeria’s Economic Growth Slips As IMF Cites Oil Production Decline

The International Monetary Fund (IMF) has delivered sobering news for Nigeria’s economic prospects. In their 2023 World Economic Outlook, released during the Annual Meetings in Marrakech, Morocco, the IMF has revised Nigeria’s growth projection downward by 0.3 percentage points. This downgrade is

October 10, 2023

Africa·Finance & Economy

History As Africa Hosts First World Bank/IMF Meeting In 50 years

the World Bank and the International Monetary Fund (IMF) on Monday opened their first meetings on African soil, lauding the resilience of Africans.

October 10, 2023

NNPC: Petrol Import To Stop As Port Harcourt Refinery Begins Operations Soon

Business·News·Oil & Gas

Why Some Marketers Sell Fuel N3 Cheaper Despite 30% Rise In Oil Prices – NNPCL

The Group Managing Director of the Nigeria National Petroleum Company Limited (NNPCL), Mele Kyari, has insisted that the downstream petroleum sector of Nigeria’s economy is fully deregulated, pointing out that this explains why oil marketers now compete among themselves to the extent

October 10, 2023

Finance & Economy

Nigeria’s Economic Woes Worsen As Investments From US, UK Wane

Major contributors to Nigeria's foreign investment inflows, including the United Kingdom (UK), the United States of America (USA), the Republic of South Africa (RSA), Singapore, and the United Arab Emirates (UAE), have all experienced declines in their investment values, according to the

October 9, 2023

Finance & Economy

Emerging Economies Face $220bn Budget Cuts Amid Looming Debt Crisis – Oxfam Warns

Oxfam International’s recent report has exposed a looming debt crisis set to push impoverished nations into budget reductions exceeding $220 billion over the next five years. This dire situation coincides with the commencement of the IMF-World Bank meetings in Marrakech. Drawing from

October 9, 2023

Concerns For Nigeria's Oil Market As Over 60 Million Barrels Remain Unsold

Business·Oil & Gas·World News

Hamas Attack On Israel, Rising Tensions Surge Oil Prices

Global crude oil prices have surged following the Hamas attack on Israel, resulting in a tragic loss of over a thousand lives on both sides. This incident follows a previous dip in oil prices due to concerns about high-interest rates and fluctuating

October 9, 2023

NNPCL Denies Inflating Fuel Subsidy Payments

News·Oil & Gas

NNPCL Denies ‘Northern Oil Cabal’ Claims, Affirms Transparency In Pipeline Contracts

The Nigerian National Petroleum Company Limited (NNPCL) has dismissed allegations of favoritism in awarding oil pipeline contracts, asserting that the process was transparent and adhered to international standards. Addressing the allegations, NNPCL’s management stated that media reports on that are false, and

October 9, 2023

Tinubu Explains Why Nigeria Stopped Exporting Raw Gold, Lithium, Other Minerals

Finance & Economy

Financial Times Sees Signs Of Economy Going Bad Under Tinubu, Advocates Momentum

The Financial Times of London (FT) has stated that although President Bola Tinubu moved quickly to raise expectations after taking over the reins of government, there are signs of things going awry in the Nigerian economy four months down the line. It

October 8, 2023

Finance & Economy

Lagos Corners 69% Of Capital Inflows To Nigeria As Foreign Investors Shun 28 States

Nigeria’s foreign investment in Nigeria witnessed a significant downturn with 28 states of the federation missing out on foreign capital importation in the first half of 2023.

October 7, 2023

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Week Ahead: Nigeria CPI Cools, US-Iran Talks & US PCE in Focus

By Lukman Otunuga In a welcome development for Nigeria’s economy,

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Inside a glass factory in north-west England, molten glass pours

African Countries With The Largest Proven Oil Reserves In 2025

Markets Fall as Iran Signals New Chance for Nuclear Talks

Global shares slipped and oil prices fell on Tuesday after

Soludo Seals Shops for Two Weeks over Monday Sit-at-Home

The Anambra State Government has sealed dozens of shops at

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Finance & Economy - Page 171

NLC Rejects Federal Government’s ₦3 Trillion Power Sector Bailout

OPEC Projects $14tn Investment Required To Satisfy Surging Oil Demand

Nigeria’s Economic Growth Slips As IMF Cites Oil Production Decline

History As Africa Hosts First World Bank/IMF Meeting In 50 years

Why Some Marketers Sell Fuel N3 Cheaper Despite 30% Rise In Oil Prices – NNPCL

Nigeria’s Economic Woes Worsen As Investments From US, UK Wane

Emerging Economies Face $220bn Budget Cuts Amid Looming Debt Crisis – Oxfam Warns

Hamas Attack On Israel, Rising Tensions Surge Oil Prices

NNPCL Denies ‘Northern Oil Cabal’ Claims, Affirms Transparency In Pipeline Contracts

Financial Times Sees Signs Of Economy Going Bad Under Tinubu, Advocates Momentum

Lagos Corners 69% Of Capital Inflows To Nigeria As Foreign Investors Shun 28 States

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Week Ahead: Nigeria CPI Cools, US-Iran Talks & US PCE in Focus

Agubuzu: The Igbo Monarch Who Broke the Silence

JNIM’s Incursion into Nigeria’s Security Landscape – The Emerging Threat

Nigeria Reviews MTN Group’s Acquisition of IHS Towers Over Sector Impact

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Nigerians May Face ‘Socioeconomic Fallouts’ as Tinubu Re-directs Oil Revenue

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Week Ahead: Nigeria CPI Cools, US-Iran Talks & US PCE in Focus

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Soludo Seals Shops for Two Weeks over Monday Sit-at-Home

El-Rufai: Dadiyata’s Wife Appeals for Help

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Finance & Economy - Page 171

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