As Nigeria Taps Into The Huge Methanol Market
Nigeria’s failure to develop its methanol industry over the years, despite an abundance of gas resources, left manufacturing companies with…
Category: Local
Analysts: Naira To Depreciate To N490/$1 On Parallel Market
Citing the Central Bank of Nigeria’s (CBN) plan to settle February 24 Non-Deliverable Forwards (NDFs) at N412.14 on the official…
Purchasers Managers Index Hits Six-Month Low As Output Prices Rise – Report
Stanbic IBTC Purchasers Managers Index report for January 2021 showed that output prices increased at a substantial rate during the…
Nigerian Central Bank Reportedly Ban Banks From Servicing Crypto Clients
The Central Bank of Nigeria (CBN) has reportedly issued circular directing financial institutions against dealing with cryptocurrencies or providing services…
Naira’s Woes Worsen At I&E, Depreciates To N397.63/$1
The woes of the Naira continued at the Investors and Exporters (I&E) window of the foreign exchange market on…
Terminals Pave Way As Nigeria Loses $43b To Oil Theft
Nigeria’s persistent crude oil loss has been linked to land terminals, as the Department of Petroleum Resources (DPR), said oil…
Size Of Nigeria’s Economy To Increase As NBS Moves To Rebase GDP
The National Bureau of Statistics says it has begun the national business sample survey (NBSS) as part of efforts to…
Total Pension Assets Rose To N12.3tn in 2020 – PenCom
Total pension assets under the Contributory Pension Scheme rose by N2.1tn to N12.3tn as of the of the 2020 from…
Again, Senate Summons NDDC Over N6.25bn COVID-19 Palliative Sharing
The Senate Committee on Ethics, Privileges and Public Petitions, on Thursday, issued a fresh summon on the management staff of…
Economic Community Of West African States Backs Nigeria’s Quest For AU’s Peace, Security Chair
The Economic Community of West African States (ECOWAS) Authority of Heads of State and Government, has thrown its weight behind…
Emerging Tech Trends To Watch For In Nigeria In 2021: Fintech & Remote Working
Covid-19 pandemic has changed the world & has created a new working standard for many jobs. Adoption of using internet…
Facebook Marketplace Unveiled In Nigeria
Facebook has announced the launch in Nigeria of a marketplace, a convenient destination where people can discover, buy and sell…
Financing Institutional Training Centre Insists On Agile Plans For Organisational Growth
Non-Agile organizations will face adverse consequences in today’s business environment where technology deployment and usage define organizational efficiency and profitability,…
Nigeria: Survey Shows Strong Support for Finance Act 2020
A recent survey by PwC has shown 92 per cent public support for Nigeria’s Finance Act 2020. On the changes…
Federal Government Of Nigeria To Announce Stand On Electricity, Pump Price Tariffs Feb 22
Nigerians may have to wait for another three weeks to get the decisions of the report of the technical committes…
Federal Government Of Nigeria, World Bank Begin Process To Rebase Nigeria’s GDP
The Federal Government in collaboration with the World Bank have commenced the process to rebase Nigeria’s Gross Domestic Product. Experts…
Capital Market, Viable Funding Source For SMEs – Nigerian Stock Exchange
The Nigerian Stock Exchange has described the capital market as a viable source of funding for Small and Medium Enterprises,…
Nigeria’s Security Exchange Commission Releases New Rules On Collective Investment Schemes
The Securities and Exchange Commission (SEC) has released rules for collective investment schemes (CIS) prescribing that units of a collective…
Stocks Shed N20Bn As Insurance Firms Lead Losers
Investors lost N20bn on Wednesday as the nation’s stock market extended its decline to the third consecutive trading session amid…
Weighing Economic Implications Of SIM Card Blockage
As revealed by the National Bureau of Statistics (NBS), the IT sector in Nigeria thrived tremendously, despite the challenges witnessed…
Telcos Collect 56.18 Million NINs, FG Fixes April 6 Deadline
A total of 56.18 million National Identity Numbers have been collected by the mobile network operators and submitted for linkage…
Nigeria: FG Seeks Support Of AU, Others To Create African Single Digital Market
The Federal Government has urged the African Union Commission and all its international partners to support Nigeria’s call for creating…
Oil Market: Prices Surge Over $57.49 Per Barrel As OPEC, Non-OPEC Commit To Output Cut
AS members of the Organisation of Petroleum Exporting Countries, OPEC, and non-members commit to oil output cut, oil prices, Tuesday,…
Nigeria: FG Puts up Recovered Assets for Sale, Invites Bids
The federal government is gearing up for the sale of recovered assets, including vehicles, boats, ships, plants and machinery as…
NESG Projects 2.9% Economic Growth In 2021
The Nigerian Economic Summit Group (NESG) has projected that the Nigerian economy would grow by 2.9 per cent in this…
Nigeria: FG, Labour To Consider Electricity Tariff, Fuel Price Reports Feb 22
The Federal Government and the organised labour will reconvene on February 22 for the consideration of the reports of the…
A Good Start For The Nigerian Stock Market
Goddy Egene writes that the 5.3 per cent gain recorded by the equities market in January is a positive development…
Nigeria’s Low-Interest Rate Creates Opportunities For These Businesses
Among the challenges in Nigeria’s troubled economy lie some opportunities. Access to cheap capital amid low-interest-rate environment is one of…
Nigeria Has $900Bn Dead Capital In Real Estate, Agric-PWC
Nigeria holds as much as $900 billion worth of dead capital locked up in residential real estate and agricultural land,…