Economic News: Mixed Signals from the U.S. EconomyManufacturing Slump: The U.S. manufacturing sector contracted further in December, with declining output and new orders. Sentiment hit its lowest leve...
Economic and Corporate NewsInflation and Monetary Policy:The Labor Department reported that U.S. producer prices rose moderately in December, signaling easing inflationary pressures. However, this dat...
US Economic Data Highlights Inflation Concerns Amid Fed's PlansIn December, US consumer inflation accelerated on both a monthly and annual basis, although core inflation measures came in below Wall St...
With oil and food prices reaching record highs, Nigeria's inflation rate surged to an 11-month high in May 2022, reaching 17.71 percent and marking its fourth consecutive monthly increase in th...
Dangote Refinery Exports First Petrol Shipment to Cameroon In a milestone development for Africa’s energy sector, the Dangote Petroleum Refinery has successfully exported its first batch of Pre...
The increase in the price of petroleum hit $113 a barrel recently, making it the highest level since June 2014! On the 7th of March 2022, the price of petroleum moved to €1.51. The in...
Nigeria's downstream sector refers to the activities and processes involved in the refining, distribution, and marketing of crude oil and petroleum products. The downstream sector is a critical aspect...
Dangote Refinery, one of Africa's largest industrial projects, is currently undergoing test runs for the production of Premium Motor Spirit (PMS), commonly known as petrol. According to a report by Re...
International shipping companies operating in Nigeria will align their financial records with the Federal Internal Revenue Service (FIRS) between now and December 31.This warning was announced by the ...
According to a recent report from the UK's Department for Business and Trade, it has been announced that the United Kingdom's exports to Nigeria declined by 21.2%, or £357 million, at the close of Q3...