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Business News Nigeria | Daily Updates | Businessday.ng
Nigeria , Morocco, ECOWAS drive $26 bn African Gas Pipeline initiative. BusinessDay Nov 05, 2024. Nigerian Government, the Economic Community of West African States, alongside Morocco and Mauritania, have expressed their commitment to push forward...
Nigeria oil deals no match for smaller African countries’
1 day ago · November 14, 2024. Nigeria is struggling with declining oil production and a complex regulatory environment while smaller African nations sweeten their own deals, lowering operational costs to keep overseas companies’ oil and gas output flowing. From Angola to Congo, governments are adjusting terms to lure picky investors who are increasingly ...
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Aradel to pay N34.8 billion interim dividend less than a month after listing. In nine months in 2024, Aradel Holdings posted a net profit of N110.6 billion, marking a 477 percent year-on-year growth, from the N19.2 billion recorded in the corresponding period in 2023.
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Nigeria to widen tax net over revenue shortfall - Businessday NG
Sep 26, 2024 · Ghana’s tax to GDP is estimated at 14 percent. Rwanda is currently at 24 percent, while Kenya’s is 14.3 percent, says the World Bank. Nigeria’s total public debt stood at N121. 67 trillion in the first quarter of 2024, from N97. 34 trillion in the fourth quarter (Q4) of 2023. Read also: Ministers jittery as Tinubu hints on cabinet reshuffle.
BD Currency Update | Latest FX update
Nigerians expect lower inflation but hold back on big-ticket purchases. The Consumer Expectations Survey by the Central Bank of Nigeria (CBN) reveals an optimistic outlook among Nigerian consumers on... Naira hits record low of N1,689.88 as FX turnover drops. Naira hit an all-time low of N1,689.88 per dollar on Tuesday in the official FX market ...
More businesses seen shutting down as uncertainties mount
Feb 14, 2024 · The rise in uncertainty in Nigeria’s macroeconomic environment is on course to further dampen business activities, with some more firms seen closing up shop this year.. Unstable macroeconomic indicators have affected the medium and long-term plans of many businesses, a situation experts said could drive down profitability, lead to more job losses, low tax revenue, threaten the survival rate ...
BusinessDay Pro - Tracking Trends, Informing Decisions
Aradel to pay N34.8 billion interim dividend less than a month after listing. In nine months in 2024, Aradel Holdings posted a net profit of N110.6 billion, marking a 477 percent year-on-year growth, from the N19.2 billion recorded in the corresponding period in 2023.
Nigeria’s economy on track to hit $400bn by 2026, says Rewane
Sep 20, 2024 · Bismarck Rewane, the managing director of Financial Derivatives Company has forecast Nigeria’s gross domestic product (GDP) to hit $400 billion by 2026, making it the second largest in Sub-Saharan Africa.. Rewane revealed this at the Access Bank Customer Forum held in Lagos on Thursday, projecting the country’s GDP to …