Our reporter/ The Nigeria National Petroleum Company Ltd and Afreximbank have jointly signed a commitment letter and termsheet for an emergency $3 billion crude oil repayment loan. In a statement…
Read More NNPCL secures $3 billion Afrexim Bank loan to support FG, stabilise FX rates
Our reporter/ The Nigerian Economic Summit Group (NESG) on Tuesday predicted that Nigeria will experience stronger economic growth as business activities increase in the remaining part of the year. Laoye…
Read More Nigeria to likely experience strong economic growth for rest of 2023 – NESG
Our reporter/ President Bola Tinubu on Tuesday assured Nigerians that there will be no increase in the pump price of petrol, even as he considers temporary reinstatement of the fuel…
Read More Tinubu says no fuel price increase for now, mulls return of subsidy
Our reporter/ Kenya has reinstated a small subsidy to stabilize retail fuel prices for the next 30 days in the country, even as president Bola Tinubu is considering the same…
Read More Kenya reinstate fuel subsidy as Tinubu mulls temporary subsidy return
Our reporter/ The consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 24.08 percent in July 2023 up from 22.79 percent…
Read More Nigeria records highest inflation rate (24.08%) in more than ten years