NGX’s Top 3 Gainers For The Month Of July 2022- Nigeria.
The Nigerian equity market is now on its second consecutive month of decline as it posted a negative performance; in…
Category: Local
Debt Management Office Lists Triple-Tranche Bonds On Nigerian Exchange
The Debt Management Office (DMO) has listed a triple-tranche of $4 billion Eurobonds, $1.25 billion Eurobonds; and N250 billion Sukuk…
FG To Increase Penalties For Gas Flaring.
The Federal Government through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Society of Petroleum Engineers (SPE) Nigeria Council has…
INEC Says Voter Registration Will Not Be Extended Beyond July 31.
The Independent National Electoral Commission (INEC) has warned that it will not extend the ongoing Continuous Voter Registration (CVR) which…
FG Says It Used $35 Million From Excess Crude Account To Purchase Offshore Patrol Vessels- Nigeria.
The Federal Government has responded to reports that the Excess Crude Account has dropped from $35.7 million to $376,655. The…
Central Bank Of Nigeria’s July 2022 Treasury Bills Auction Records 23% Oversubscription.
It is worth noting that, despite the rise in the interest rate, increased inflationary pressure to 18.6% in June 2022;…
Atiku Proposes $10 Billion Economic Stimulus Fund To Support Agriculture, Manufacturing And MSMEs- Nigeria.
Atiku Abubakar, the presidential candidate for the Peoples Democratic Party, has stated that within the first 100 days in office;…
Nigeria Has The Second Largest Market For Cryptocurrencies In Africa In 2022- Bitget Report.
A new cryptocurrency market report titled, “What Does the Future Hold for Crypto Exchanges,” has revealed that; in terms of the cryptocurrency…
Naira To Dollar Exchange Rate Falls To N685/$1 At Peer-To-Peer (P2P) Forex Market.
The exchange rate between the naira and the US dollar has fallen to a record low at N685.5/$1 at the…
FG Shuts Oil Firm Over Illegal Offshore Operations- Nigeria.
THE Federal Government has shut down Scorpion Oil Services for carrying out offshore operations without approval and also violating the…
Companies May Collapse Over Energy And Currency Crisis.
An economist, Bismark Riwane, and other experts have predicted that the high cost of power and diesel will lead to…
FG Reiterates Commitment To 2030 Renewable Energy Target-Nigeria.
The Minister of State for Power, Mr Goddy Jedy-Agba, has reiterated the Federal Government’s commitment; to the 2023 sustainable energy target. The…
Nigerians In Diaspora Contribute 4% Of GDP.
The Vice-chair, Chartered Institute of Personnel and Development, South London Branch, United Kingdom, Mr. Dayo Olomu, has said that Nigerians…
Nigerian FG Estimates Fuel Subsidy Payment Of N6.72 Trillion For 2023
The Nigerian FG has announced that the subsidy on petrol is estimated at N6.72 trillion for 2023, which would be…
Nigeria Positioned To Leverage $65Bn Art Market – Patrons
A Director of Patrons, an art advisory and dealership firm, Keturah Ovi;, says Nigeria has the capacity to tap into…
Nigeria Petrol Subsidy Seen Nearly 70% Higher At $16.2 Bln Next Year
Nigeria could spend up to 6.72 trillion naira ($16.2 billion) next year if it keeps a fuel subsidy in place;…
Euro Zone Business Activity Contracted In July As Price Rises Bite
Euro zone business activity unexpectedly contracted this month due to an accelerating downturn in manufacturing; and a near-stalling of service…
Buffett’s Berkshire Edges Closer To 20% Occidental Stake.
Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) purchased another 1.94 million shares of Occidental Petroleum Corp (OXY.N), giving it an $11.4…
Unilever’s India unit warns of higher prices as costs pressure margins
Hindustan Unilever Ltd, India’s largest consumer goods maker, warned on Tuesday that high inflation will dent its margins in the…
Exchange Rate Skyrockets To N644/$1 At Peer-To-Peer Market As Forex Scarcity Lingers.
Wednesday, 20th July 2022: The exchange rate between the naira and the US dollar closed at N426.58/$1; at the Investors…
Investors Of Nigerian Breweries Lose N27 Billion In A Trading Day.
Sustained sell pressure witnessed on shares of some blue-chip firms quoted on the Nigerian Exchange; has resulted in shareholders of…
Nigeria Can Unlock Non-Oil Export Opportunities, Says Ovia, Dangote, Others
Stakeholders, including Jim Ovia, founder and Chairman of Zenith Bank Plc; Aliko Dangote, chairman of Dangote Industries Limited, and Godwin…
China Fines Didi Global $1.2 Billion For Violating Data Security Laws.
China’s cybersecurity regulator fined Didi Global Inc $1.2 billion, concluding a probe that forced the ride-hailing leader; to delist from…
Darkness As Nigeria’s Electricity Grid Collapses Again, Sixth Time In 2022
Major Nigerian cities including the Federal Capital Territory were thrown into darkness on Wednesday when the country’s electricity grid collapsed. Electricity distribution…
NIN: Why Nigeria May Miss World Bank’s 148 Million National Identification Number Enrolment Target
There are strong indications that Nigeria may miss the World Bank’s target of 148 million enrollments for the National Identification…
Why The Black Market Is Holding The Naira Ransom
The naira continued to devalue against the dollar as it traded at N630 per dollar. However, the official market saw…
FG Completed 266 Ecological Projects Since 2015—Buhari
The President, Major General Muhammadu Buhari (retd.) revealed that the Federal Government; between 2015 and 2022, completed at least 266…
AfDB Board Approves Over $1Bn For Emergency Food Production Plan
The African Development Bank (AfDB) Group’s Board of Directors has approved 24; fast-track programmes to help the continent mitigate rising…
EFCC Extradites Nigerian Fraud Suspect On FBI’s Wanted List To US.
A wire fraud suspect, Fatade Idowu Olamilekan, who is on the wanted list of the Federal Bureau of Investigation (FBI)…
Buhari unveils NNPC Limited, agency halts FAAC remittances.
The Nigerian National Petroleum Company Limited on Tuesday made it clear that it would no longer remit any money; to…