Weak Oil Receipt Threatens FG Revenue as Tax, Imports Duties Fall
Weak Oil Receipt Threatens FG Revenue as Tax, Import Duties Fall The federal government has been earning below expectation for the most part of the fiscal year 2021, according to…
Indigenous Companies Invest $10 billion in Oil, Gas Production
Indigenous Companies Invest $10 billion in Oil, Gas Production The Independent Petroleum Producers Group (IPPG) says its members have invested about $10 billion in oil and gas production in Nigeria…
Oil Prices Rollback Amidst Pressures on Demand Outlook
Oil Prices Rollback Amidst Pressures on Demand Outlook Oil prices lost more than 3% this week ahead of the Organisation of Petroleum Exporting Countries and allies (OPEC+) production volume decision…
Naira Rises as Analysts Anticipate Devaluation at Investors Window
Naira Rises as Analysts Anticipate Devaluation at Investors Window Nigeria’s local currency, naira, rises against the United States dollar weekend but analysts appear not to be satisfied with a relatively…
Nigeria Needs $1.5tn to Close Infrastructure Gap in 10 Years -Buhari
Nigeria Needs $1.5tn to Close Infrastructure Gap in 10 Years -Buhari President Muhammadu Buhari says $1.5 trillion is needed by Nigeria over a ten-year period, to achieve an appreciable level…
Oil Dips Ahead of OPEC+ Meeting, Rising U.S Crude Inventories
Oil Dips Ahead of OPEC+ Meeting, Rising U.S Crude Inventories Oil prices were down mid-week ahead of the Organisation of Petroleum Exporting Countries and allies meeting on Thursday amidst rising…
U.S Stocks React as Fed Announces Bond-Buying Tapering
U.S Stocks React as Fed Announces Bond-Buying Tapering United States (U.S) stocks soared to new records Wednesday as the Federal Reserve said it will start scaling back its monthly asset…
Naira Strengthens Against Dollar, Chinese Yuan
Naira Strengthens Against Dollar, Chinese Yuan Naira gains 0.04 per cent to N64.3 to a Chinese Yuan week on week, according to Coronation Merchant Bank Limited macroeconomic note obtained by…
Oil Prices Decline as China Opens Fuel Reserves
Oil Prices Decline as China Opens Fuel Reserves Oil prices declined on Monday after China announced the sale of its gasoline and diesel reserves. With the Organisation of Petroleum Exporting…
Derivative: Court Orders FG to Pay Delta State $1.638bn Arrears
Derivative: Court Orders FG to Pay Delta State $1.638bn Arrears A Federal High Court, Abuja, on Monday, ordered the Federal Government to pay $1.638 billion to Delta State Government being…
Nigeria’s Private Sector Output Rises Sharply in October – PMI
Nigeria’s Private Sector Output Rises Sharply in October – PMI Nigeria’s private sector output sees a sharp rise in October 2021 to hit a three month high, according to Stanbic…
Swordpress News – The World Today !
Swordpress Good morning. There’s a truce and then there’re tensions between certain global powers. Climate action looms large from the G-20 summit in Rome to COP26 in Glasgow. And Russia’s…
CBN Devalues Naira 12.95% despite Rising Foreign Reserves
CBN Devalues Naira 12.95% despite Rising Foreign Reserves An already weakened Nigerian local currency, Naira, sinks large by 12.95% in the just concluded week despite rising foreign reserves amidst lower…
secifi.com : De Evolution – Your Nigeria Today & The Non Oil World Tomorrow – Electricity and Computer Technology New Superpowers !
Hard-to-Believe Predictions That May Soon Be The Reality Of Our World; Take Your Time And Read, Please: 1. Auto repair shops will disappear. 2. A petrol/diesel engine has 20,000 individual…
Oil Dips as US Stocks Rebound Amid Weak Demand in Asia
Oil Dips as US Stocks Rebound Amid Weak Demand in Asia Oil dips mid-week as the United States crude stocks rebound more than expected amidst weak demand in the Asian…
Naira: Central Bank Delaying Inevitable Devaluation –Expert
Naira: Central Bank Delaying Inevitable Devaluation –Expert Naira, the Nigerian local currency, according to some investment banking experts, is overpriced but a devaluation would put further pressure on Nigerians. But…
Brent Price Crossed $85 amidst Global Energy Crunch
Brent Price Crossed $85 amidst Global Energy Crunch Brent price rises above $85 a barrel on Monday as global energy crunch persists with a notable and sustained increase in oil…
Top Oil Exporter Saudi Arabia Targets Zero Carbon Emissions By 2060
A handout picture provided by the Saudi Royal Palace shows Saudi Crown Prince Mohammed bin Salman delivering a speech addressing the Saudi Green Initiative opening ceremony in the capital Riyadh…
Buhari Presents N16.39trn 2022 Budget Proposal To National Assembly
President Muhammadu Buhari on Thursday proposed a total budget of N16.39 trillion for the year 2022 to the National Assembly. Speaking at the assembly chambers, the President tagged the…
Nigeria Looks To Revive Ailing Palm Oil Sector
A file photo used to illustrate this story Standing beside the piles of dark red palm fruits ready for crushing for their essence, Nigerian farmer Micah Ojo hopes to cash…