Gas Revolution: Nigeria to Fully Utilize Gas Resources to Uplift Economy – Buhari
President Muhammadu Buhari says his administration will fully utilize the enormous gas resources in the country to uplift the economy and drive industrialization.
FG Begins Development of Mineral Resources in 6 Geopolitical Zones- Ogah
Dr Uchechukwu Ogah, Minister of State, Mines and Steel Development, says the Federal Government has begun development of mineral resources across the six geopolitical zone of the country.
Nigeria to Make Eurobond Call as FX Scarcity Deepens
Deepening foreign currencies scarcity to meet productive demand has impacted all the facets of the Nigerian economic sectors and analysts have started to projecting possible Eurobond call in 2021.
Insecurity a major cause of rising inflation — Emefiele
Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has attributed the country’s rising inflation to worsening insecurity in parts of the country. Emefiele stated this on Tuesday while presenting the communique from the Monetary Policy Committee (MPC) meeting which started on Monday.
Oil bounces back but recovery stunted by European lockdowns, U.S. stock build
Oil prices rose more than one per cent, on Wednesday, as investors sought bargains following the previous day’s slump. But the recovery was stunted by fears of a slow recovery in demand due to new pandemic lockdowns in Europe and a build in U.S. crude stocks.
MPC: Rates Retention Consistent with Global Trends – Experts
Financial experts have commended the retention of the Monetary Policy Rate (MPR) and other parameters by the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN).
FG to support MSMEs with $1bn syndicated loan — Trade minister
The Bank of Industry (BoI), under the supervision of the Ministry of Industry, Trade and Investment, has secured a one billion dollar syndicated loan to support Micro, Small and Medium Enterprises (MSMEs) in the country.
Nigeria Pays N2.5 Trillion to Service Public Debts
Nigerian government paid total sum of N2.5 trillion to service total public debts in 2020 amidst pandemic-induced global disruption.
Rising Inflation Unlikely to Prompt Monetary Policy Tightening –Experts
After 18 consecutive rise in Nigeria’s headline inflation rate, conventional wisdom dictates the monetary policy authority would tighten reins on price movement by raising interest rate.
Nigeria’s Total Debt Escalates to N32.915 Trillion
Nigeria’s total public indebtedness escalates to N32.915 trillion at the year-end 2020 amidst plan to further stretch borrowing to finance budget 2021 deficit.
