Low Investment In Oil, Gas May Pose Future Challenge
The outbreak of COVID-19 pandemic set the oil and gas industry on a tail spin. Major oil consumer, China, shut…
Category: Local
Victorious Okonjo-Iweala Pledges To Rebrand, Reform WTO As DG
Deji Elumoye, Chuks Okocha, James Emejo, Udora Orizu in Abuja, Obinna Chima and Dike Onwuamaeze in Lagos With her emergence…
Stock Market Reopens Upbeat As Index Rises By 0.33 Percent
Following price gains recorded by most bluechip stocks, transactions on the Nigerian Stock Exchange (NSE) reopened in an upbeat yesterday as…
Nigeria’s Inflation Hits 16.47% As Food Prices Soar To Record High
Nigeria’s inflation rate rose to 16.47% (year-on-year) in January 2021 as against 15.75% recorded in December 2020. This is according…
Shell Files Int’l Arbitration Against Nigeria Over Oil Spill Case
Royal Dutch Shell has initiated international arbitration against Nigeria over a dispute regarding an oil spill that took place five…
Central Bank Of Nigeria Sets 15 Months For N21.3b National Theatre Remodelling
The N21.3 billion National Arts Theatre remodelling will be completed in the next 15 months, Central Bank of Nigeria (CBN)…
Naira Gains Slightly, Exchanges For 473/$
The naira on Monday exchanged at 473/$ at the parallel market, after trading at 477 the previous week. At the…
Investing In Nigeria: Top Picks For 2021
Following 2020, a year the world faced an existential crisis with many households and businesses losing incomes, survival was of…
BUA Cement Grow Gross 2020 Full Year Profit To N95Bn
BUA Cement, Nigeria’s second largest cement company, has announced full year revenue of N209 billion in its unaudited financial accounts…
Shareholders Sue Federal Government Of Nigeria Over Plans To Borrow Unclaimed Dividends
Determined to stop the federal government from taking over their unclaimed dividends, some shareholders of companies listed on the Nigerian…
Investors Lose N660Bn As Stock Market Ends Lower
Investors lost N660bn last week as the nation’s stock market closed lower at the end of trading amid lingering profit-taking.…
Equity Investors In Panic As Fixed-Income Yields Rise
As investors worry over the continuous uptick in yields in the fixed income market, negative sentiments persisted on the Nigerian…
Bearish Sentiment Strengthened As Nigerian Stock Exchange Capitalisation Dips N75b
The Nigerian Stock Exchange (NSE) commenced trading for the week on a downward note, following losses recorded by bellwethers, causing…
NYSC Members Get N4m Business Grants In Corpreneurship Challenge
At least twelve members of the National Youth Service Corps (NYSC) who took part in Unity Bank’s flagship business plan…
Japan Economy Shrinks For First Time Since 2009 But Tops Forecast
Japan’s pandemic-hit economy shrank in 2020 for the first time in more than a decade, but the contraction was less…
Rice, Flour, Sugar, Cement Top Free Trade Exemption List
Despite Nigeria’s comparative advantage and self-sufficiency status in the production of certain products, cement, flour, rice, sugar and 180 other…
West Texas Intermediate Crude Breaks $60 A Barrel On Oil Supply Worries
US oil prices rallied past $60 a barrel on Monday for the first time in more than a year, fuelled…
Olam, BAT, Eight Others Earned $100m From Exports – Central Bank Of Nigeria
Top 10 exporters in the country exported non-oil goods worth $100.88m in November, according to the Central Bank of Nigeria.…
Okonjo-Iweala, Mo Ibrahim, Adesina Headline Ehingbeti As Summit Opens Tuesday
Notable business leaders and political figures across the globe will be joining the private sector in setting agenda for Lagos…
Dwindling Cash Use Is Pushing Central Banks To Race Toward Digital Currencies
Central banks are accelerating their work on digital currencies and investors are taking note.Earlier this year, the Bank of International…
Bitcoin: Nigeria Bites Back Against Cryptocurrency Trading
Bitcoin. The currency of choice for drug dealers, terrorists, investors, spaceship enthusiasts — and ordinary people, including many of us…
Oil Rises On Fears Of Heightened Tensions In Middle East
Oil prices rose to their highest in more than a year on Monday, after a Saudi-led coalition fighting in Yemen…
Foreign Stock Investors Withdraw N1.01tn In Two Years
Foreign investors pulled out a total of N1.01tn from the nation’s stock market in the past two years, according to…
Oil Rally May Brighten Nigeria’s Outlook, Says Organisation Of Petroleum Exporting Countries
The rise in global oil prices could brighten Nigeria’s outlook this year, the Organisation of the Petroleum Exporting Countries said…
Association of Bureaux De Change Operators Of Nigeria To Central Bank Of Nigeria : Support BDCs’ Digitalisation
The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to support…
Dangote Foundation Disburses N3.9b To Women, Youths In 11 Nigerian States
Aliko Dangote Foundation (ADF) has so far disbursed the sum of N3.924 billion to 392,490 women and youths across 11 states…
International Monetary Fund’s Panacea For Economic Recovery, Growth
James Emejo examines the wide-ranging recommendations by the International Monetary Fund to both the fiscal and monetary authorities on the…
CBN, AFC, NSIA To Fund N1tn Infrastructure Firm — FG
The President, Major General Muhammadu Buhari (retd.), has approved the establishment of a company, Infra-Co, saddled with the responsibility of…
Disease Outbreak May Hit Livestock This Year — NiMet
The livestock sector in Nigeria could witness an outbreak of diseases, as parasites might hit fish ponds in parts of…
Nigeria Vowed To Avoid Fuel Subsidy’s Return – International Monetary Fund
The International Monetary Fund says Nigeria has expressed strong commitment to avoid the return of fuel subsidy and to put…