The natural gas market in Nigeria is very profitable for local companies. There is a considerable domestic demand for gas in Nigeria. This country is also home to many gas-fired power plants, which are constantly under-utilized. The government has begun building a nationwide distribution system for gas. This should improve the supply of gas to…
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Stablecoin in Nigeria
If you’re looking for a reliable way to exchange your cryptocurrency, you might want to use a stablecoin in Nigeria. Stablecoins offer a range of benefits to traders, including security from price fluctuations and time to sort out banking issues. Despite these benefits, moving your wealth from Bitcoin to stablecoins is still a risky proposition….
Steel market in Nigeria
The steel market in Nigeria is one of the most neglected sectors in the country. It has been neglected for years, and successive governments have done little to resuscitate it. Inaction has led to half-baked privatisation plans and non-functioning steel firms in Aladja, Delta State, and Ajaokuta, Kogi State. Meanwhile, the country continues to spend…
Forex earnings in Nigeria
The lack of forex supply in Nigeria is one of the major reasons why the country is struggling with forex earnings. Nigeria is heavily dependent on crude oil export proceeds and foreign borrowings. As a result, the country’s currency has experienced significant volatility and devaluations in the past. Recent developments have made the situation even…