NLC says FG making $40 per barrel above $75 benchmark, bemoans rising fuel prices
… Calls for wage award to cushion the effect on workers
… Describes crude imports by local refineries as unacceptable
The Nigeria Labour Congress (NLC) has revealed that the federal government is currently earning about $40 per!-->!-->!-->!-->!-->!-->!-->…
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NCDMB Hosts 5th Edition of Book Reading Programme, Tasks Nigerians on Culture of Learning
It was a celebration of literary culture and journalistic excellence at the Conference Centre of the Nigerian Content Tower (NCT), Swali, Yenagoa, on Tuesday, as leading lights of the Association of Nigerian Authors (ANA), Bayelsa!-->!-->!-->…
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NMDPRA targets $10bn gas investments through de-risking
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, is targeting up to $10 billion in gas investments through its Midstream and Downstream Gas Infrastructure Fund, MDGIF, which has deployed about $300 million!-->!-->!-->…
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I was wrong to delay telcos’ entry into financial services – Sanusi
…Says banks lack footprint to reach millions; fintechs are bridging the gap
…Financial inclusion must protect Nigerians from shocks, not just move money
…Calls for financial products built around Nigerians’ everyday transactions
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Fitch Flags Debt, Liquidity Risks in Nigeria’s Proposed $5bn Total Return Swap Deal
Fitch Ratings has warned that Nigeria’s proposed $5 billion Total Return Swap (TRS) could create significant risks for the country’s debt management, liquidity position and potential future debt restructuring.
The warning was!-->!-->!-->!-->!-->…
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Tinubu okays economic free trade zone in Anambra
President Bola Tinubu has graciously approved the Economic Free Trade Zone in Anambra State to drive the economy as announced by the state government.
This was disclosed yesterday at the Hollywood event center in Awka, Anambra!-->!-->!-->!-->!-->…
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Union threatens strike over use of petroleum tankers for edible oil
The National Union of Edible Oil Tanker Drivers of Nigeria (NUEOTDN) has threatened to embark on strike over the growing use of petroleum tankers to transport edible oil. It warned that residue from such tankers exposes consumers to!-->!-->!-->…
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OPEC Sees Jet Fuel, LPG, Diesel Driving Global Oil Demand Growth To 2050
Global oil demand growth through 2050 is expected to be driven largely by light and middle distillates, with jet fuel, LPG, diesel and other products accounting for the bulk of the projected increase, the Organisation of the Petroleum!-->!-->!-->…
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UK: Inflation increases to 3.1% after spike in petrol prices
Surging fuel prices helped drive UK inflation higher again last month, according to official figures.
The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation increased to 3.1% in August, compared with!-->!-->!-->!-->!-->…
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Fitch warns Nigeria’s $5 billion TRS debt restructuring raises debt, liquidity risks
Fitch Ratings has raised concerns over Nigeria’s use of Total Return Swaps (TRS) and repo transactions as alternative financing tools, warning that the structures could create transparency, liquidity, and creditor-recovery risks!-->!-->!-->…
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