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Category: Economy

Business Economy headline

IBM exits Nigeria, transfers operations to MIBB

Iheanyi Ejiofor February 6, 2025 No Comments #IBM #MIBB

International Business Machines (IBM) Corporation, an American multinational technology company, has announced plans to exit Nigeria, Ghana, and other key African markets. According to TechCabal, IBM revealed in a statement that…

Read More IBM exits Nigeria, transfers operations to MIBB
Business Economy headline

Dangote refinery exports two cargoes of jet fuel to Saudi Aramco in Saudi Arabia

Iheanyi Ejiofor February 5, 2025 No Comments #Dangote refinery #Saudi Aramco#Jet fuel

…NESG says FG Must Support Domestic Industries to Achieve a $1 Trillion Economy   Dangote Petroleum Refinery recently achieved a significant milestone by successfully exporting two jet fuel cargoes to…

Read More Dangote refinery exports two cargoes of jet fuel to Saudi Aramco in Saudi Arabia
Business Economy headline

Tinubu increases 2025 Budget to ₦54.2tn

Iheanyi Ejiofor February 5, 2025 No Comments #Budget 2025

Our reporter/ President Bola Tinubu has raised the proposed 2025 budget from ₦49.7 trillion to ₦54.2 trillion, citing additional revenues generated by key government agencies. The President conveyed the budget…

Read More Tinubu increases 2025 Budget to ₦54.2tn
Business Economy headline

Naira depreciates by 1.4% amid CBN’s extension of FX sales deadline

Iheanyi Ejiofor February 4, 2025 No Comments #CBN #Naira #depreciation #FX deadline

The naira depreciated on Monday’s official market, trading N1,495.60 to a dollar. Data from the FMDQ Security Exchange official forex trading platform revealed that the naira lost N20.82. This represents…

Read More Naira depreciates by 1.4% amid CBN’s extension of FX sales deadline
Business Economy headline

Nigeria generated $831.14bn from oil & gas in 24 years – NEITI 

Iheanyi Ejiofor February 4, 2025 No Comments #NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI) has stated that Nigeria generated over 831.14 billion dollars in revenue from the oil and gas sector between 1999 and 2023. NEITI’s Executive…

Read More Nigeria generated $831.14bn from oil & gas in 24 years – NEITI 

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