$2bn FX Backlog: Experts Suggest Way Out
FOLLOWING an estimated $2 billion unmet Foreign Exchange (FX) demand, finance and economic experts have expressed concern that FX challenges…
Category: Local
IMF Excludes Nigeria From Debt Relief
Nigeria has been excluded from the list of 28 countries granted debt pardon by the Executive Board of the International…
NIRSAL Recovers 51 Per Cent Of Legacy Loans
The Managing Director, Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) Aliyu Abdulhameed has recovered 51 per cent…
Sterling Bank Reports N12.4bn Profit
Sterling Bank Plc, a full service national commercial bank, said it recorded N12.4bn profit before tax in the financial year…
NGO Tackles Chevron Over Oil Spill In Gbaramatu
The Centre for Peace and Environmental Justice on Monday said the failure of Chevron Nigeria Limited to accept responsibility for…
Fuel Marketing Companies Suffer N331.54bn Revenue Drop
Five of the major oil marketing companies in the country saw their total revenue plunge by N331.54bn last year amid…
2,210 Workers Withdrew N3.18bn From Voluntary Pension Contributions – PenCom
A total of 2,210 workers withdrew N3.18bn from their Retirement Savings Accounts with their respective Pension Fund Administrators in six…
Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC
The debts of four states exceeded their net revenues by more than 400 per cent, the Fiscal Responsibility Commission has…
We’ve Uncovered N50bn Hidden Debt By Amosun Govt – Ogun
The Ogun State Government says it took its diligence to discover an alleged hidden additional N50bn domestic debt left behind…
Nigerians Without NIN Risk Imprisonment, Says Minister
The Minister of Communication and Digital Economy, Dr Isa Pantami, on Thursday warned that Nigerians who do not have National…
Shippers’ Council Moves To End Indiscriminate Boarding Of Vessels
The implementation of the Nigerian Ports Process Manual (NPPM) has recorded some progress with the decision to stop indiscriminate boarding…
Maximising FG’s Delineation Of Free Trade Zones At Airports
Recently the federal government announced the designation of five international airports as free trade zones to support the implementation of…
OPEC+ Decides To Gradually Curb Output Cuts As Demand Concerns Persist
A group consisting of some of the world’s most powerful oil producers on Thursday decided to gradually curb existing output…
External Reserves Lost $178m In March – CBN
The country’s foreign reserves continued its downward trend, losing $178m in March, figures obtained from the Central Bank of Nigeria…
CBN Warns Against Abuse As MFBs Float Liquidity Placement Platform
To address the short-term liquidity challenges in the sub-sector, microfinance banks in Nigeria, in collaboration with Microfinance Development Company Limited…
Diaspora Nigerians with expired passport can now travel home – NIS boss
Comptroller General of Nigeria Immigration Services Muhammad Babandede has disclosed that diaspora Nigerians who could not travel back home due…
Investors Have Committed N100bn Into Our Oil Palm Sector – Edo
The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Wednesday disclosed that the Federal Government has succeeded in…
FG Implementing EEF To Save Economy From Shocks’
The Ministry of Industry, Trade and Investment has disclosed that it was currently implementing the Export Expansion Facility (EEF), which is…
Stakeholders Seek Fiscal Incentives, Policy Harmonisation To Stimulate Recovery
Worried by the N628 billion loss suffered by equity investors in the first quarter (Q1), market players have urged the…
UN, FG check, Validate Nigeria’s Social Protection Policy
The Federal Government and joint development partners from the United Nations held a meeting on Wednesday to conduct a quality…
UAC Of Nigeria Returns To Profitability, Recommends 120 Kobo Dividend
UAC of Nigeria Plc (UAC) has announced its audited results for the year ended December 31, 2020, showing a profit…
SEC Lists Benefits Of Non-Interest Capital Market
The Securities and Exchange Commission (SEC) has described the non-interest capital market sector as a unique asset class that is…
BUA’s Profit Rises To N72.3Bn
BUA Cement Plc has said its profit after tax rose by 19.4 per cent to N72.3bn at the end of…
Takeaways From Okonjo-Iweala’s Visit: How Nigeria Can Unlock Growth
A clear call for reforms and competitiveness came from Ngozi Okonjo-Iweala, Director General, World Trade Organisation, who was recently on an…
FG Approves New Policy Framework for MSMEs
The Minister of State, Federal Ministry of Industry, Trade and Investment, Mrs. Maryam Yalwaji Katagum, has said the Federal Executive…
IMF Demands Debt Data Accuracy, Transparency From Nigeria, Others
A day after the National Bureau of Statistics (NBS) released report that said states and federal debts had hit N32.92…
Nigerian Stocks: List of Dividends announced in 2021
As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective…
Inheritance Fraud: Prince Jailed For Forgery
An Ikeja Special Offences Court on Tuesday sentenced Semasa James to a year in prison for forgery. He was convicted…
Customs Recover N1bn Debit Notes From Importers, Shippers
The Comptroller General of the Nigeria Customs Service, Strike Force Unit says it has recovered debit notes worth N1bn from…
13 Nigerian Security Chiefs, Others Stole $400m, Stash Loot In UAE – HEDA
The Human and Environmental Development Agenda has said assets and funds worth more than $400m stolen from Nigeria were stashed…