GDP report, old naira notes circulation... business stories to track this week

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Belgique Dernières Nouvelles,Belgique Actualités

Here are the seven top business stories you need to track this week — October 28 to November 1. GDP report, old naira notes circulation, NBS rebasing GDP and CPI.

The National Bureau of Statistics is expected to release the report on the country’s annual gross domestic product for the third quarter of 2024.– higher than the 2.51 percent recorded in Q2 2023 and 2.98 percent in Q1 2024.plans to rebaseAdeyemi Adeniran, statistician general of the federation and chief executive officer of NBS, spoke on Thursday at a press briefing in Abuja.

He also said the CBN moved to a willing buyer, willing seller, market-based pricing mechanism for foreign exchange .FG DIRECTS NNPC, LOCAL PRODUCERS TO HALT LPG EXPORTS BY NOVEMBER 1Speaking during a meeting with stakeholders on Tuesday in Abuja, Ekperikpe Ekpo, minister of state petroleum resources , said the directive was given due to the price hike of LPG, also known as cooking gas.

Ekpo said NNPC and local producers can either stop exporting the product or import equal volumes of exported LPG at cost-reflective prices.President Bola Tinubu says Nigerianspremium motor spirit , also known as petrol, at N1,000 per litre or compressed natural gas at N200 per standard cubic meter.

 

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Belgique Dernières Nouvelles, Belgique Actualités