Zainab Iwayemi
1662 articles published since 07 Jul 2023
1662 articles published since 07 Jul 2023
The organized private sector is worried that this could make bad loans in different deposit money banks worse following the recent decision of the MPC.
According to Yemi Cardoso, the governor of the CBN, the need for foreign currency will decline after petroleum products are taken out of the Dangote Refinery.
Benedict Oramah, president of African Export-Import Bank, described the previous year as noteworthy for the bank and its operations throughout Africa.
The selection process for substantive directors commenced to fill the positions of those relieved by CBN of their roles, including some who resigned 11 months ago.
According to NERC, 1,220,245 complaints were made through its customer complaints units in 2023, with overbilling and metering being the majority of the complaints.
NECA President feels that eliminating fuel subsidies completely and possibly extending subsidies to other sectors of the economy would be the best course of action.
Africa has vast oil deposits, particularly in Nigeria, Angola, and Algeria, but most of the crude oil is exported since there isn't enough technology to refine it.
From N2.72trn in 2022 to N3.5trn in 2023, the total value of financial institutions included in the national accounts grew by 28.8% yearly, or 4.6% of GDP.
Foreign financiers who were expected to contribute to the construction of about twenty modular refineries in Nigeria have withheld their payments.
Zainab Iwayemi
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