Stocks Plunge On Fed Rate Rise Predictions, And The Yen Falls To A New 24-year Low.
The Japanese yen was trading at 144.95 yen per US dollar, its lowest level since August 1998. If “rapid, one-sided”…
Day: September 7, 2022
Nigeria FG To Collaborate With Qatar On Cultural Promotion.
Yakubu Ahmed, the Extraordinary and Plenipotentiary Ambassador of Nigeria to the State of Qatar; has asked for cooperation between the…
Even with Dangote and NNPC Refineries, Petrol Will Sell Above N400/Litre.
An analysis of oil prices, import duties, and refinery contracts shows that even if the Dangote Refinery and those controlled…
Oil Prices Fluctuate Due To Russian Supply Concerns And Economic Troubles.
Oil prices varied drastically as the market tried to balance demand concerns; about the impending recession with fears that Russia…
Capital Inflows Were 23% Lower Due To Insecurity And The FX Crisis.
Capital importation into Nigeria reduced by 23% due to insecurity and the ongoing foreign exchange crisis. The total amount of…
Foreign-owned Operators Demand For Dollar Payments Is Putting Local Telecoms Players Out Of Business.
Smaller and domestic players are allegedly being prevented from expanding; because foreign telecoms companies insist on being paid in dollars…
Currency In Circulation Decreases To N3.24 trillion
Currency in circulation refers to the amount of cash–in the form of paper notes or coin within a country; that…
Oil And Gas Equities In Nigeria In August 2022.
For the ninth straight quarter, the oil industry has seen negative growth, shrinking once more in Q2 2022 by -11.8%…
Nigeria FG To Take Production Data From Oil Companies And Installs New Flow Meters.
Nigeria has wasted billions of dollars in potential revenue due to underreported volumes by relying solely on operator data; not…
Google Has Confirmed That It Will Provide $4 Million To 60 Startups In Africa.
Google revealed that it had chosen 60 qualified businesses from throughout Africa. They are to receive $4 million in funding…