Banks To Remain Resilient Despite Inflation, Currency Headwinds’
Vetiva Research has predicted that the banking sector will remain resilient despite high inflation and currency headwinds, projecting that banks’…
Category: Local
UAE Rejects Extension Of OPEC+ Oil Production Deal To End-2022
The United Arab Emirates said it rejects a plan by other members of OPEC+ to extend the group’s agreement to…
NIMASA Introduces New Certificates Of Ship Registration
The Nigerian Maritime Administration and Safety Agency (NIMASA) has begun issuance of new certificates of ship registration. The agency is…
FG Moves To Tackle Underage Gaming
ABUJA–THE Federal Government through the National Lottery Regulatory Commission, NLRC, has concluded plans to organize a conference to look into…
Nigeria Looking To Mix Of Chinese And European Lending For Rail Projects
Nigeria is negotiating a mix of loans from Chinese and European lenders to fund railway projects in the country, transportation…
Nigeria’s Finance Minister Projects Sturdier Expansion Up To 2024
(MENAFN) Nigeria’s finance minister Zainab Ahmed has stated that the nation is projected to exit an economic recession mostly blamed…
SEC Issues Interoperability Framework Among CSDs
The Securities and Exchange Commission has issued an Interoperability/Financial Markets Infrastructure Link Framework among Central Securities Depositories to enhance the efficiency of…
H2 Outlook: Analysts Tip Non-Oil Sector To Drive Growth As GDP Eyes 2.63% Y/Y
The non-oil sector has been tipped to drive the economy in the second half of 2021. Inflation which has maintained…
Gas Marketers: Naira Devaluation, Huge Supply Gap Responsible For Surge In Cooking Gas Price
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) says naira devaluation and huge supply gap caused the surge in…
FG Approves Award Of Bayelsa Oilfield To New Owners
The federal government has approved the handing over of the Atala oilfield, a revoked asset hitherto owned by the Bayelsa…
NNPC Says No Petrol Price Increase In July
The Nigerian National Petroleum Corporation (NNPC) has said the official price of a litre of Premium Motor Spirit (PMS), otherwise…
Oil Prices Could Skyrocket If OPEC+ Fails In Pledge To Deliver More Supply
Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks via video link during a virtual emergency meeting of…
Economy At Half Year: Investors Lose N1.2tr, Naira Depreciates By 8 Per Cent
Nigeria’s economic and financial health status deteriorated sharply in the first half of this year as rising hyperinflation compounded currency…
Reps Pass PIB
The House of Representatives on Thursday passed for third reading the Petroleum Industry Bill 2021. Chairman of the House Adhoc…
World Not Ready For 240 Million Migrants If Nigeria Implodes, UN Warns
The United Nations has warned youths not to work against the interest of the country, saying the world won’t be…
Oil Price Predicted To Hit $100/Bbl In 2022
Crude oil price may surge to $100 a barrel next year as travel demand rebounds, the Bank of America Corp.…
FG To Remove Over 3000 Shipwrecks From Coastline
With over 3,000 shipwrecks littering Nigeria’s coastline, the Federal Executive Council (FEC) has approved the removal of shipwrecks from Badagry…
Nigerian Banks Stocks Cheaper Than African Peers – Report
Despite a significant rally in their share prices in recent time, share prices of banks qouted on the Nigerian Stock Exchange…
Shippers’ Council Shut Down Firm Collecting Charges In Dollar
The Nigerian Shippers’ Council (NSC) has shutdown Associated Port & Marine Development Company Limited (APMDC) for charging its customers in…
Nigeria’s External Reserves Drop By Over $100m In Three Days
Nigeria’s external reserves fell by $100 million in three days, from June 26 to June 28, as the figures continued…
AMCON, Jimoh Ibrahim Bicker Over NICON Hotels Sale
The Asset Management Corporation of Nigeria (AMCON) and billionaire businessman Jimoh Ibrahim are at daggers drawn over the sale of…
Banks’ Earning Assets Grow By 32% In 10 Years-Coronation Report
The top six Nigerian banks recorded 32 per cent growth in their interest earnings assets in ten years from 2010…
CBN Warns Against Naira Abuse
The Central Bank of Nigeria has frowned on continued abuse of currency note by the general public, especially during weddings…
Oil Steady With OPEC+ Hike Expected To Lag Behind Demand Revival
Oil held steady near the highest level since 2018, with an OPEC+ meeting this week expected to bring supply increases…
Firms To Produce From Neighbouring Countries Over New Gas Prices, Others
With the new gas price regime expected to kick off on July 1, alongside challenges of currency devaluation and access…
House Summons FIRS Over $30b Revenue Leakages
The House of Representatives Committees on Finance and Banking and Currency have summoned the Federal Inland Revenue Service (FIRS) to…
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…
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…