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Hot SourceNigerian crude headed for its largest weekly gain since June after US sanctions on major Russian producers rocked the market, increasing the likelihood of supply disruptions and increased demand for alternative grades. Nigeria’s flagship light sweet crude oil grade, known as Bonny Light (API gravity ~32.9°, low sulfur content), is mostly produced in the […]
The post Bonny Light boom: Nigerian crude set for biggest weekly surge since June rally appeared first on Nairametrics.
Hot SourceHigh ferry fares remain a major obstacle to the widespread adoption of inland water transport in Lagos, despite the system’s potential to ease the city’s chronic traffic congestion, experts have said. Although waterways account for about 22% of Lagos’ landmass, linking 15 of the state’s 20 local government areas, ferries remain out of reach for […] The post Lagos water transport: High fares threaten potential amid €410 million Omi Eko push appeared first on Nairametrics.
Hot SourceNigeria’s fiscal deficit rose sharply to N13.51 trillion in 2024, exceeding the government’s target and pushing the deficit-to-GDP ratio above the legal threshold set by the Fiscal Responsibility Act (FRA) 2007. The post Nigeria’s fiscal deficit widens to N13.5 trillion in 2024 – Budget Office appeared first on Nairametrics.
