COVID-19 Pushes Nigeria’s Inflation to 12.34% in April The negative impact of COVID-19 has started hurting Nigeria’s macroeconomic fundamentals as consumer prices rose to a 24-month...
Oil Sustains Upsurge as Top Producers Lower Output Oil sustained bullish run this week after trading largely around $29 -$30 per barrel last week. Brent crude...
Nigeria’s Foreign Reserves to Plunge to $23.3bn in 2020 – Fitch Fitch Ratings, one of the world’s global rating agencies, on Monday said Nigeria’s foreign reserves...
Why China Won’t Write Off Debt for Nigeria, Other Sub-Saharan Countries After years of defaults and debt write-offs by several multilateral and bilateral institutions, China, Africa’s...
Oil Prices Rise to a Month-High on Monday as Supplies Wane Global oil prices rose to a month-high on Monday following reports that supplies of the...
COVID-19: Lagos Plans Full Reopening of Economy Despite Rising Cases Governor Babajide Sanwo-Olu on Sunday said that Lagos State, the commercial capital of Nigeria, is planning...
FG May Offer More Public Assets for Sale Indications have emerged that more public assets may be put up for sale by the Federal Government as...
FG Approves N47.2bn to Improve Power Distribution in the Country Among the list of funds approved on Wednesday by the Federal Executive Council in Abuja was...
FG Cuts Oil Benchmark, Revised Down 2020 Budget to N10.52 Trillion The Federal Executive Council on Wednesday lowered Nigeria’s crude oil benchmark from $30 per barrel...
FG Approves $1.2bn Loan Facility for Agric Mechanisation The Federal Executive Council on Wednesday approved $1.2 billion loan facility for mechanisation of agriculture in the country....
