Weak Oil Receipt Threatens FG Revenue as Tax, Imports Duties Fall
Weak Oil Receipt Threatens FG Revenue as Tax, Import Duties Fall The federal government has been earning below expectation for the most part of the fiscal year 2021, according to…
Indigenous Companies Invest $10 billion in Oil, Gas Production
Indigenous Companies Invest $10 billion in Oil, Gas Production The Independent Petroleum Producers Group (IPPG) says its members have invested about $10 billion in oil and gas production in Nigeria…
Oil Prices Rollback Amidst Pressures on Demand Outlook
Oil Prices Rollback Amidst Pressures on Demand Outlook Oil prices lost more than 3% this week ahead of the Organisation of Petroleum Exporting Countries and allies (OPEC+) production volume decision…
Naira Rises as Analysts Anticipate Devaluation at Investors Window
Naira Rises as Analysts Anticipate Devaluation at Investors Window Nigeria’s local currency, naira, rises against the United States dollar weekend but analysts appear not to be satisfied with a relatively…
Nigeria Needs $1.5tn to Close Infrastructure Gap in 10 Years -Buhari
Nigeria Needs $1.5tn to Close Infrastructure Gap in 10 Years -Buhari President Muhammadu Buhari says $1.5 trillion is needed by Nigeria over a ten-year period, to achieve an appreciable level…
Oil Dips Ahead of OPEC+ Meeting, Rising U.S Crude Inventories
Oil Dips Ahead of OPEC+ Meeting, Rising U.S Crude Inventories Oil prices were down mid-week ahead of the Organisation of Petroleum Exporting Countries and allies meeting on Thursday amidst rising…
U.S Stocks React as Fed Announces Bond-Buying Tapering
U.S Stocks React as Fed Announces Bond-Buying Tapering United States (U.S) stocks soared to new records Wednesday as the Federal Reserve said it will start scaling back its monthly asset…
Naira Strengthens Against Dollar, Chinese Yuan
Naira Strengthens Against Dollar, Chinese Yuan Naira gains 0.04 per cent to N64.3 to a Chinese Yuan week on week, according to Coronation Merchant Bank Limited macroeconomic note obtained by…
Oil Prices Decline as China Opens Fuel Reserves
Oil Prices Decline as China Opens Fuel Reserves Oil prices declined on Monday after China announced the sale of its gasoline and diesel reserves. With the Organisation of Petroleum Exporting…
Derivative: Court Orders FG to Pay Delta State $1.638bn Arrears
Derivative: Court Orders FG to Pay Delta State $1.638bn Arrears A Federal High Court, Abuja, on Monday, ordered the Federal Government to pay $1.638 billion to Delta State Government being…