CBN: Manufacturing Sector Vital To Economy
THE manufacturing sector plays an important role in the country’s economy and will continue to do so in every economy, the…
Category: Local
Pipeline Outage Causes U.S. Gasoline Supply Crunch, Panic Buying
Gas stations from Florida to Virginia began running dry and prices at the pump rose on Tuesday, as the shutdown…
DPR Pledges To Complete First Floating LNG Production Plant
The Department of Petroleum Resources (DPR) has pledged support to the completion of Nigeria’s first floating Liquefied Natural Gas (LNG)…
CBN Action Won’t Affect FBN Holdings Asset Quality, Profitability—Fitch
Fitch Ratings has disclosed that the removal of the non-executive board members of FBN Holdings Plc and First Bank of…
Stock Market Reopens Upbeat As Capitalisation Rises By N60 Billion
Following gains recorded by most blue chip stocks, the Nigerian Exchange Limited (NGX) reopened in uptrend yesterday, as market capitalisation…
Nigerian Mid-Crop Cocoa Output Seen Rising – Cocoa Association
Nigeria’s mid-crop cocoa output is expected to rise following higher than expected rainfall which hashelped boost output for the 2020/21…
Gas Flaring Declined In 2020, Study Finds
LAGOS, Nigeria — Gas flaring worldwide decreased by 5 percent in the pandemic year, mostly because of lower demand for…
Nigeria’s Mutual Funds Rose To N1.6tn In 2020 – Coronation Asset
Funds reporting needs to be harmonised as Nigeria’s mutual funds rose to N1.6tn as of the end of 2020, Coronation…
Petroleum Production And The Paradox Of Plenty
Takudzwa Takunda Mutevedzi Imagine winning a million-dollar lottery but instead of rolling around in opulence and glamour for eternity, you plunge…
Ecobank Partners NiDCOM To Mobilise Nigerians Abroad For National Development
The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has stated that the bank is privileged to work closely with the Nigerians in Diaspora Commission,…
Uber Raises Fares By 13% In Lagos
The economy option for Uber, popularly referred to as UberX, has been increased by 13 per cent in Lagos State.…
COVID-19: FG Returns Curfew, Restriction On Mass Gatherings
The Federal Government has re-introduced a nationwide 12am to 4am curfew as part of efforts to curtail further spread of…
SEC Steps In As More Nigerians Buy Foreign Stocks
The Securities and Exchange Commission has said it will register and actively monitor brokers selling stocks for foreign companies in…
Agency Banking … New Kid On The Block
Agency banking is one of the models being used by commercial banks to reach the unbanked across the nooks and…
Germany Has Agreed To Return Nigeria’s Looted Treasure. Will Other Countries Follow?
The bronze plaques from his birthplace looked strange at the British Museum. Enotie Ogbebor, a visiting artist, knew they were…
Govt Mulls Extension Of Petrol Parity Fund To Gas Supply Nationwide
The federal yesterday indicated that it is considering extending the current equalisation scheme in the petrol supply system in the…
Trade Deficit Widens To $2.51bn After Border Reopening
Nigeria’s trade deficit rose from $1.69bn in December 2020 to $2.51bn as of the end of January 2021 despite the…
Nigeria’s Revenue Threatened As India Slashes Crude Imports By $39.5bn
Nigeria’s revenue earning capacity has come under threat following the reduction of importation of crude oil by India. India, Nigeria’s…
Over N3trn Unremitted Fund With MDAs – Senate
As the Senate Committee on Finance continues its investigations into revenue remittances by over 700 Ministries, Departments and Agencies(MDAs) of federal government, the committee chairman, Senator Solomon…
CBN Promises More Credit Facilities For Youths
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has reiterated the apex bank’s commitment to provide more loans to…
Oil Traders Work To Avert Shortages From U.S. Pipeline Hack
The shutdown of America’s largest fuel pipeline after a cyberattack is threatening to send gasoline prices to the highest in…
Nigeria To Diversify Forex With Gold Trading
Nigeria is expected to deepen its foreign exchange (forex) earnings with the impending listing of Dukia Gold’s diversified financial instruments…
CBN, IITA, Others To Halt Rejection Of Nigerian Crops
The Central Bank of Nigeria is working with the International Institute of Tropical Agriculture, government agencies and private firms to…
Rise In Import Tariff Takes Toll On Businesses
For most businesses dependent on importation of some kind, increase in import tariffs remains a sore point as well as…
Inflation, Interest Rates, And The CBN’s Quest To Defend The Naira
A higher debt burden has meant more pressure on an already tenuous government revenue-to-debt service ratio in the country. The…
High-Level Visit To Nigeria Signals Strength And Importance To UK-Nigeria Partnership
The UK’s Minister for Africa, James Duddridge MP, visited Nigeria for high-level discussions with senior members of the Government of…
Nigeria’s Spending Structure Unsustainable, Budget Head Says
Nigeria’s current trend of spending more money on running the government than on building new infrastructure is unsustainable, the country’s…
MBA Forex Is Illegal, We Warned Nigerians – SEC
The Securities and Exchange Commission has said it warned Nigerians against investing in the now troubled MBA Forex scheme. The…
West African Cocoa Giants Report Progress In Deforestation Fight
Cocoa giants Ivory Coast and Ghana reported progress in goals to end deforestation as they prepare for stricter European…
KLT Customs Collects N7.9b Revenue
Kirikiri Lighter Terminal (KLT) Command of Nigeria Customs Service collected a total of N7,968,865,907 as revenue and N55.7million worth of…