Likewise, Financial Derivatives Company Limited, a financial institution, in its recent Economic Report for 2022, expressed a firm belief that Dangote Refinery would boost the growth of the downstream sector of the economy and enhance petroleum products distribution across Africa.
He said it “is indicative of the recovery being recorded in our economy and the confidence that is being shown through the policies”
The event themed ‘Leveraging Exports for Business Growth: Strategy and Resources for Small Businesses will have key industry experts in banking, international trade and finance and business ethics as panelists. This is the fourth edition of the webinar.
More so, we are a huge player in AfCFTA to assist in making Nigerian entrepreneurs become Pan African multinationals. As Nigerians, we must tell our story; Nigeria is the largest economy in Africa and as at today, Africa provides the best investment opportunities globally, we should turn our concerns to opportunities. As the country increases its exports, it will improve foreign exchange earnings, widen employment base, further support industries and a more stable Gross Domestic Product (GDP)” he advised.
The Special Assistant on Media to the Executive Director/CEO, Joshua Olomu, made this known in a report on Saturday.
The key projects are being executed under the Presidential Infrastructure Development Fund (PIDF).
Other sources meant to finance deficit budget are N90.73 billion from Privatisation Proceeds and N1.16 trillion drawdowns on loans
The oil benchmark for the 2022 appropriation is $57 per barrel, while the exchange rate is N410.5 per dollar in the budget proposal titled, “Budget of Economic Growth and Sustainability”.
The National Long-Term Rating has been upgraded to ‘BBB(nga)’ from ‘BBB-(nga)’.
While researching this piece, we came across a 2010 article on Business Insider which spoke about how the focus on Brazil, Russia, India and China (The BRIC’S) might be old news and, in fact, the next decade was going to be about the likes of Mexico, Australia, Vietnam, Indonesia, Nigeria and South Africa.
Lawan stated this on Tuesday in a speech delivered to welcome Senators back from the upper chamber’s two-month annual recess.
This was revealed by the Commissioner for Budget and Planning, Olaolu Olabimtan while giving the overview and breakdown of the 2022-2024 Medium Term Expenditure Framework (MTEF) for the state during the plenary of the State House of Assembly, where he also responded to several questions from the lawmakers on the component of the document at the Assembly Complex, Oke-Mosan Abeokuta.
According to the bank’s audited half-year financial results presented to the Nigerian Exchange (NGX), the Group recorded a growth in profit before tax of three per cent from NGN114 billion reported in H1 2020 to NGN117 billion in H1 2021.
Okoh said this in a statement issued on Friday by BPE’s Head of Public Communications, Amina Othman.
This is according to the second-quarter GDP report released by the National Bureau of Statistics (NBS), on its website, Thursday.
Sylva added that crude oil exports represented about 86 per cent of total export earnings, while the actual government revenue from the sector is 40 per cent.
The DPR stated this just as some oil and gas experts have advocated for a measure from the government that will ensure that Nigeria gets commensurate value from its abundant oil and gas resources like its fellow oil producing nations.
Buhari disclosed this while performing the inauguration of Falcon Eye Project, the Nigerian Navy’s Strategic Maritime Surveillance System, on Tuesday at the Naval Headquarters, Abuja.
The Director and Chief Executive Officer of DPR, Sarki Auwalu, made the suggestion while presenting a keynote address at the 20th Nigeria oil and gas conference in Abuja.
UNCTAD in a report jointly issued with the UN World Tourism Organisation stated that the estimate was based on losses caused by the pandemic’s direct impact on tourism and the ripple effect on related sectors.