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Dangote Refinery Plans to Import Crude from the US
In anticipation of potential supply disruptions that could jeopardize its operations, Dangote Refinery is…
Global Markets Extend Slide as Rate Cut Hopes Diminish
Global stock markets faced a continued decline at the start of 2024, with investor optimism regarding early U.S.…
Manufacturers Lament over FGN’s 7BN Debt
The Manufacturers Association of Nigeria (MAN) predicted a tough start for manufacturers in 2024, especially in…
Nigerians Express Disappointment on Transportation Cost Despite FGN’s…
Despite the Federal Government's initiative to provide a 50% fare rebate from December 21 to January 4, 2024,…
NNPC and Marketers Clash Over Petrol Subsidy, PMA Proposes N1,200/Litre
Tensions have risen between the Nigerian National Petroleum Company Limited (NNPC) and fuel marketers, represented…
Nigeria’s External Reserve Declines by $77m- CBN
In December 2023, Africa's largest economy, Nigeria, witnessed a decline in its external reserves, dropping by…
New E-Dividend Portal in Nigeria to Be Operational by November 30, 2023, Says SEC
The Securities and Exchange Commission (SEC) in Nigeria has announced that the new e-dividend portal is expected…
IMF and World Bank Confirm 2023 Annual Meetings in Morocco Despite Recent…
The International Monetary Fund (IMF) and the World Bank have confirmed that their scheduled 2023 Annual Meetings…
Global Debt Skyrockets to $235 Trillion, With US and China Accounting for Half
The world's total debt has surged to a staggering $235 trillion, with the United States and China contributing a…
Private Employers Caution Against Impending Nigerian Labour Congress Strike
Private employers of labour in Nigeria have cautioned against the proposed strike by the Nigerian Labour Congress…
G7 and Allies Pause Reviews of Russian Oil Price Cap Scheme
The G7 and its allies have halted their regular reviews of the Russian oil price cap scheme, despite Russian crude…
IFC Plans $50 Million Investment in Emerging Markets Infrastructure Fund II
The International Finance Corporation (IFC) is considering an investment of $50 million in the Emerging Markets…
Biden Administration Offers $12 Billion to Automakers to Retrofit Plants for EV…
The Biden administration is providing $12 billion in grants and loans to auto manufacturers and suppliers to…
China Takes Measures to Boost Economy Amidst Slowdown
As China grapples with an economic slowdown and a debt crisis in the property sector, authorities have rolled out…
Surprising Surge: Kenyan One-Year Treasury Bill Interest Rates Spike to 14%…
In an unexpected twist, the interest rate on the one-year Treasury bill in Kenya soared to a remarkable 14% during…
War Risk Premiums Surge for Shipping in Russia’s Black Sea Ports Amid…
Insurance companies have informed ship charterers operating in Russia's Black Sea ports of a significant increase…
European Business Lobby Urges China for Clarity on Economic Plans and National…
The European Chamber of Commerce in China, an influential business lobby, is calling on Beijing to provide a clear…
U.S. Stock Futures Rise on Nvidia Optimism and Easing Bond Yields”
U.S. stock index futures have shown positive movement as optimism regarding Nvidia's upcoming earnings report…
China Cuts One-Year Lending Rate, But Surprises by Keeping Five-Year Rate…
China has taken steps to stimulate credit demand by reducing its one-year benchmark lending rate, lowering it by…
Oil Prices Rise on Tightening Supply Amid Global Demand Concerns
Oil prices increased on Monday due to tightening global supply resulting from lower exports by major oil-producing…
Petroleum Traders May Benefit from Falling Oil Prices and Strengthening Naira
Major petroleum product traders and independent traders could potentially experience relief from rising gasoline…
Transcorp Group: A Driving Force for Nigeria’s Energy Transformation
Transcorp Group, under the leadership of Chairman Tony Elumelu, is emerging as a pivotal force in propelling…
Seplat Energy Clarifies Ownership Amidst Oil Rig Incident Controversy
Seplat Energy, an independent oil producer, has responded to controversies surrounding the ownership of the…
ECOWAS Prepared to Intervene Militarily in Niger Republic’s Political Crisis
The Economic Community of West African States (ECOWAS) has announced its readiness to intervene militarily in…
Nigerian Stock Exchange Continues Bearish Trend, Market Capitalization Drops by…
The Nigerian Stock Exchange (NSE) has extended its bearish performance from the previous trading session,…
Binance Shuts Down Fiat-to-Crypto Platform Amidst Crypto Market Fluctuations
Binance, a prominent cryptocurrency exchange, has announced the closure of its fiat-to-crypto payments platform,…
China’s Reluctant Response to Economic Challenges Raises Concerns
China's economy is facing challenges such as a potential property crisis and stagnation, leading to concerns over…
Ghana $13 billion Eurobond Restructuring to be Concluded by Year End –…
Ghana's government aims to reach an agreement with its commercial creditors to restructure Eurobonds totaling $13…
Petrol Prices Set to Surge Further as International Crude Oil Market Gains
International market data reveals that the price of Brent crude oil has increased by 20%, signaling a potential…
FocusEconomic Analysts Forecast 2.8% GDP Growth for Nigeria in 2023 Despite Fuel…
According to the August 2023 FocusEconomics Consensus Forecast report, Nigeria's economy is projected to expand by…