Nigeria FG Intends To Enhance Gas Exports To Europe in 2022.
08, August, 2022 the price of Brent, the world’s standard for petroleum, decreased by 5.01%, or $4.65, to close at…
Month: September 2022
World Bank Distributes $31.7billion, Gives $700million To Nigeria.
The World Bank reported that 2022 is among the ten warmest years on record. And that the effects of the…
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”…
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…
In Q2 2022, Nigeria’s GDP Was Boosted By The ICT Industry By 18.44%.
The second quarter of 2022 saw an increase in Nigeria’s gross domestic product (GDP) growth from the first quarter; which…
Binance Teams Up With Nigerian Authorities to Launch A Digital Economy.
Binance, a major cryptocurrency exchange, is growing its influence in Africa by partnering with Nigerian officials; to create a digital…
Another nationwide strike is imminent in the power sector.
There are signs of a new strike approaching, after the recent country’s blackout was suspended. The government is allegedly unwilling…
Exxon and Shell Announce The Sale Of A Significant Dutch Gas Partnership.
Shell (SHEL.L) and Exxon Mobil (XOM. N) have listed one of Europe’s largest and oldest natural gas production projects for…
21.co, A Cryptocurrency Company, Raises $25 Million And Is Valued At $2 Billion.
The parent company of 21Shares and provider of cryptocurrency investment products, 21.co, announced that it had raised $25 million in…
Nigeria’s 1.826mb/d Output Has Been Approved By OPEC.
The Organization of Petroleum Exporting Countries has given Nigeria permission to produce 1.826 million barrels per day for the forthcoming…
USDC, USDP, And TUSD Will Be Delisted By Binance And Converted Into Its Own Stablecoin.
Binance stated that it would stop trading spot pairs like as USDC, USDP, and TUSD on September 29. It also…
Bitcoin Struggles To Remain Above $20,000 As Crypto Investor Loses $2 Million On OKex.
The narrowest range for Bitcoin trading since October 2020 occurred, with a range of just 5.4%. Nearly 40% of the…
Fuel Shortage Is Coming as IPMAN Poses a Supply Threat.
The chairman, Alhaji Yahaya Alhassan, announced the suspension of supply of the commodity from the depot. He made this announcement…
First Inhalable COVID-19 Vaccine Approved in China.
CanSino Biologics, a business based in Tianjin, has developed the first inhalable COVID-19 vaccine, which Chinese medicine regulators have approved.…
Liz Truss Wins Vote To Be Next British Prime Minister.
UK Foreign Secretary Liz Truss is the next prime minister and leader of the ruling Conservative Party. Truss promises to…
Nigeria’s Foreign Reserves Decrease To $39billion In August 2022 Due To Forex Crisis.
The decline in foreign reserves comes amidst over $100 crude oil average price in August; against a benchmark of $62…
Turkey’s Inflation Exceeds 80%
According to figures released, Turkey’s annual inflation increased to 80. 21% in August, somewhat less than expected; after the central…
PenCom Revises The Regulations Governing Retirement And Gratuity benefits.
The Revised Regulation includes a new pension augmentation to address the problems associated with its implementation. Pension augmentation under the…
98.75 million SIM Cards Are Not Used By Subscribers.
According to recent industry statistics from the Nigerian Communications Commission, 98. 75 million registered SIMs belonging to telecom consumers were…
Prices Of Oil Increase By More Than $2.
Investors were anticipating probable actions by OPEC+ producers to reduce output and support prices, which led to an increase in…
News Update On Russia and Ukraine.
The impact of rising energy costs on the continent was address by European leaders, while also reporting success in a…
We Are Prepared For Audit, According To Petrol Supply Data, Says NNPC.
A forensic examination of the import and supply of Premium Motor Spirit has been welcomed by the Nigerian National Petroleum…