Index to Nigerian Newspapers

OPEC and its allies have agreed to reduce production targets between January and December 2024 by 1.4 million barrels per day (bpd), bringing total production to 40.463 million bpd. Saudi Arabia announced a production cut of one million bpd, while other members extended earlier cuts until the end of the year. OPEC+ aims to achieve and sustain a stable oil market and adjust overall crude oil production to 40.46 mb/d from January 1 to December 2024. The OPEC and non-OPEC Ministerial Meeting reaffirmed the Joint Ministerial Monitoring Committee's mandate to review global oil market conditions, production levels, and conformity. The meeting emphasized the importance of adhering to full conformity and compensating countries producing above the required production level. The 36th OPEC and non-OPEC Ministerial Meeting is scheduled for November 26, 2023 in Vienna.tion.”

The Nigerian Exchange Group (NGX Group) is optimistic that President Bola Tinubu's policy direction will increase foreign investment in Nigeria. The group believes the new administration's readiness to remove fuel subsidies, unify exchange rates, and ensure investors and businesses repatriate dividends and profits will lead to more investment flows. Foreign transactions on the NGX have decreased by 38.5% since 2007, but the president's initial comments are expected to attract more foreign investments. Nigeria's growing population of young entrepreneurs, FMCG industry traction, and oil production are promising signs of growth in Nigeria and Africa. Nigerian Exchange CEO Temi Popoola expressed confidence in the new administration's ability to address forex constraints, despite declining trade volume due to forex constraints. He welcomed the International Court of Arbitration delegation and emphasized the importance of partnerships for capital raising.

The Nigerian Exchange Group (NGX Group) is optimistic that President Bola Tinubu's policy direction will increase foreign investment in Nigeria. The group believes the new administration's readiness to remove fuel subsidies, unify exchange rates, and ensure investors and businesses repatriate dividends and profits will lead to more investment flows. Foreign transactions on the NGX have decreased by 38.5% since 2007, but the president's initial comments are expected to attract more foreign investments. Nigeria's growing population of young entrepreneurs, FMCG industry traction, and oil production are promising signs of growth in Nigeria and Africa. Nigerian Exchange CEO Temi Popoola expressed confidence in the new administration's ability to address forex constraints, despite declining trade volume due to forex constraints. He welcomed the International Court of Arbitration delegation and emphasized the importance of partnerships for capital raising.