Goddy Ikeh
The price of OPEC basket of 12 crudes stood at $73.91 a barrel on Friday December 27, 2024, compared with $73.92 the previous day, according to OPEC Secretariat calculations.
The President of the AfreximBank, Prof. Benedict Okey Oramah, says that the Bank has intensified the push for more empowerment opportunities for youths in Africa, insisting that the future and relevance of the continent in global socio-economic discussions lies in its youths.
Nigerian President Bola Tinubu has expressed joy and hailed the management of the Nigerian National Petroleum Company Ltd. (NNPCL) for the re-opening of the Warri Refining and Petrochemical Company (WRPC).
The Nigerian National Petroleum Company Limited (NNPCL) has announced that the 125,000-barrel-per-day Warri Refining & Petrochemicals Company (WRPC) in Warri, Delta State, is now operational.
The Central Bank of Nigeria has attributed the significant decline in oil revenue for the third quarter of 2024 to ageing pipeline infrastructure and operational inefficiencies.
Nigeria’s Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole, has assured manufacturers that the country’s free trade zones are designed to accelerate exports and not to harm local manufacturers.
The Chief Executive Officer of the firm, Mrs Tokunbo Chiedu, said in a statement on Saturday that the dual-country initiative, spanning Kenya and Tanzania was aimed at unlocking the African Continental Free Trade Area opportunities for women and youths, by leveraging regional value chains and fostering business linkages.
The World Bank has fully disbursed a $1.5bn loan to Nigeria following the government’s implementation of key reforms, including the removal of petrol subsidies and the introduction of comprehensive tax policies.
The African Development Bank has revealed that the continent loses about $1.6bn every day to illicit financial flows and profit shifting on the part of multinationals operating in Africa.
The Nigerian Exchange recorded a decline in total transactions in November 2024, dropping by 12.01 per cent to N442.34bn compared to N502.73bn in October 2024.