Nigeria: Flashy GDP Data And The Broken Window Fallacy
Nigeria, like any other economy, maybe climbing out of the deep hole. Nothing understates this better than the recent recovery…
Category: Local
6 Years After Selling Stakes In Dangote Flour Mills, Tiger Brands Agrees To Divest From UAC Foods
Tiger Brands, a South African food company, has reached an agreement with UAC of Nigeria Plc (UACN) to sell its…
Atedo Peterside Doubts Nigeria’s NNPC N287bn Profit, Challenges Corporation
Founder of IBTC Stanbic Bank, Atedo Peterside, has challenged the Nigerian National Petroleum Corporation to clarify allegations that it dipped…
Nigeria: NGX Creates Hybrid Market, Access To Capital Via Bonds
It is believed that the short term funding profile of the money market makes it unsuitable for project infrastructure investment…
Nigeria: Forex Transactions At Investors, Exporters’ Window Rise 59.37%
Foreign exchange transactions at the Investors’ & Exporters window increased by 59.37 per cent last week, according to FMDQ Securities…
Nigeria: Exchange To Create Standardised Derivatives Market
There is no gainsaying that the capital market is a critical pillar to long term fund mobilisation needed for capital formation…
Nigeria: Exchange, NGCL To Create Standardised Derivatives Market
Ahead of the planned launch of Exchange Traded Derivatives (ETDs) in the Nigerian capital market, the Nigerian Exchange Limited (NGX)…
NIPOST To Clamp Down On Unlicensed Courier, Logistics Operators
The Courier and Logistics Regulatory Department (CLRD) of the Nigerian Postal Service (NIPOST) is set to clamp down on illegal…
FG Loses N5 Trillion To Open Ended Import Waivers, Says Minister
The Federal Government has lost over N5 trillion to open – ended import duty waivers granted to companies and manufacturers…
$2bn Tax Remittance: MTN Nigeria Complying With Payment Plan, Says Zainab Ahmed
Zainab Ahmed, minister of finance, budget and national planning, says MTN Nigeria has a payment plan with the Federal Inland…
France Ready To Market Nigeria Back Home-Ambassador
The France Ambassador to Nigeria, Jerome Pasquire, has said his country is fully committed to not only supporting the Nigeria…
Investments In 4G Drops 7 Percent As NCC Assures Of 5G Deployment
Investments in Fourth Generation (4G) in Nigeria and Africa dropped by seven per cent in 2020, the International Telecommunications Union…
Nigeria: FG to Pay Arrears of Minimum Wage To Varsity Staff October
The federal government has given an undertaken to clear the arrears of the consequential adjustment on the new minimum wage…
Nigeria: Elevated CRR Level Moderated Banking Industry’s Performance, Liquidity Position In FY 2020
The Nigerian banking industry would have recorded a return on average equity (ROE) of 31.6 per cent if not for…
Nigeria:CIBN Canvasses Tax Expansion To Improve Revenue
The Chartered Institute of Bankers of Nigeria (CIBN), Lagos State chapter has suggested the restructuring of existing systems for tax…
Nigeria’s GDP Grows Further By 5.01% In Q2 2021
Nigeria’s Gross Domestic Product (GDP) grew by 5.01% (year-on-year) in real terms in the second quarter of 2021, marking three…
Nigeria: Troubles Ahead, Experts Warn As Debt Servicing Gulps 91% Of Revenue
The Federal Government spent N2.02tn on debt servicing in the first six months of this year. This figure represents 90.58…
Nigeria: NNPC Records N287bn As 2020 PAT
President Muhammadu Buhari, has announced a N287 billion profit after tax for the Nigerian National Petroleum Corporation (NNPC) in the…
Nigeria:Stock Market Rebounds As Capitalisation Rises By N15 Billion
As price gains outweighed losses, transactions on the equities sector of the Nigerian Exchange Limited (NGX) closed in an upbeat…
Nigeria’s Economy Grows 5% In Q2 2021 — Strongest Since 2014
Nigeria’s gross domestic product (GDP) increased by 5.01 percent in the second quarter of 2021 — strongest growth since fourth…
Oil Rally Ends Amid COVID-19 Concerns, Returning Supply
Oil fell on Thursday for the first session this week as renewed concerns about demand amid rising COVID-19 infections cut…
NNPC Pegs 2022 Base Oil Price At $57/Barrel
The Nigerian National Petroleum Corporation on Wednesday provided a base crude oil price scenario in the medium term, stating that…
Nigeria: Importation Of Petroleum Products Will Soon Be Over
Nigerian National Petroleum Corporation (NNPC), yesterday, assured Nigerians that the importation of petroleum products into the country would soon be…
Nigeria: Stakeholders Proffer Solution To Better Intra-African Trade
As Africa gears toward the implementation of the African Continental Free Trade Area (AfCFTA) agreement, stakeholders at a virtual event…
Nigeria: CBN Threatens Prosecution Of Forex Policy Defaulters
Banks have warned that defaulters of the new foreign exchange policy may face criminal prosecution by the Central Bank of…
Nigeria: At N513m, Securities Lending On NGX Hits Historical Record
The Nigerian Exchange (NGX) Limited has disclosed that value of Securities Lending market increased to N513million as at 20 August…
Nigerian E-Naira Currency Could Be A ‘Game Changer’ But Banks Will Have To Adapt
Nigeria is set to test a central bank digital currency from October, a move that could reshape the country’s financial landscape…
CBN, Bankers Committee Have More Money For Creative Industry
The Central Bank of Nigeria (CBN) led by Godwin Emefiele, its governor, and the bankers committee still have more money for the…
Nigerian Tax Tribunal Orders Multichoice To Pay 50% Of Disputed $4.4 Bln Tax Bill
A Nigerian tax tribunal ordered the local unit of South Africa’s pay-TV company Multichoice to pay 50% of a disputed…
Group Blames FG As Saudi Arabia Recruits Nigerian Doctors
THE Federal Government on Monday feigned ignorance as a firm concluded arrangement to recruit Nigerian doctors for Saudi Arabia. The…