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Nigeria in 1min: Economic, Business and Financial Headlines - 160123

Jan 16, 2023   •   by   •   Source: Proshare   •   eye-icon 495 views


Non-Oil Sector Generated $4.82 In 2022 – NEPC - Companies in the non-oil export sector generated earnings worth $4.82bn in 2022, according to the Nigerian Export Promotion Council. Source Punch Read More

RMAFC Set for Allocation Formula Review, Trains Staff - The Revenue Mobilisation Allocation and Fiscal Commission has said that it is preparing selected officials for the process of reviewing the Horizontal Revenue Allocation Formula. Source Punch Read More

With Many Nigerians Paying N250-N400 for Petrol, Marketers, Economists, OPS Insist on Full Deregulation - With many Nigerians now paying as high as between N250 and N400 for a litre of petrol, fuel marketers, economists and the organised private sector (OPS) have again asked the federal government to hands off the regulation of the price of the product to allow market forces prevail. Source ThisDay Read More



What to Expect from the Market 160122 - Ahead of the release of the CPI report for Nigeria by the National Bureau of Statistics (NBS). Forecasts by Analysts suggest that Headline Inflation may have declined in December on the back of a slight appreciation in the Naira at the Parallel Market and a decline in food prices. Source Proshare Nigeria Read More


ASR Africa, BUA Foundation Approve N1.5bn Grant for Development Projects in Ibese, Igbobila, Ilaro, Others in Yewa Land - The Abdul Samad Rabiu Africa Initiative (ASR Africa) – the brainchild of Industrialist, philanthropist, and founder of BUA Group, Abdul Samad Rabiu, and the BUA Foundation have awarded development grants worth N1.5 billion to Yewa Land in Ogun State. Source BUA Read More

No Plan to Exit Nigeria Says Chevron - Chevron Nigeria Limited (CNL) has debunked the report alleging that it plans to exit Nigeria. Source Guardian Read More

NNPC To Spud First Oil Well in Nassarawa - The Nigerian National Petroleum Company Limited (NNPC) is set to spud the first oil well in Nassarawa State in March 2023. Source Guardian Read More



POS Operators Lament Poor Network, Failed Transactions - Point of sale (POS) operators and traders in Lagos have appealed to the Central Bank of Nigeria (CBN) and telecommunication companies to ensure uninterrupted service. Source Leadership Read More

Bitcoin Rises 5.6% to $21,044 - Bitcoin rose 5.58% to $21,044 at 2344 GMT on Saturday, adding $1,113 to its previous close. Source Reuters Read More

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