IMF Projects Nigeria’s Economy To Grow By 3.2% In 2025, Inflation …
Oct 23, 2024 · The International Monetary Fund (IMF) has forecasted that Nigeria’s economy will grow by 3.2% in 2025, while inflation is expected to decrease to 25% that same year. This was revealed in the IMF’s latest World Economic Outlook (WEO) report, which also projects global economic growth to remain steady at 3.2% in 2025, unchanged from 2024. […]
FG Approves 2025-2027 MTEF, Sets 2025 Budget at N47.9tn
Nov 15, 2024 · The Federal Executive Council (FEC) has approved the Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) for 2025–2027, proposing a budget of N47.9 trillion for 2025.
Experts Predict Further Naira Devaluation In 2025
Oct 22, 2024 · Matthew Ryan, Head of Market Strategy at Ebury, forecasts further depreciation of the Naira in 2025, though less severe than the declines seen in 2023 and 2024. In an interview with CNBC Africa, Ryan highlights Nigeria’s foreign reserves, oil prices at $74 per barrel, and a narrowed gap between official and parallel market exchange rates […]
Nigeria Attracts Major Oil Investment With Shell’s $5 Billion Bonga ...
Dec 27, 2024 · Nigeria’s oil sector continues to attract significant investments, with Shell’s approval of a $5 billion Final Investment Decision (FID) for the Bonga North Deep Offshore project. This move highlights the country’s growing appeal as a destination for international oil companies (IOCs) and underscores the positive impact of ongoing economic reforms.
The Latest Business News In Nigeria Today
BizWatchNigeria.ng points you to the latest business news, financial news. Exclusive news & intelligence on your business sectors
2 | Summary of Key Provisions of the Companies and Allied Matters Act 22 and their Implications The Companies and Allied Matters Act (CAMA), which is Nigeria’s major business legislation was first introduced in 1990 and provides for the nature of …
Interest Rate On Nigerian Treasury Bill Increases To 21.45%
Mar 7, 2024 · Subsequent to an interest rate hike during its policy committee meeting in February 2024, the Central Bank of Nigeria (CBN) has raised the spot interest rate on the 36-day Treasury bills (NTB) instrument to around 21.50%. Analysts had anticipated that rates on government borrowing instruments will repricing due to the high interest rate environment. After […]
Nigerian Banks With Reportedly Lower Entry-Level Salaries As At …
Oct 3, 2024 · This article showcases the banking institutions allegedly offering the most modest starting salaries, with a maximum cap of 350,000 Naira. It is important to note that salary structures can vary significantly based on multiple factors. This information is derived from publicly available data and should be considered a general overview. Polaris Bank – NGN270k+ and […]
Oba Otudeko Displaces Otedola As First Bank’s Largest Shareholder
Jul 9, 2023 · Oba Otudeko’s Honeywell Group has reportedly bought the largest shares of First Bank of Nigeria Holdings Plc in a cross deal worth N87.8 billion, displacing billionaire Femi Otedola. The shares which Otudeko bought at N19 per unit are the largest volume of First Bank shares traded in a single day since 2012 when the stock […]
Here’s What You Should Know About NNPC Limited
Jul 19, 2022 · The creation of the NNPC Limited follows a decrease in crude oil production in 2022 compared to the same six-month period in 2020 and...