1. Background Information:- The article centers around the Federal Government of Nigeria's efforts to implement crude oil sales to local refineries in naira and the upcoming petrol pricing at Dangote ...
Economy News for WednesdayU.S. benchmark equity indexes closed lower on Wednesday as the Federal Reserve maintained its benchmark lending rate and highlighted that inflation remains "somewhat elevated...
On Monday, September 25, the Nigerian National Petroleum Company Limited (NNPC) and the Nigerian Content Development and Monitoring Board (NCDMB) signed a Memorandum of Understanding (MoU) with the in...
what is Basic Material in Finance? With the high rise of the production and manufacturing sector, there is a consistent demand for basic materials. To meet the demands of manufacturers for produc...
Coronavirus (officially named Covid-19) is an epidemic that broke out last year, first in China and has gradually spread to some countries in Europe, America, and the Middle East. Coronavirus is now a...
Nigeria used an amount of N4.56 trillion on the importation of fuel in 2021 over 128% bigger than the N2 trillion disbursed on fuel importation in 2020. This is by foreign exchange data newly c...
Investments are essential if you want to increase your assets and catch up with the rate of inflation. Cash loses purchasing power over time as a result of inflation. Therefore, if you haven't inv...
The Central Bank of Nigeria (CBN) in Abuja announced it would act on the rising inflation and exchange rate in 2024. The bank also revealed that there will be fewer revenue exports in the 2024 fiscal ...
Saudi Aramco, one of the largest companies in the world by revenue saw its profit decline by 44% to $49 billion in 2020.The coronavirus pandemic wrecked the oil company's income as the ensuing lockdow...
Norway's Equinor has commenced its interest in selling off its stake in the offshore Agbami oilfield. This decision came in after the company made it known that production has been shrinking right fro...