Food inflation and energy costs have eroded global living standards – IMF
The International Monetary Fund (IMF) has stated that the surging prices of food and energy are the major drivers of...
Angola Surpasses Nigeria, Becomes Africa’s Largest Oil Producer in August
Nigeria has lost its position as the largest oil producer in Africa as its crude oil production for August was...
Naira Slumps to N703/$1 at the Parallel Market as Forex Liquidity Crashes by 119%
Thursday, September 8, 2022: The naira has been declining and having an implication for individuals and businesses. Since the beginning...
Nigerian oil workers protest, threaten strike over crude oil theft
Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have resorted to a protest to decry...
Nigeria Gets $700 Million Climate Finance Support from the World Bank
In helping countries address the issue of climate change, the World Bank Group has disbursed a historic $31.7 billion lending...
Nigeria Hopes to Supply More LNG to Europe Next Winter
Nigeria’s Minister of State Petroleum Resources, Timipre Sylva, has said that Nigeria will be able to send more Liquefied Natural...
Naira Maintains a Downward Pace, Hits N436.50/$1 at the I&E Window
Wednesday, September 7, 2022: The exchange rate at the Nigerian Investors and Exporters (I&E) FX Window closed the trading session...
MTN to Issue up to N23 Billion Series 3 Commercial Paper Notes
MTN Nigeria Communications Plc has announced its plan to roll out up to N23 billion series 3 commercial paper notes...
Naira Falls to an All-Time Low of N436/$1 at the I&E Window
Tuesday, September 6, 2022: The exchange rate at the Nigerian Investors and Exporters (I&E) FX Window closed the trading session...
South Africa’s Economy Shrinks by 0.7% in Second Quarter 2022
The gross domestic product of South Africa declined by 0.7 percent in the second quarter of 2022, falling below the...
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CBN Prepares for N8.57 Trillion Liquidity Influx as OMO and Bond Maturities Hit Banks
NFEM Turnover Drops 17.7% to $2.25 Billion as CBN Lowers Benchmark Rate to 23%
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Federal Government Seeks Fresh $1.5 Billion in World Bank Financing
31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows
