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.
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.
Kenyans voting for president, parliament in close election
About WordPressto contenNairobi on Aug. 9, 2022 Kenyans are going to the polls on Tuesday to elect a president and a new parliament,...
Nigerian bourse drops N15bn in bearish trading
The domestic stock market on Tuesday closed on a negative note, with market capitalisation shedding N15 billion or 0.56 per cent to close at N26.517 trillion as against N26.532 trillion recorded the previous day.
Lagos Govt. Pays 291 Retirees N1.3bn Pension Benefits
The Lagos State Government on Tuesday said it had paid 291 retirees of the state’s Public Service N1.29 billion accrued pension rights for the month of September.
Nigeria Faces Revenue Risks over Weak Oil Production –Analysts
Nigeria’s fiscal slippage is expected to widen in the current amidst rising pressures on production volume. Over the years, government revenue has been driven by foreign receipts from oil export in addition to a moderate contribution from the non-oil segment.
CBN’s “Naira-4-Dollar” Scheme Achieving Desired Results – Economist
An economist, Prof. Mike Obadan, says the “Naira-4-Dollar’’ scheme introduced by the CBN on March 5, 2021 to attract Foreign Exchange is achieving desired results.
U.S.govt Announces $5m grant to AFDB
U.S. govt. announces $5m grant to AfDB
Improved revenue, prioritising expenditure will reduce govt borrowings – DMO
The Debt Management Office (DMO) says government can reduce its dependence on borrowings to finance budget deficits by improving its revenue drive and prioritising expenditure.
Nigeria Exports $1.69bn Crude Oil, Petroleum Product to US
President Muhammadu Buhari has described the United States as Nigeria’s main trading partner and one of ‘‘our most important diplomatic partners.’’ This, he said, underscored the need for concerted efforts to increase the volume of bilateral trade, saying Nigeria exports $1.69 billion in crude export to the United States.