The Central Bank of Nigeria (CBN) has projected that the Nigerian economy will grow by 3.24 per cent in 2022, in spite of rising inflationary challenges occasioned by global socio-economic events. Mr Godwin Emefiele, the CBN Governor, made this known on Monday while presenting a communique from the apex...
dangote refinery
By EZEKIEL OBI, Abuja – The Federal Government says outcomes from the past edition of the Nigerian International Energy Summit (NIES) have been embraced and utilised by government, policy makers and oil and gas industry to effect development. Chief Timipre Sylva, Minister of State Petroleum Resources, made this known...
International Monetary Fund (IMF) says the Nigerian economy is recovering from a historic downturn benefiting from government policy support, rising oil prices and international financial assistance. IMF disclosed this in a statement issued from its headquarters in Washington D.C. on Monday. The organisation said Nigeria exited the recession in...
The Securities and Exchange Commission (SEC) has expressed the optimism of the capital market growth in 2022 due to its various initiatives. The Director-General of SEC, Mr Lamido Yuguda, said this in a statement released by the Commission in Abuja on Sunday. He expressed hope that as the restrictions...
Mr Osita Okechukwu, the Director-General, Voice of Nigeria (VON) has faulted claim by the opposition Peoples Democratic Party (PDP) of its plans to rescue Nigeria. He said that going by the antecedents of the PDP, it cannot be trusted to rescue Nigeria . “How can Nigerians trust our sister...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has backed the Federal Government’s plan to remove subsidy on Premium Motor Spirit (PMS), also known as petrol by 2021. IPMAN’s President, Mr Chinedu Okoronkwo, told the News Agency of Nigeria (NAN) on Friday in Lagos that the Petroleum Industry Act...