Endangered CBN’s Anchor Borrowers’ Programme
For a country battling insecurity and facing severe food shortages, it is scary that a novel government programme to boost…
Category: Local
Nigeria And Realities Of Growing Debt Burden
Last week was a scary one for millions of Nigerians who have been impoverished by the government’s rising appetite for…
Petrol Landing Cost Hits N232, Subsidy Rises To N5.58bn Daily
The landing cost of Premium Motor Spirit being imported into Nigeria surged by more than 60 per cent between December…
NDIC Begins Payment Of Dividends To Depositors Of Liquidated Banks
The Nigeria Deposit Insurance Corporation (NDIC) has announced plans to commence payment of liquidation dividends to uninsured depositors, creditors and…
Nigeria Risks Losing $34bn In Annual Export Earnings – Report
A new study by Standard Chartered has said Nigeria risks losing $34.3bn in annual export earnings if it does not…
Nigeria Considers Equity Fund To Boost Growth, Stem Poverty
ABUJA — Nigeria is considering the set up of a private equity fund as part of its effort to fight…
Nigeria Faces Import Crisis As Reserves Hit 13-Month Low
Nigeria’s economy could be leaning against the wind as the country’s external reserves fell to a 13-month low last week,…
Oil Loses Steam With Traders Eyeing OPEC+ Supply Hike
Oil declined as investors assessed reports that Russia and other OPEC+ nations are considering increasing production. Futures in New York…
Highlights From World Bank’s Development Update On Nigeria
According to the World Bank’s recently published development update on Nigeria titled “Resilience through Reforms“, a number of factors led…
Nigeria Earned $34 Billion From Gas, Oil In 2019 – NEITI
Nigeria realised $34.22 billion from the oil and gas sector in 2019, the Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed in…
Nigerian President Tells MTN To Slash Data Tariffs, Improve Quality Of Service
Ghana’s biggest cocoa harvest in a decade is spurring record domestic borrowing by the industry regulator of the world’s no.…
An Oil Market Guide To What’s Next In Iran’s Nuclear Talks
Iran is set to usher in a new government headed by Ebrahim Raisi, an ultraconservative cleric wary of engaging with…
Lubricants Import Hits $500m, Hikes Maintenance Cost By 300%
Lack of refining capacity in Nigeria for basic fuels and other petroleum products has left the nation dependent on the…
Nigeria Loses $2.2b From Untapped Non-Oil Exports
The total untapped export potential for Nigeria’s non-oil exports stands at $2.2 billion, according to International Trade Centre (ITC) Export…
CBN Digital Currency’ll Deepen Financial Inclusion, Says FDC
Analysts at Financial Derivatives Company Limited, led by financial expert Bismarck Rewane, have said the planned introduction of a digital…
Average Airfare Increases By 18.90% In May – NBS
The National Bureau of Statistics (NBS) has said the average fare that air passengers paid for specified route single journey…
Should Rising Oil Prices Be A Problem For Nigeria?
Energy Recently, the GMD, Nigerian National Petroleum Corporation, Mallam Mele Kyari, asked Nigeria not to rejoice at the rising prices…
Naira Losing Strength As Ex-CBN Director Faults New FX Measures
The naira is losing its resistance against the dollar a few days after it gained some margin at the parallel…
Nigeria’s Oil Industry Is Struggling To Win Back Investors
Long overdue government legislation must come into place in Nigeria if the country hopes to reform its oil industry to…
Covid-19: Dubai Flight Restrictions Relaxed For Nigerians
Restrictions on direct flights between Nigeria and the United Arab Emirates caused by the use of rapid COVID-19 tests has…
Govt Removes Evans PLC, 3 Others From Stock Listing
The board of the Nigerian Stock Exchange, NGX, on Monday, announced the removal of Evans Medical Plc, Nigerian-German Chemicals Plc,…
Agricultural Imports Hit N3.1trn In 2 Years As Food Prices Surge
The rise in agricultural imports has continued unabated despite hundreds of billions of naira in funding backed by the Central…
FG Seeks Law To Regulate Social, Online Media
The federal government has asked the house of representatives to enact a law to regulate social and online media in…
FG Approves Resumption Of FCT Land Swap Scheme
The Federal Executive Council (FEC) has approved the resumption of the Federal Capital Development Authority (FCDA) land swap initiative which…
Cracking Nigeria’s Oil Subsidy Nut
Nigeria’s oil subsidy programme has unwittingly become a drag on the economy. When the price of the commodity rises on…
Buhari Flags Off NLNG Train 7, Targets $10bn Investments
President Muhammadu Buhari has flagged off the Train 7 project of the Nigerian Liquefied Natural Gas (NLNG) which is expected…
Nigeria Mobile Money Market Size, Share, Trends, Analysis And Forecast Report 2021-2026
Nigeria Mobile Money Market Analysis By Top Key Players – Cellulant Nigeria Limited, Ecobank Nigeria Limited (Ecobank Transnational Incorporated), Funds…
Shippers Organise To Influence Policies
Amidst growing concerns over arbitrary shipping charges and unfavourable policies, Nigeria’s shippers have set up a national structure to confront…
We Have Recovered $20m Worth Of Cryptocurrency From Internet Fraudsters – EFCC
THE Economic and Financial Crimes Commission (EFCC) said that it had recovered about $20 million worth of cryptocurrency from Internet…
Inflation Curbs Nigeria’s Growth, Fuels Crime – World Bank
Surging inflation is undermining the recovery of Africa’s biggest economy, pushing 7 million Nigerians into poverty and encouraging criminality as…