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Markets
Nigerian corporates crowd Commercial Paper as IPO market freezes
With the primary equities market experiencing a prolonged chill, Nigerian corporate issuers are aggressively shifting their gaze toward the short-term debt capital market....
Oil & Gas
Nigeria taps Chevron, ExxonMobil for cooking gas relief
The Nigerian government is exploring partnerships with international oil giants, Chevron and ExxonMobil, in a bid to alleviate the persistent cooking gas shortages and soaring prices....
Editor | Oct 29, 2024
Economy
Nigeria’s GDP Rebasing: What it means beyond the numbers
Summary: As Nigeria prepares for its GDP and CPI rebasing in November 2024, the economy is expected to see a significant statistical boost, particularly from sectors like fintech, entertainment, and digital services....
Editor | Oct 28, 2024
Oil & Gas
Shell/Renaissance deal setback exposes crack in Nigeria's oil industry
An executive of global oil giant, Shell, once described Nigeria as the “jewel in the crown” of the oil major’s empire. Yet in recent years the jewel has lost its lustre....
Editor | Oct 28, 2024
Naira
Dollar funds' assets value nearly triple on naira devaluation
The net asset value of dollar funds rose to N1.67 trillion in the first nine months of 2024, from N550.5 billion reported in the corresponding period of 2023, according to BusinessDay analysis...
Editor | Oct 28, 2024
Economy
Economic Week Ahead: US GDP data & Nigeria PMI
The United States' third quarter GDP report is the biggest economic data release scheduled for this week with Stanbic IBTC's Nigeria's Purchasing Managers Index (PMI) ...
Editor | Oct 28, 2024
Election
Do we still need elections in Nigeria?
Elections are losing their values in Nigeria. They are becoming moribund and anachronistic. The question is why do we still pretend that elections are of any use in this country? ...
Editor | Oct 27, 2024
Oil & Gas
Four ways FX-starved Nigeria can boost oil output
On October 22, Wale Edun, finance minister and coordinating minister of the economy, told investors in Washington DC that Nigeria needed to raise oil production to address foreign exchange (FX) supply issues....
Editor | Oct 25, 2024
Economy
What can derail gains of Nigeria’s economic reforms?
Summary: Nigeria is at a critical juncture in its economic reform journey, but without pro-poor policies and efficient governance, the road to recovery remains rocky. ...
Editor | Oct 25, 2024
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