Oil prices extend losses as Shanghai lockdowns hit demand outlook
Oil prices extended losses on Monday amid persistent worries that prolonged COVID-19 lockdowns in Shanghai and potential U.S. rate hikes...
FG records N2.23tn fiscal deficit in three months – CBN report
The Federal Government recorded N2.23tn fiscal deficit in the fourth quarter of 2021. This was revealed by figures obtained from...
Power generation crashes by 903MW, national grid crisis persists
The latest figures on Nigeria’s power grid performance released on Tuesday showed that the quantum of electricity generated on the...
FG Denies Stoking Food Inflation by Mopping Up Production
The federal government has refuted claims that it is partly responsible for the current rising prices of food items in...
Stocks Rise as Treasuries Steady; Yen Snaps Drop
Most Asian stocks rose Wednesday and a selloff in Treasuries paused as investors evaluated the economic outlook amid high inflation,...
Oil prices rebound after sharp losses as supply concerns dominate
Oil prices rebounded on Wednesday from sharp losses in the previous session as concerns about tighter supplies from Russia and...
Stakeholders call for LPG import with CBN N250b intervention
Stakeholders in the energy sector, yesterday, called for an end to the importation of liquefied petroleum gas (LPG) given the...
Oil earnings drop by N75.9bn despite monthly price hike
Nigeria’s earnings from crude oil plunged by about N75.9bn in February and March this year despite the increase in global...
Domestic borrowing threatens Nigeria’s economic stability, says IMF
The International Monetary Fund has warned that increasing levels of domestic government borrowing from banks in Nigeria and other emerging...
FG Laments Attacks on Public Infrastructure, Urges Nigerians to Protect Power Asset
The federal government has urged Nigerians to rise and consciously protect Nigeria’s public infrastructure, especially against the backdrop of recent...
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