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The UK government on Wednesday said it had cut tariffs and extended duty free trade in goods exported from Nigeria Mr Ben Llewellyn-Jones, Deputy British High Commissioner to Nigeria said this at the launch of the Developing Countries Trading Scheme (DCTS) which took place at Eko Hotel and Suites, Victoria Island, Lagos. Llewellyn-Jones said the…
January 26, 2023
Despite earlier intervention by the Nigerian Senate, seeking an extension of the January 31st deadline for the phasing out of the old banknotes to 30th June, 2023, the Central bank of Nigeria (CBN) has started alerting Nigerians via SMS messages on its deadline date just as some depositors Besieged banks with bags stuffed with the…
January 16, 2023
Says Govt Should Get Out Of Company, Oil Sector Despite a change in its nomenclature, nothing has changed in terms of value addition and transparency since the Federal Government commercialised the Nigerian National Petroleum Corporation Limited (NNPCL), transforming it to a private company, Kaduna State Governor, Nasir El-Rufai has said. Governor El-Rufai explained that government's…
October 13, 2022
The oil market is currently very much focused on the bearish signals, with prices reflecting fears of slowdown in China, a slowdown or recession in the U.S., and a recession in Europe. Global maritime trade is slowing down and freight rates are returning to more normal levels. Fitch: The Eurozone and UK are now expected…
September 19, 2022
Global economic growth is set to remain robust at 3.1% this year and another 3.1% next year, OPEC said on Tuesday in a forecast suggesting that the cartel expects healthy oil demand growth despite market fears of recession. In its September Monthly Oil Market Report (MOMR) published today, OPEC made no changes in its economic…
September 13, 2022
The World Bank Group has stated that the international financial institution is ready to support Nigeria in phasing out regressive fuel subsidies, while increasing social assistance for the poor. The World Bank Group’s President, David Malpass disclosed this in a statement following his meeting with the Vice-President Yemi Osinbajo. Malpass further advised the Vice-President that…
September 2, 2022
The Debt Management Office says Nigeria needs to earn higher revenue and manage its debt profile more efficiently. The Director-General, Patience Oniha made the declaration in Abuja on Wednesday when she spoke with the News Agency of Nigeria. Oniha said: “How much revenue is Nigeria generating? “Statistics show that relative to other countries, Nigeria’s revenue…
August 25, 2022
Martin Kopf needs natural gas to run his family’s company, Zinkpower GmbH, which rustproofs steel components in western Germany. Zinkpower’s facility outside Bonn uses gas to keep 600 tons of zinc worth 2.5 million euros ($2.5 million) in a molten state every day. The metal will harden otherwise, wrecking the tank where steel parts are…
August 21, 2022
Over 107 countries including Ghana, South Africa, Egypt, Argentina are in the throes of imminent economic collapse due to the wave of financial crisis that has hit the world, a report has sounded the alarm. 25 of the countries are said to be in Africa, 25 in the Asia and 19 in Latin America as…
July 5, 2022
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The UK government on Wednesday said it had cut tariffs and extended duty free trade in goods exported from Nigeria Mr Ben Llewellyn-Jones, Deputy British High Commissioner to Nigeria said this at the launch of the Developing Countries Trading Scheme (DCTS) which took place at Eko Hotel and Suites, Victoria Island, Lagos. Llewellyn-Jones said the…
January 26, 2023
Despite earlier intervention by the Nigerian Senate, seeking an extension of the January 31st deadline for the phasing out of the old banknotes to 30th June, 2023, the Central bank of Nigeria (CBN) has started alerting Nigerians via SMS messages on its deadline date just as some depositors Besieged banks with bags stuffed with the…
January 16, 2023
Says Govt Should Get Out Of Company, Oil Sector Despite a change in its nomenclature, nothing has changed in terms of value addition and transparency since the Federal Government commercialised the Nigerian National Petroleum Corporation Limited (NNPCL), transforming it to a private company, Kaduna State Governor, Nasir El-Rufai has said. Governor El-Rufai explained that government's…
October 13, 2022
The oil market is currently very much focused on the bearish signals, with prices reflecting fears of slowdown in China, a slowdown or recession in the U.S., and a recession in Europe. Global maritime trade is slowing down and freight rates are returning to more normal levels. Fitch: The Eurozone and UK are now expected…
September 19, 2022
Global economic growth is set to remain robust at 3.1% this year and another 3.1% next year, OPEC said on Tuesday in a forecast suggesting that the cartel expects healthy oil demand growth despite market fears of recession. In its September Monthly Oil Market Report (MOMR) published today, OPEC made no changes in its economic…
September 13, 2022
The World Bank Group has stated that the international financial institution is ready to support Nigeria in phasing out regressive fuel subsidies, while increasing social assistance for the poor. The World Bank Group’s President, David Malpass disclosed this in a statement following his meeting with the Vice-President Yemi Osinbajo. Malpass further advised the Vice-President that…
September 2, 2022
The Debt Management Office says Nigeria needs to earn higher revenue and manage its debt profile more efficiently. The Director-General, Patience Oniha made the declaration in Abuja on Wednesday when she spoke with the News Agency of Nigeria. Oniha said: “How much revenue is Nigeria generating? “Statistics show that relative to other countries, Nigeria’s revenue…
August 25, 2022
Martin Kopf needs natural gas to run his family’s company, Zinkpower GmbH, which rustproofs steel components in western Germany. Zinkpower’s facility outside Bonn uses gas to keep 600 tons of zinc worth 2.5 million euros ($2.5 million) in a molten state every day. The metal will harden otherwise, wrecking the tank where steel parts are…
August 21, 2022
Over 107 countries including Ghana, South Africa, Egypt, Argentina are in the throes of imminent economic collapse due to the wave of financial crisis that has hit the world, a report has sounded the alarm. 25 of the countries are said to be in Africa, 25 in the Asia and 19 in Latin America as…
July 5, 2022
