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Nvidia CEO rejects claims AI could wipe out humanity

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Buhari
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AfCFTA will boost Nigerian exports by 15% – Buhari

The President, Major General Muhammadu Buhari (retd.), has said that the African Continental Free Trade Agreement will increase Nigeria’s exports by more than 15 per cent in fishery, textile, leather, wood and papers, metals, electronics, vehicles and transport equipment. Buhari stated this at the ninth African Shippers’ Day with the theme: “African Continental Free Trade […]

Oil and Gas

Oil blocs licensing to end in April –FG

The Federal Government declared on Monday that the seven deep offshore open oil blocs’ licensing round, which started on January 3, 2023, will end in four months time It asked investors with knowledge of and experience with deep-water operations from around the world to accept the financial terms of the Petroleum Industry Act 2021 and […]

Ghana requests debt relief under G20 Common Framework - IMF
News

Ghana requests debt relief under G20 Common Framework – IMF

Ghana has requested debt relief through the Common Framework program, which is backed by the Group of 20 major economies, according to International Monetary Fund Managing Director, Kristalina Georgieva. According to a source familiar with the matter, Ghana asked for a restructure of its bilateral debt on Tuesday under the Common Framework initiative backed by […]

News

Nigeria’s inflation drops 21 per cent

For the first time in 11 months, Nigeria’s inflation rate decreased to 21.34 percent. Prior to November 2022, when it hit 21.47 percent, the country’s inflation rate had climbed for 10 consecutive months. In its most recent report, the National Bureau of Statistics stated that the country’s inflation rate decreased by 0.13 percent between November […]

News

CBN’s problem is not Emefiele, says Obi

The Presidential Candidate of the Labour Party, Peter Obi, has stated that the problem of the Central Bank of Nigeria is not with its president, Godwin Emefiele. Obi, while speaking at the Chatham House in London on Monday stated that if elected as the president of Nigeria in the 2023 presidential election, he will ensure […]

How 0.5% import tax will boost Nigerian economy - CPPE
Economy News

How 0.5% import tax will boost Nigerian economy – CPPE

Nigeria’s economy operating costs, production costs, and inflation will increase as a result of the 0.5% tax that is being imposed on all imports from Africa for the 2023 Finance Bill. This information was provided to Nairametrics by Dr. Muda Yusuf, Director of the Centre for the Promotion of Private Enterprise, titled, “Tweaking the 2023 […]

Energy

Falana faults FG over irregular petroleum products prices

Human Rights Activist and Senior Advocate of Nigeria, Femi Falana, has condemned the attitude of the Federal Government in allowing private companies to fix prices of petroleum products. He also called on the FG to tell Nigerians why the migration from PMS to CNG has been abandoned.Falana, according to Vanguard, in a statement issued on […]

News Uncategorized

Customs generates N242bn revenue at Onne Port in 2022

The Nigeria Customs Service has said it generated N242,090,629,309.60k revenue in 2022.The Area Controller Nigeria Customs Service Area ll Command Onne Port, Comptroller Auwal Mohammed made this known, attributing the revenue collection to three key operational indices.Vanguard reported that according to Mohammed, the factors were regular stakeholders engagement, increased compliance level of the port users […]

Uncategorized

How bank borrowing from CBN hit N21.87trn

Data from the Central Bank of Nigeria financial information has revealed that deposit money banks borrowed N21.87 trillion from the CBN in 2020 through the Standing Lending Facility window and the Repurchase Lending platform. When compared to the N5.744tn recorded via the same windows in 2022, this is a 260 percent increase. However, when compared […]

News

A’ibom automobile assembling plant’ll boost economy – Govt

  The Akwa Ibom State Government has promised that the automobile assembly and production facility in the Itu Local Government Area’s Ikot Ukap Itam will improve the state’s economy. According to Vanguard,this was disclosed by the commissioner for Economic Development, Mr Emem Bob, during the facility inspection over the week. Bob, whose ministry oversees the […]

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