Subsidy payments, summer travels, students’ exodus worsen naira depreciation — Investigation
By Babajide Komolafe, Economy Editor The burden of under-recovery for fuel subsidy cost borne by the Nigeria National Petroleum Corporation, NNPC, Limited, and hence its inability to remit into the federation account, is a major factor worsening the prevailing acute scarcity of the dollar driving the continued depreciation of the naira. Other factors include increased forex […]
Gas shortages continue to pressure power sector
DESPITE its 202 trillion standard cubic feet, scf, gas reserves, Nigeria has not been able to harness enough of its gas for power generation, as a result of many challenges, including low investment, inadequate funding of projects and huge indebtedness to gas suppliers.
World oil demand to rise by 1.29 mb/d
THE Organisation of Petroleum Exporting Countries, OPEC, world oil demand has been projected to rise by1.29 million barrels per day, bpd in 2019.
Stock market in 2018: Investors’ loss peak at N1.9 trn Year to Date
A huge rally in the last trading day at the Nigerian Stock Exchange, NSE, yesterday which gained 1.27 perccent could not save the market from abysmal negative full year result. In the end the market recorded -17.8 percent loss for the year 2018.
Lessons from last Foreign Direct Investments report, way forward – Experts
Against the backdrop of consistent decline in Foreign Direct Investments (FDIs) as indicated by the latest report of the National Bureau of Statistics (NBS) on capital importation, economy experts have highlighted some of the lessons the fiscal authority should learn from the report to move the economy forward.
Seasonal spending, political campaign to push up inflation figures
IF analysts’ projections are anything to go by, the recent reversal in the inflationary developments in the economy towards uptick is set to be sustained not just in December 2018 but way into 2019.
Petrol price pressured in some parts of the country
THE average price paid by consumers for premium motor spirit, PMS, popularly known as petrol, increased to N147.50 in November 2018 from N147.20 in October 2018, the Nigeria Bureau of Statistic, NBS report has shown.
2019 Budget: Nigeria’s debt servicing ratio to worsen in 2019
There are indications that the country’s Debt Servicing-to-Revenue Ratio, DSRR, may worsen in 2019 following the plan to sustain borrowing in the new fiscal year.
Unemployed Nigerians increase by 3.3m to 20.9m — NBS
The number of unemployed Nigerians rose by 3.3 million to 20.9 million in the third quarter of 2018 (Q3’18), a report from the National Bureau of Statistics (NBS) has shown.
GENCOs doubt electricity improvement in 2019
THERE is palpable fear by electricity generation companies, GENCOs, that output may not improve in 2019. They had expected to see a working template from government for improved activities but which has not been made available.
South-East economy looks forward to 2nd Niger Bridge
THE Nigeria Sovereign Investment Authority, NSIA, has rolled-out the commercial and economic trajectories of its investment action on the second Niger Bridge, linking South East economic region to South West and Lagos.
GDP growth to sustain upward trajectory into Q4’18, Q1’19
Despite the persisting electioneering tension in Nigeria, the Gross Domestic Product, GDP, growth will be sustained going into fourth quarter 2018 (Q4’18) and first quarter 2019 (Q1’19).
