Equinor to Sell Stake in Nigerian Agbami Oil Field to Chappal Energy
Norway’s Equinor ASA is in the process of selling its 20.2 percent stake in Nigeria’s Agbami oil field to Chappal…
Day: September 26, 2023
BUA Foods Achieves Remarkable 182.8% Growth in Cash and Cash Equivalents in H1 2023 Despite Challenging Business Environment
BUA Foods, a fast-moving consumer goods company in Nigeria, has reported an impressive 182.8% increase in its cash and cash…
JPMorgan Warns of Possible $150 per Barrel Brent Crude by 2026
JPMorgan’s Head of EMEA Energy Equity Research, Christyan Malek, has cautioned that Brent crude prices could potentially reach $150 per…
Amazon Invests Up to $4 Billion in AI Startup Anthropic to Fuel AI Advancements
Amazon is set to invest up to $4 billion in Anthropic, an AI startup aiming to develop a “frontier model”…
Analysis: Nigeria’s Top 5 Sectors and Their Contributions to H1 2023 Nominal GDP
In the first half of 2023, Nigeria’s dominant sectors collectively contributed N75.22 trillion, marking a modest 1.6% increase compared to…
Bank of Ghana Set to Conclude Interest Rate Hikes Amid Falling Inflation
The Bank of Ghana is expected to conclude its series of interest rate hikes as Ghana’s headline inflation rate declined…
Money Supply in Nigeria Sees Marginal Decline in August 2023
In August 2023, Nigeria’s narrow money supply (M1), comprising cash in circulation and easily convertible deposit accounts, decreased by 0.56…
Nigerian Businesses Grapple with Foreign Supplier Rejections Amid Escalating Currency Shortages
Nigerian businesses dependent on imports face a severe setback as foreign suppliers reject letters of credit (LC) and insist on…
IMF Calls on Nigerian Finance Ministry and Central Bank to Champion Climate Policies in Economic Strategies
The International Monetary Fund (IMF) has emphasized the pivotal role of Nigeria’s Ministry of Finance and Central Bank in combatting…
NGX CEO Affirms Capital Market’s Potential in Achieving Government Objectives Through Tax Reforms
Temi Popoola, the CEO of Nigerian Exchange Limited (NGX), expressed confidence in President Tinubu’s ongoing tax reforms, stating that they…
Nigeria Exchange Limited Greenlights Capital Hotels Plc Delisting for Strategic Ventures
Summary: The Nigeria Exchange Limited (NGX) has granted approval for the delisting of Capital Hotels Plc’s shares, paving the way…
Mali’s Elections Postponed Due to Technical Challenges and Dispute with IDEMIA
Mali’s military junta has decided to postpone the scheduled February elections, citing technical difficulties and a dispute with the international…
Nigerian Senate Resumes with Key Agendas Including CBN Leadership Confirmation
The Nigerian Senate is set to resume sessions after a two-month summer recess. Among the key expectations are the confirmation…