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Afreximbank Turns to Oil Traders to Obtain $3bn Loan for NNPC
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    Afreximbank Turns to Oil Traders to Obtain $3bn Loan for NNPC
    Economy Watch

    Afreximbank Turns to Oil Traders to Obtain $3bn Loan for NNP...

    September 27, 20230939

    Egypt-based African Export-Import Bank or Afreximbank, is tapping oil traders to finance a $3 billion loan to Nigeria’s state oil company NNPC Limited

    Manufacturers Lament as Cement Price may Increase to N9,000 Per Bag from November
    Economy Watch

    Manufacturers Lament as Cement Price may Increase to N9,000 ...

    September 26, 202301573

    The Cement Producers Association of Nigeria has warned that the plan of the federal government to introduce concrete roads will increase the price of

    NBS says Inflation Rises to 25.8% in August
    Economy Watch

    NBS says Inflation Rises to 25.8% in August

    September 16, 20230694

    National Bureau of Statistics (NBS), said inflation rate rose from 24.08% in July 2023 to 25.80% in August 2023. This was contained in the Consumer Pr

    Apapa Customs Command Collects N676bn in Eight Months
    Economy Watch

    Apapa Customs Command Collects N676bn in Eight Months

    September 13, 20230919

    The Apapa Area Command of Nigeria Customs Service said it collected N676 billion revenue from January to August 2023. Former Controller of the command

    Seplat to Partner NCDMB on Human Capital Development
    Economy Watch

    Seplat to Partner NCDMB on Human Capital Development

    September 7, 20230900

    Independent oil firm, Seplat Energy Plc has announced plans to partner with the Nigerian Content Development and Monitoring Board, NCDMB in the area o

    Dangote Cement Clarifies Price Misinformation
    Economy Watch

    Dangote Cement Clarifies Price Misinformation

    August 29, 202301188

    Management of Dangote Cement Plc has clarified that the price of a bag of cement from its factories across Nigeria (as at 28th August 2023) is N4,010

    Wale Edun, Nigeria’s Finance Minister says Nigeria will not borrow but Seeks to Encourage Investment
    Economy Watch

    Wale Edun, Nigeria’s Finance Minister says Nigeria will not ...

    August 29, 202302011

    Mr. Olawale Edun, Minister of Finance Nigeria will seek to encourage investments rather than rely on borrowing to create jobs, Finance Minister Olawal

    Oil and Gas Sector’s Contribution to Nigeria’s GDP Falls to 5.34% in Q2 2023
    Economy Watch

    Oil and Gas Sector’s Contribution to Nigeria’s GDP Falls to ...

    August 27, 202302104

    Nigeria’s oil and gas sector’s contribution to the country’s Gross Domestic Product (GDP) diminished to a mere 5.34% in Q2/2023. This figure is lower

    BRICS Bank can help African Countries Tackle Urgent Challenges
    Economy Watch

    BRICS Bank can help African Countries Tackle Urgent Challeng...

    August 25, 20230714

    The New Development Bank created by BRICS countries in 2015 can help finance African countries’ projects to tackle their most urgent challenges, the b

    2023 Q2: Total Energies Plc Reports 14.12% Growth in Pre-Tax Profits
    Economy Watch

    2023 Q2: Total Energies Plc Reports 14.12% Growth in Pre-Tax...

    August 12, 20230900

    Total Energies Marketing Nigeria Plc reported its 2023 second-quarter results showing pre-tax profits grew by 14.12% year on year, reaching N7.052 bil

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