Business

The latest Monthly Economic Outlook report of the Central Bank of Nigeria, CBN, indicated that the decline in net inflow was driven by a massive rise in forex outflow during the period.

"When will Nigeria hit the ground running and think less of loans, aid from donors and support from those who are out for just one purpose of exploitation and subjugation?"

Other tech firms are focusing on helping musicians more effectively deal with their paperwork. One such company is Portuguese start-up Faniak.

The 42 per cent increase in market liquidity is in contrast to the 34 per cent decline in average market liquidity in December.

...non-OPEC supply growth was forecasted at 3.0 mb/d for an average of 66.7 mb/d, also unchanged from last month.

Banks’  borrowings from the Central Bank of Nigeria, CBN, rose by 233 per cent, year-on-year, to N26.9 trillion in 2021 reflecting  increased  reliance on the apex bank to cope with the intense scarcity of funds which prevailed in the interbank money market for most part of last year. The CBN has two short term lending windows for banks namely the Standing ...

When completed, it will be the second largest hydroelectric power project in the country behind the 760 megawatts (1,020,000 hp) Kainji hydroelectric power project.

The facility, which would be the largest methanol plant in Africa and the first in Nigeria, also is expected to create 35,000 direct and indirect jobs and additional 5,000 permanent jobs during the operations phase.

The Federal Government has been urged to be innovative with youth focused schemes aimed at lifting Nigerians out of poverty.

However, on month-on-month basis, food sub-index increased by 1.07 per cent in November, up by 0.16 per cent points from 0.91 per cent recorded in October.