Airtel suffers $549m FX loss over currency devaluations in Nigeria, Malawi
Nigeria’s second-largest telecom operator, Airtel Africa Plc, has disclosed a loss after tax of $89m for its full year ending ...
Thursday, December 26, 2024
Tag: Nigeria
Floods, currency devaluation set to propel Nigeria’s inflation in 2025
Inflation in Nigeria has been predicted to remain high in 2025 due to sporadic flooding and difficult terrain for the ...
Nigeria loses $9.2bn annually to foreign shipowners, say experts
Maritime experts have said that Nigeria is losing a sum of $9.2bn annually to foreign shipping lines that are handling ...
Nigeria’s poor growth will weaken W’Africa’s economy – World Bank
The World Bank has said that the lower-than-average growth in Nigeria will hold back the sub-region’s economic performance. The Washington-based ...
Nigeria’s oil production drops again, now 1.23mbpd – OPEC
Nigeria’s crude oil production witnessed the second consecutive monthly decline since the beginning of this year, as it dropped to ...
Nigeria gets Afreximbank’s $1bn loan in May
Nigeria is set to receive a $1.05bn syndicated loan backed by oil from the African Export-Import Bank next month. The ...
50% of Shell’s gas flaring occurred in Nigeria –Report
Oil and gas giant, Shell Plc, has said around 50 per cent of total routine and non-routine flaring in its ...
Nigeria’s functional oil drilling rigs rise to 16 – OPEC
The number of functional oil drilling rigs across the country increased marginally to 16 in February, data from the latest ...
Nigeria’s containerised exports rise by 44.43% to 226,456 – NPA
The Nigerian Ports Authority has disclosed that containerised exports rose by 44.43 per cent to 226,456 twenty equivalent units in ...
Nigeria’s agric exports facing rejections overseas – WTO DG
The World Trade Organisation says Nigeria has lost its leading position in the agriculture export markets because its agricultural commodities ...
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