Import Licence Dispute Pits Dangote Refinery Against Marketers
Dangote Refinery and fuel marketers have resumed fresh hostilities over the new import licenses the Federal Government recently granted the former to ship petroleum products outside the shores of the country.
Economic Confidential...
Why Foreign Reserves Are Keeping Africa Poor — And What To Do Instead , by Ejike E. Okpa
A successful nation does not need a foreign reserve. It needs formidable local capital formation. That’s the difference between a country that...
Crude Falls to $105 as US-Iran Negotiations Advance
The price of Brent crude dropped to $105 per barrel on Wednesday amid ongoing peace talks aimed at de-escalating tensions in the Middle East.
According to data from Oilprice.com, Brent fell by $6,...
World Bank Seeks $23bn Private Funding for Africa
The World Bank Group has unveiled an ambitious financial plan to mobilise about $23bn in private capital for Africa through a massive scaling up of its risk mitigation instruments over the next...
Nigeria's Non-Oil Export at Risk as Logistics Cost Rise
Nigeria’s non-oil export sector is facing mounting pressure from rising logistics and energy costs despite growing global demand and increasing export value, a new industry report has revealed.
The report, unveiled on...
CBN Keeps Rates Unchanged Despite OPS Warnings on Manufacturing Slowdown
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Wednesday retained the benchmark interest rate at 26.5 per cent, citing rising external risks, renewed inflationary pressure,...
