BUSINESS/INVESTMENT

Cardoso

Nigerian economy stabilising — CBN Governor, Cardoso

The governor of the Central Bank of Nigeria, Olayemi Cardoso, has said the Nigerian economy has stability. He disclosed this at the press briefing at the end of its 300th Monetary Policy Committee meeting on Tuesday. According to him, investors’ confidence in the Nigerian economy has improved over the past eighteen months. Responding to questions […]

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Global Oil Prices Down To Lowest in 4 Years As US-China Tariff War Escalates 

By Ogaga Ariemu Global crude prices crashed by 6 percent on Wednesday as the tariff war between the United States and China escalated. OilPrice.com data showed that WTI crude futures slumped by around $4.01, or 6.7 percent, to $56.06 per barrel, while Brent tumbled to $59.33 per barrel as at the time of filing this

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Dangote Refinery: Why fuel price may hit above N1,000 per litre – PETROAN President, Gillis-Harry

By Ogaga Ariemu The national president of the Petroleum Retailers Outlets Owners Association of Nigeria, Billy Gillis-Harry, in this interview, explains to DAILY POST the reason for the recent hike in petrol prices to between N930 and N960 per litre from N860 and N880 in Dangote Refinery’s partners, MRS filling stations, and others. He also

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South Africa may overtake Nigeria as Africa’s biggest economy — IMF

The International Monetary Fund, IMF, has said in its forecast that South Africa may topple Nigeria as Africa’s biggest economy. According to the IMF World Economic Outlook, South Africa, the most industrialised country on the African continent, is striving towards achieving $401billion gross domestic product, GDP, in 2024. It, however, envisioned that based on current

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IMF proposes more taxes, higher interest rates after subsidy removal

The International Monetary Fund, on Friday, said for Nigeria’s fuel subsidy removal policy and foreign exchange unification initiative to translate to economic growth and stability, the Federal Government must collect more taxes to fund the national budget and pay public debts. The IMF Africa Department Director, Abebe Selassie, made the position known during a press

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