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Category: Economy

Business Economy headline

Fitch upgrades Nigeria’s credit outlook to positive, cites economic reforms

Iheanyi Ejiofor May 4, 2024 No Comments #Fitch#Nigeria#rating agency

Global rating agency, Fitch has reviewed Nigeria’s outlook to positive from stable. A credit rating is a measure of how likely a company or government entity can pay back its…

Read More Fitch upgrades Nigeria’s credit outlook to positive, cites economic reforms
Business Economy headline

Nigeria could sign off on Exxon oil asset sale to Seplat within weeks, NUPRC says

Iheanyi Ejiofor May 2, 2024 No Comments #ExxonMobil#NUPRC#Seplat

ExxonMobil’s Nigerian petroleum assets sale to Nigeria’s Seplat could be approved in less than two weeks, the country’s oil regulator told Reuters on Thursday. The $1.28 billion sale in Africa’s…

Read More Nigeria could sign off on Exxon oil asset sale to Seplat within weeks, NUPRC says
Business Economy headline

Fuel prices soar as shortages worsen cost of living crisis in Nigeria

Iheanyi Ejiofor May 2, 2024 No Comments #Fuel

Fuel shortages persisted in Nigeria’s major cities on Thursday, causing a sharp increase in prices and exacerbating the country’s cost-of-living crisis. Prices in some retail outlets in Lagos and Abuja…

Read More Fuel prices soar as shortages worsen cost of living crisis in Nigeria
Business Economy headline

Backward Integration: Dangote targets 700,000MT of refined sugar in four years

Iheanyi Ejiofor May 2, 2024 No Comments #Backward Integration#Dangote#Dangote Sugar

…As Q1 revenue rise by 20.1% to N122.7bn   Dangote Sugar Refinery Plc (DSR) has unveiled plans to produce 700,000 metric tonnes of refined sugar from locally grown sugarcane in…

Read More Backward Integration: Dangote targets 700,000MT of refined sugar in four years
Business Economy headline

May Day: Welfare of workers remains priority – Gov Otti

Iheanyi Ejiofor May 2, 2024 No Comments

May Day: Welfare of workers remains priority – Gov Otti Abia State Governor, Dr. Alex Otti, OFR, says the welfare of Abia workers will continue to be a priority in…

Read More May Day: Welfare of workers remains priority – Gov Otti

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