Tag Archives: Business & Economy

  “The government seems oblivious to the impending crisis. In its 2022 budget, less than 40 percent of revenues is earmarked for debt servicing. But the trend of lower than planned actual revenues means analysts hold the estimate with a pinch of salt” PEGASUS REPORTERS, LAGOS | FEBRUARY 14, 2022 The Financial Times Africa Editor, David Pilling, wrote an article ...

  “Africa cannot rapidly transit into electric vehicles, as the bulk of the vehicles on our roads today and in the next 20-30 years are going to be non-electric. There is the market, and we should not be discouraged from thinking positively”, the APPO scribe noted. PEGASUS REPORTERS, LAGOS | JANUARY 20, 2022 African Petroleum Producers Organisation (APPO) has said ...

  “It is unlikely that the CBN will allow a significant currency depreciation in an election year and one in which oil & gas export revenue is likely to rise by about 15%. Therefore, we believe that the official NGN/USD exchange rate will be about ₦430/$1 at the end of 2022″ PEGASUS REPORTERS, LAGOS | JANUARY 17, 2022 Full presentation ...

  “The plausible reason the government was ashamed to admit the use of QE is that while they are printing digital money which is the 1st half of QE, they are totally mismanaging the 2nd half because the government is neither buying back bonds nor bailing out ailing industries with QE”  By Nick Agule Within the last week, a war ...

  “So, I am constrained to conclude that this Fulani herdsmen crisis is more political than economic. When I remember how much I lost in the cause of pursuing this project, I am tempted to give up on Nigeria” One day, I was on a business trip to Bauchi and a friend asked me to make out a time and ...

  Important economic benefits to the country include that the Airshow will attract more than 20,000 trade visitors and journalists for three days from ninety countries, which in turn will provide an ROI and boost the economy. Pegasus Report The proposed Aerospace exhibition, Nigeria’s Aerospace, Aviation and Defence Exhibition the first in sub-Saharan Africa seems to have pegged-in as VOLGA ...

  “The performance appeared to have signaled an exit from the second recession” Source: Villa Updates Nigeria’s Gross Domestic Product (GDP) grew by 0.11 percent (year-on-year) in real terms in the fourth quarter of 2020 (Q4 2020), representing the first positive quarterly growth in the last three quarters, according to the National Bureau of Statistics (NBS). The performance appeared to ...

  It was reported that a total of 56.18 million NINs have been collected by the mobile network operators. Each NIN is usually tied to an average of 3 to 4 SIMs and this infers that the current figure accounts for a significant portion of the existing SIMs. NAN Report The ongoing National Identification Number (NIN) and Subscriber Identity Module ...

The company says “The ongoing contradictions are part of a natural commercial divergence [with the government], which will hopefully be resolved.” Intels Nigeria Ltd., an oil and gas logistics company, on Tuesday, denounced a statement by former Vice-president Abubakar Atiku that its business has been hindered by political influences from the present government as untrue according to a NAN report. ...

Marketers say 65 percent of the one million metric tonnes of cooking gas consumed in Nigeria annually is imported Marketers of cooking gas on Wednesday gave reason for the continuous  increase in the price of the commodity saying the blame is the fluctuating price in the international market. It will be recalled that consumers have been worrying why the price ...