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CATEGORY

Economy

Sanctions Bite Hard on Russian Economy as Cost of Living Up by 14%

The UK, US and the European Union sanctions on Russia is beginning to hurt the Russian economy with the cost of living rising above...

FAAC: FG, States, LGAs share N590.546 bn in February

The Federation Accounts Allocation Committee (FAAC) has shared N590.546 billion February 2022  Federation Account Revenue to the Federal Government, 36 States and the Federal...

Nigeria’s MPC Rates on Hold Amid High Inflation

In line with expectations, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria at the end of today’s meeting elected by a...

Nigeria Raises $1.25bn through Eurobonds as Public Debt Hits N41.026trn

Nigeria has issued $1.250 (N520 billion) billion seven-year Eurobond in the International Capital Market (ICM), being the first African country to access the ICM...

Nigeria inflation rises to 15.7%…what next?

While central banks across the globe are tightening monetary policy in the face of rising inflation, the Central Bank of Nigeria is likely to...

Nigeria to raise $2.2bn from Eurobond fund to pay fuel subsidy, says Finance Minister

Finance Minister, Minister Zainab Ahmed, on Tuesday, disclosed that the Nigerian government plans to raise $2.2 billion this month from the money raised in...

Crude Oil Price: MAN Warns of Hyper Inflation

As a result of the increase in the prices of petroleum products especially diesel, the Manufacturing Association of Nigeria on Tuesday said that Nigerians...

How High Could Oil Prices Go?

Tellimer Research Overview Brent crude oil futures are currently at US$110 a barrel, having finally reached the US$100 per barrel target that we set exactly 12 months ago...

Ukraine War Raises Global Recession Risks

U.S. and European economies are facing a heightened risk of a recession this year as Russia’s invasion of Ukraine severely disrupts supply chains and...

Nigeria’s GDP Grew by 3.98% in Q4 2021- NBS

The Nigerian economy grew by 3.98 per cent year-on-year in real terms in the fourth quarter of 2021, the National Bureau of Statistics disclosed...

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