NNPC Says Price Benchmark for 2024 Budget Realistic; Puts OPEC Quota at 1.78mbpd
The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has assured that the projections on crude oil production and price benchmark for the 2024 Budget were realistic and realizable. The Group…
OPEC blames ‘exaggerated’ demand concerns for oil price drop
December 13, 2023 OPEC on Wednesday said it remained cautiously optimistic about 2024 oil market fundamentals and blamed “exaggerated concerns” about demand for a recent drop in prices, as it…
Economy affairs, education, environment top Lagos’ priorities in 2024 as gov. presents N2.2trn ‘budget of renewal’
Dec. 13, 2023 Governor Babajide Sanwo-Olu, on Wednesday, presented an estimate of N2.2 trillion expenditures to the House of Assembly for next year, proposing increased capital spending across key priority…
Nigeria needs to curb inflation, stabilise forex to boost growth – World Bank
December 13, 2023 Nigeria still needs to control inflation and stabilise its foreign exchange market to boost growth in Africa’s largest economy following currency reforms and the removal of a…
Developing Countries Paid Record $443.5 Billion on Public Debt in 2022- World Bank
Dec. 13, 2023 …Adds, poorest countries face risk of debt crises as borrowing costs surge Amid the biggest surge in global interest rates in four decades, developing countries spent a…
NDDC Will Fast-Track Niger Delta Development – Ebie, Board Chairman
Chairman of the Governing Board of the Niger Delta Development Commission, NDDC, Mr. Chiedu Ebie, has re-stated the commitment of the new leadership in the Commission to quickening the pace…
Tech the Halls: E-Commerce Extravaganza for a Merry Shopping Season, by Reuben Kalu
The holiday season is not only a time for celebration and festivities but also a peak period for shopping, both online and offline. In Nigeria, the dynamics of holiday shopping…
Telecoms: Over 24,000 fiber cuts so far in 2023, N14bn spent on repairing damaged fiber – NCC reveals
Dec. 13, 2023 …Adds multiple taxation bane of telecom industry devt The Nigerian Communications Commission (NCC) says the industry experienced over 35,000 fiber cuts in 2022 and over 24,000 fibre…
Reps Committee Pledges Improved Funding for Solid Minerals; Alake defends budget
The House of Representatives Committee on Solid Minerals Development has made a case for scaled up budgetary allocations to the Ministry of Solid Minerals Development for the 2024…
Proposed COP28 climate deal hints at looming end to fossil fuel era
December 13, 2023 The COP28 Presidency released a proposed text of a final climate deal on Wednesday that would, for the first time, push nations to transition away from fossil…