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Category: Economy

Business Economy headline

‘Are we drinking the petrol?’, Sanusi queries 66m litres daily fuel consumption

Iheanyi Ejiofor October 15, 2022 No Comments #Sanusi #Fuel subsidy

Our reporter| Sanusi Lamido Sanusi, Nigeria’s former central bank governor has queried the volume of the country’s daily consumption of Premium Motor Spirit also known as petrol. Sanusi described as…

Read More ‘Are we drinking the petrol?’, Sanusi queries 66m litres daily fuel consumption
Business Economy

FG: Dangote, Kogi reach agreement to reopen Obajana cement plant

Iheanyi Ejiofor October 15, 2022 No Comments #Dangote #Kogi state #Obajana cement plant

Our reporter| The federal government on Friday said an agreement has been reached between the Kogi state government and Dangote Group to reopen the Obajana cement plant. Minister of police…

Read More FG: Dangote, Kogi reach agreement to reopen Obajana cement plant
Business Economy headline

UK finance minister, Kwasi Kwarteng, sacked

Iheanyi Ejiofor October 14, 2022 No Comments

British Prime Minister Liz Truss on Friday dismissed her finance minister, forcing Kwasi Kwarteng to carry the can for turmoil sparked by her right-wing economic platform as restive Conservatives plotted…

Read More UK finance minister, Kwasi Kwarteng, sacked
Business Economy

Dangote’s 650,000bpd Refinery 97% Completed, says NMDPRA

Iheanyi Ejiofor October 13, 2022 No Comments #Dangote refinery #NMDPRA

…Naira will become stronger once Refinery starts production The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has disclosed that the Dangote Petroleum Refinery, upon which the hope of the…

Read More Dangote’s 650,000bpd Refinery 97% Completed, says NMDPRA
Business Economy

Nigeria exploring debt restructuring, says Zainab Ahmed

Iheanyi Ejiofor October 13, 2022 No Comments #Nigeria #Zainab Ahmed #debt restructuring #Bloomberg

The government also plans to refinance domestic debt obligations that are due this year and next, while the country’s 20 trillion naira ($45.4 billion) in outstanding borrowings from the central…

Read More Nigeria exploring debt restructuring, says Zainab Ahmed

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