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Day: October 5, 2023

Fitch Ratings Anticipates Continued Naira Depreciation Amidst Official-Parallel Exchange Rate Disparity
Local

Fitch Ratings Anticipates Continued Naira Depreciation Amidst Official-Parallel Exchange Rate Disparity

Fitch Ratings Inc., a credit ratings and research firm, predicts that the Nigerian naira will continue to depreciate against the…

byEkeminiOctober 5, 2023October 5, 2023
Nigerian Companies Experience Margin Contraction Despite Marginal Revenue Growth in Q2 2023
Local

Nigerian Companies Experience Margin Contraction Despite Marginal Revenue Growth in Q2 2023

A diverse range of Nigerian companies have reported significant reductions in their profit margins in the second quarter of 2023,…

byEkeminiOctober 5, 2023November 7, 2023
Nigeria’s Money Supply Declines Marginally to N64.8 Trillion in August 2023
Local

Nigeria’s Money Supply Declines Marginally to N64.8 Trillion in August 2023

Nigeria’s money supply, represented by M2, saw a marginal drop to N64.8 trillion in August 2023 compared to N64.9 trillion…

byEkeminiOctober 5, 2023October 5, 2023
Nigeria’s Debt Management Office Plans to Raise N1.2 Trillion through Bond Reissuance
Local

Nigeria’s Debt Management Office Plans to Raise N1.2 Trillion through Bond Reissuance

Nigeria’s Debt Management Office (DMO) has unveiled plans to raise up to N1.2 trillion by re-issuing federal government bonds. The…

byEkeminiOctober 5, 2023October 5, 2023
Nigeria Loses N843 Billion Due to Gas Flaring from January 2022 to August 2023
Local

Nigeria Loses N843 Billion Due to Gas Flaring from January 2022 to August 2023

Between January 2022 and August 2023, Nigeria suffered a significant financial loss of approximately N843 billion due to the burning…

byEkeminiOctober 5, 2023October 5, 2023
Rising Inflation Puts Pressure on Nigerian Downstream Firms as Input Costs Soar
Local

Rising Inflation Puts Pressure on Nigerian Downstream Firms as Input Costs Soar

In the first half of 2023, Nigeria’s downstream firms, including Eterna, Total Energies, Conoil, and MRS Oil, faced increasing challenges…

byEkeminiOctober 5, 2023October 5, 2023
Legal Expert Analyzes Atiku’s Request for Fresh Evidence in Presidential Election Appeal
Local

Legal Expert Analyzes Atiku’s Request for Fresh Evidence in Presidential Election Appeal

Monday Ubani, former Chairman of SPIDEL (Section of Public Interest and Development Law) at the Nigerian Bar Association, has expressed…

byEkeminiOctober 5, 2023October 5, 2023
Atiku Abubakar to Address President Tinubu’s Academic Records in Press Conference
Local

Atiku Abubakar to Address President Tinubu’s Academic Records in Press Conference

Atiku Abubakar, the People’s Democratic Party’s presidential candidate, is scheduled to hold a press conference today, where he is expected…

byayotilewaOctober 5, 2023October 5, 2023
Nigerian Naira Faces Significant Depreciation in 2023, World Bank Reports
Local

Nigerian Naira Faces Significant Depreciation in 2023, World Bank Reports

The World Bank’s Africa’s Pulse report highlights that the Nigerian Naira has undergone nearly a 40 percent depreciation in 2023,…

byEkeminiOctober 5, 2023October 5, 2023
High Rates of Self-Employment in Sub-Saharan Africa Limit Wage Jobs and Productivity, World Bank Report Finds
World

High Rates of Self-Employment in Sub-Saharan Africa Limit Wage Jobs and Productivity, World Bank Report Finds

A recent World Bank report highlights that Sub-Saharan Africa (SSA), including Nigeria, has the highest rates of self-employment and unpaid…

byEkeminiOctober 5, 2023October 5, 2023

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