Month: February 2024

Oil Mixed on US Slower Output Growth Oil prices were mixed as the US lowered output expectations and a less-than-projected rise in crude stockpiles amidst hopes of a ceasefire in…

NGX Slumps as Investors Eye High Yield in Debt Market The Nigerian Exchange (NGX) equities market capitalisation slumped further on Wednesday as investors shifted attention to fixed interest securities. The…

Nigeria: Production Commences at Akpo West Field –TotalEnergies TotalEnergies has announced the commencement of production, another tie-back project at Apo West Field, Nigeria, according to an official statement. According to…

Wema Bank Names Kazaure, Opeke as New Board Members Wema Bank Plc has announced the appointments of Mr Yusuf Zubair Kazaure as Non-Executive Director and Segun Opeke as Executive Director…

Sub-Saharan Africa’s GDP to Hit US$4.5 Trillion Euromonitor International has forecast that Sub-Saharan Africa’s gross domestic product (GDP) will double by 2040 from the 2022 figure of USD 2 trillion…

FG Mulls Measures to Reduce LPG Price, Availability The Federal Government says it will implement measures to significantly reduce the price of Liquefied Petroleum Gas (LPG), otherwise known as cooking…

Ministers, CBN, FIRS Pledge to Address High Cost of Living The Minister of Finance, Mr Wale Edun, and the Minister of Budget and National Planning, Atiku Bagudu, have assured Nigerians…

Ethiopia’s Largest Cement Factory to Begin Operation Soon The Lemi National Cement Factory in Ethiopia, the country’s largest of its kind, is to begin production soon, company officials have said.…

Global food prices inflation remains high – World Bank The World Bank declared in its latest Food Security Update report on Tuesday that available data on food prices showed high…

Oil Prices Steady as Blinken Visits Middle East Global prices of crude oil stabilized on Tuesday after sustained decline which started last week. Crude oil fell below $80 over slowdown…