Business

36 states grow IGR by N360b in 2 years-Fayemi

The 36 states of the federation grew their combined Internally Generated Revenue (IGR) by N360 billion in two years. Chairman of the Nigeria Governors Forum, Kayode...

Oil prices up but expected Fed rate hike paints bearish picture

Oil prices ticked up on Tuesday as OPEC and its allies keep producing less than their quotas, but were headed for a fourth monthly decline ahead of an expected further...

Oil falls more than 1% on demand fears, strong dollar

Oil fell by more than 1% on Monday, pressured by expectations of weaker global demand and by U.S. dollar strength ahead of a possible large interest rate increase,...

Nigeria’s NIN Enrolment Nears 90 Million, Says NIMC

Almost 90 million people have registered for the National Identification Number (NIN), the National Identity Management Commission (NIMC) has said. NIMC Director-General...

AfDB: Nigeria, Other African Countries Losing Up to 15% of GDP Growth to Climate Change

Africa is losing 5 per cent to 15 per cent of its per capita economic growth due the effects of climate change and is facing a gaping climate finance shortfall,...

Oil rises 2% on supply concerns, expectations for fuel switching

Oil prices edged lower on Wednesday on demand concerns raised by the prospect of further increases to interest rates in an effort to tackle rising inflation in Europe...

Oil prices rise on concerns over tight supplies

Oil prices rose in volatile trade on Tuesday as worries about tight fuel supplies ahead of winter offset investor concerns about lower demand in China, the world’s...

CBN injects $7.6bn into FX market in 5 months to stabilise naira

The Central Bank of Nigeria (CBN) says it injected $7.6 billion into the economy in five months through foreign exchange sales to authorised dealers. The apex bank said...

Oil prices drop amid China COVID curbs, possible rate hikes

Oil prices fell on Monday with the global fuel demand outlook overshadowed by COVID-19 restrictions in China and the potential for further interest rate hikes in the...

World Bank announces new funding initiative for pandemic prevention

The World Bank has announced the establishment of a new Financial Intermediary Fund (FIF) that will finance investments to strengthen pandemic prevention, preparedness,...