Tagged: Nigeria

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FG opens online portal for investors

264 Views The Federal Government has launched an up-to-date online portal, `iGuide Nigeria’, containing necessary information and relevant data for willing investors. The Minister of Trade and Investment, Mr Okechukwu Enelamah, at the launch...

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Macroeconomic Review- Q1 2018 and Outlook FY 2018

Global growth was stable in H1 ’17 despite some developments which had capacity to disrupt earlier projections at the beginning of the year. Fortunately, the concerns were allayed as political developments helped to curtail some self-seeking intrigues. Chief amongst these intrigues were; emergence of Donald Trump as the President elect of US and his much-dreaded protectionist agenda, the expectation of Brexit trigger of Article 50, rising political upheavals in Brazil and Persian Gulf. Fallout- the European Union for instance is enjoying political stability not seen in years and her economy is strengthening.

The Persian Gulf descended into the worst political crisis in foreseeable years after several countries, led by Saudi Arabia, decided to sever diplomatic ties with Qatar abruptly in early June. They also closed all borders with the country and imposed trade and travel bans. Saudi Arabia and its allies have issued 13 demands for Qatar to end the political and trade blockade, including the shutdown of broadcaster Al-Jazeera and to scale down its ties with Iran. The U.S. role in the crisis has been controversial as President Donald Trump endorsed the blockade, while some U.S. officials encouraged further dialog.

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Economic Brief: Nigerian Inflation eases to 15.13% in January 2018

303 ViewsThe National Bureau of Statistics (NBS) today (Wednesday, February 14th, 2018) released the Consumer Price Index (CPI) for January 2018. Much lower than our estimate of 15.40%, the inflation index dropped to 15.13%...

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Forte Oil Q3 PAT Drops By 35%

269 ViewsForte Oil Plc has recorded a 34.73 per cent decline in profit after tax for the third quarter ended September 30, 2016. The group in a filing with the Nigerian Stock Exchange (NSE)...

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Nigeria’s oil output falls below market estimate

261 ViewsThe crude oil production figure provided by Nigeria to the Organisation of Petroleum Exporting Countries for last month was 139,000 barrels per day lower than the estimate from secondary sources. Nigeria, which lost...

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Senate to review tax laws

303 ViewsThe Senate says it will work to streamline the nation’s multiple taxes in order to improve the ease of doing business. The Senate President, Dr. Bukola Saraki, gave this indication while speaking at...

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Lender Supports Lagos With N221m

288 ViewsWema Bank Plc has supported the Lagos State Government and the Justice Research Institute Limited with N20 million to deliver a world-class archiving service aimed at transforming record management in the Lagos State...