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Thursday, May 26, 2022
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CATEGORY

Economy

Oil Climbs as EU Set to Ban Russian Crude

Oil prices rose on Tuesday, extending gains from the previous session, as the European Union firmed up plans to tighten sanctions on Russian crude...

Deep Seaport Project Will Create 5,000 Jobs, Generate $2.6 billion – ICRC

By Abdulwaheed Olayinka Adubi The Federal Government has disclosed that the Badagry deep seaport project is expected to create a total ecosystem in terms of...

Emefiele to IMF, World Bank: Nigeria Won’t Float Naira

The Central Bank of Nigeria (CBN) has foreclosed the possibility of adopting a clean float foreign exchange management approach as long as the supply...

Lagos Leads as Africa Private Equity Deals Surge to $7.4bn

Africa Private equity investments rose to record breaking levels in 2021, led by Lagos, Nigeria, the West African region, which accounted for the majority...

World Bank Slashes Global Growth Forecast to 3.2% From 4.1%, Citing Ukraine War

The World Bank lowered its annual global growth forecast for 2022 on Monday by nearly a full percentage point, down from 4.1% to 3.2%,...

Nigeria Inflation Hits 15.92% in March – NBS

The National Bureau of Statistics (NBS) has released the Consumer Price Index Report with the inflation index hitting a five-month high of 15.92 per...

Lack of Alternative Pipelines keep Nigeria Losing Billions to Oil Theft

Crude theft and sabotage have long been problems in Nigeria, but 2021 saw record levels of theft according to data from the Nigerian National...

CBN, InfraCo Sign Agreement with Asset Managers on N15trn Investments

The Central Bank of Nigeria, CBN and Infrastructure Corporation (InfraCo)  of Nigeria has concluded plans with four independent Asset managers on how to commence...

Gross Margin for Nigerian Companies to Compress on Red-hot Inflation

The gross margin of Nigerian companies will be squeezed by an unprecedented increase in input costs across the board led by global crude oil...

Nigeria’s Debt to GDP Ratio to Hit 30.50 percent by 2025

Nigeria’s debt to GDP ratio is expected to hit 30.50 percent at the end of 2025 from a current level of 19.10 percent if...

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