Nigeria’s oil output rose by four per cent month-on-month, MoM, to 1.235 million barrels per day, mb/d in December 2022, from 1.186 mb/d in November 2022. On Year-on-Year, YoY performance, the nation’s oil output also increased to 1.235 mb/d in December 2022, from 1.197 mb/d in the corresponding period of[Read More…]
Author: Godwin Anyebe
Subsidy: Fed Govt Borrowing To Import Fuel – Minister
The Federal Government has said it sometimes borrows funds to buy petrol as the country continues to incur rising fuel subsidy bills. The government also confirmed that there was a possibility of global economic recession this year, but stressed that Nigeria’s foreign exchange reserves were healthy enough to withstand the[Read More…]
FCCPC to collaborate with SON, NAFDAC to enforce regulation, penalties
The Federal Competition and Consumer Protection Commission (FCCPC), through Babatunde Irukera, the Vice Chairman and Chief Executive Officer, said the commission moved into the 2023 activities with a plan to enforce more penalties. The Commission boss noted that there would be more collaboration with Standards Organisation of Nigeria (SON) and[Read More…]
McEnies Global Communications begins 2023 on a high note ….emerges Event and PR Agency of the Year at Brand Impact Awards
An upwardly mobile wholly owned Nigerian company with vast expertise in strategic, integrated marketing services and digital marketing, McEnies Global Communication has begun 2023 on a high by emerging Event and PR Agency of the Year at Brand Impact Awards 2022. The award was organized to celebrate the first anniversary[Read More…]
Oil Prices Set For $105 On Global Demand Growth
Solid growth in global oil demand is set to drive oil prices to above $100 this year and Brent Crude could trade at $105 per barrel by the fourth quarter. However, the oil market is expected to return to deficit in the second half of the year. China’s re-opening and[Read More…]
FG Disburses N173bn For Uniform Fuel Price Nationwide
The Federal Government disbursed about N173.2bn for the equalisation of over 11.6 billion litres of Premium Motor Spirit, popularly called petrol, between 2019 and 2022, data obtained from the Federal Ministry of Petroleum Resources showed. PMS price equalisation is done by the Federal Government through the Nigerian Midstream and Downstream[Read More…]
Export Intervention Loans Now N44bn
The Central Bank of Nigeria’s intervention funds under its Export Facilitation Initiative rose to N44.58bn in October 2022. The bank disclosed this in statements released on its last Monetary Policy Committee meeting in 2022. “Under the Export Facilitation Initiative, the Bank provided support for export-oriented projects to the tune of[Read More…]
Banks, Customers Must Approach 2023 With Partnership Mindset – Adeduntan
The Managing Director/Chief Executive Officer of First Bank Nigeria Limited, Dr. Adesola Adeduntan, in this interview with THISDAY reviewed the performance of the global economy in 2022 and advised businesses and their bankers to approach 2023 with a partnership mindset to ensure that a win-win outcome is achieved despite the[Read More…]
EXMAN Expresses optimistimsm for 2023
As practitioners in the Integrated Marketing Communications Industry gradually settle into the New Year, President of the Experiential Marketers Association of Nigeria, EXMAN, Mr. Tunji Adeyinka has expressed optimism for the year 2023. Adeyinka’s view is in tandem with most professionals as they have continued to demonstrate resilience and doggedness[Read More…]
Despite difficult times, firstbank exited families with unique “DECEMBERISSAVYBE” experiences
It was glitz and glamour as the premier and leading financial institution in the country, FirstBank thrilled their customer to a memorable “DecemberIssaVybe” at the just concluded Vibe on the Beach, featuring sensational music act, Ayodeji Ibrahim Balogun widely known as Big Wiz. The timing of the concert was right,[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]