Prompt, Factual and Incisive
Nigeria’s finance minister, Kemi Adeosun, has blamed a Western focus on green energy for prohibiting the country from addressing its energy deficit.
The International Monetary Fund (IMF) has predicted that the Nigerian economy will grow by 0.6% in 2017, effectively lifting the country out of an officially declared recession.
By Ummi Ismaeel
An agreement by OPEC members to curb output boosted oil company shares on Thursday, lifted the currencies of crude-producing countries, and drove yields on low-risk government debt higher.
As the September 26 to 28 “informal” meeting of OPEC producers in Algeria draws near, media speculation could easily cause mental anguish. On oil news websites simultaneous headlines claim OPEC will both fail and succeed in capping output.
Guinness Nigeria on Tuesday, September 20, 2016, announced its first set of results combining sales from both beer as well as International Premium Spirits (IPS) like Johnnie Walker and Baileys.
Venezuela’s oil minster Eulogio Del Pino said current global oil supplies need to drop at least 10% before supply would match consumption.
Nigeria’s foreign exchange reserves have plummeted to a new low of $24.88 billion, indicating dwindling confidence in the economy, despite reassurances by authorities.
The development of Nigeria’s housing market is key to growing the economy and the Gross Domestic Product (GDP), Mr. Godwin Emefiele, the governor of Central Bank of Nigeria (CBN), has declared.