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Tag: decline

Business
Nigeria loses N636bn in revenue due to decline in oil production

Nigeria loses N636bn in revenue due to decline in oil production

June 24, 2024November 20, 2024 AGS

AGS NEWS – The continuous decline in Nigeria’s monthly oil production since January 2024 has led to a revenue loss of approximately N636.3 billion, according to findings by Sunday PUNCH. Data from a Federal Government agency revealed that Nigeria produced … Continue reading Nigeria loses N636bn in revenue due to decline in oil production

Business
Naira's decline to N1,416/$ leads to arrests of BDC operators

Naira’s decline to N1,416/$ leads to arrests of BDC operators

May 8, 2024November 20, 2024 AGS

AGS NEWS – Operatives of the Economic and Financial Crimes Commission (EFCC) reportedly conducted arrests at the bustling Wuse Zone 4 market on Tuesday, targeting Bureau De Change operators. Traders at the market claimed that some of the BDC operators … Continue reading Naira’s decline to N1,416/$ leads to arrests of BDC operators

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eNaira surges 284%, while traditional notes decline to N2.7tn - CBN

eNaira surges 284%, while traditional notes decline to N2.7tn – CBN

December 29, 2023November 20, 2024 AGS

The Central Bank of Nigeria (CBN) has reported a substantial surge of 284.6% in the volume of eNaira in circulation, reaching N9.78 billion in August, as revealed in the bank’s recently released ‘Economic Report’ for the same month. Traditional notes … Continue reading eNaira surges 284%, while traditional notes decline to N2.7tn – CBN

Technology
Apple's Q4 2023 shows fourth consecutive sales decline

Apple’s Q4 2023 shows fourth consecutive sales decline

November 13, 2023November 20, 2024 AGS

Sales numbers from Apple’s Q4 2023 show a fourth consecutive quarter of year-over-year declines, with $89.5 billion in sales, a 1% decrease compared to the same period last year. Despite the dip in sales, Apple‘s net income for the quarter … Continue reading Apple’s Q4 2023 shows fourth consecutive sales decline

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