Fiscal, Monetary Reforms Needed To Fasten Economic Recovery – LCCI
The Lagos Chamber of Commerce and Industry (LCCI) has called on the federal government to show stronger commitment to key…
Category: Local
CBN Retains Lending Rate At 11.5%
The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 11.5 per cent.…
IMF Revises Nigeria’s 2021 GDP Forecasts To 1.5%
The International Monetary Fund (IMF) in its World Economic Outlook (WEO) update released yesterday has projected that the Nigerian economy…
Gas Industrial Revolution As New Normal For Nigeria Beyond Crude Oil Economy
Nigeria’s debilitating energy shortages encumbering its development aspirations may soon be a thing of the past if a $10billion infrastructure investment…
UAC Property to Redeem N4.36bn Bond Ahead of Maturity
The management of UAC Nigeria Property Development Company (UPDC) Plc has decided to redeem the 5-year bonds worth N4.36 billion…
NSE Allays Fear Of Market Distortions, Hopeful Of Sustained Rally
The Nigerian Stock Exchange (NSE) has allayed fears of possible policy reversal that may reverse the current positive trajectory witnessed…
Equity Market Extends Gain With N259bn
Nigerian equity market on Tuesday sustained its positive outlook as the overall performance measures, NSE ASI and market capitalisation, rose…
Alfred Olajide Now MD Of Coca-Cola Nigeria
Coca-Cola has appointed Alfred Olajide as it’s new vice president and managing director for its Nigeria operations A statement by…
Fuel subsidy: Let’s Shift To Autogas, Nigeria’s Federal Govt. tells its Oil Marketers
As an immediate response to the rising price of petrol, and by extension, the return of fuel subsidy, the Federal…
Nigeria Loses N5.4tr To Tax Evasion By Multinationals
The Federal Inland Revenue Service (FIRS) has said Nigeria lost about N5.4 trillion between 2007 and 2017 through tax evasion…
Post Privatisation: Nigeria’s Stranded Power Rises 263% To 3,742MW
Contrary to expectations, there are indications that Nigeria’s electricity sector has recorded huge set back since the private sector take-over…
Nigeria’s Corporate Affaira Commission Sets April Deadline For Account Revalidation
The Registrar-General, Corporate Affairs Commission (CAC), Garba Abubakar yesterday warned that customers who refused to revalidate their accounts would not…
Nigeria: Analyst Advocates Scrapping Of NDDC, Discretionary Allocation Of Oil Blocks
On the heels of the proposed establishment of Petroleum Host Community Fund in the Petroleum Industry Bill (PIB) currently at…
Dangote Cement Completes First Tranche Of Share Buyback
Dangote Cement Plc has announced the completion of the first tranche of its share buyback programme. According to a statement…
Mutual Funds’ Assets Rise To N1.6tr Stock Market Begins New Trading Week With Upswing
The year 2020 appeared to be the year with the highest growth in the value of mutual fund assets in Nigeria…
Stock Market Gains N16bn After First Weekly Loss
The equity market, on Monday, returned to positive territory as the Nigerian Stock Exchange All-Share Index and market capitalisation rose…
Paternity Scandal: FCMB Adam Nuru Proceeds on Voluntary Leave to Allow Independent Investigation
The embattled Managing Director of First City Monument Bank (FCMB), Mr. Adam Nuru has reportedly volunteered to proceed on leave…
LCCI: Nigeria May Remain In Recession Beyond 2021
Amid the resurgence of COVID-19, the Lagos Chambers of Commerce and Industry (LCCI) has predicted that Nigeria risks a further…
Can Oil Stocks Bounce Back In 2021
There’s no way to sugar coat things; 2020 was an abysmal year for the oil market. Crude oil prices are…
NPA Electronic Call-Up System To Decongest Ports
Come January 2021, the Nigerian Port Authority (NPA) will float the electronic version of its call-up system, which is expected…
Nigeria’s Duty-Free Export To US Shrinks To $351.73m
Nigeria’s export to the United States under a duty-free policy declined in the first nine months of 2020, recording $351.73m…
Nigerians Now Taking Centre-Stage In Downstream Sector, Says DPR
Director, Department of Petroleum Resources (DPR), Sarki Auwalu, has said Nigerian indigenous oil companies are now taking the centre stage,…
Will Economy Be Better In 2021?
As 2020 draws to a close, many Nigerians look towards 2021 uninspired by the catatonic state of the economy. The…
Economic Crisis: Naira To Fall Further In January, Says CBN Report
Barely five days to the end of the year 2020, the Central Bank of Nigeria has disclosed that a survey…
CBN Revokes Licences Of Seven Payment Service Providers
The Central Bank of Nigeria (CBN) has announced the revocation of operating licences of seven payment service providers (PSP), and…
Oil Edges Higher After Brexit Deal, Gains Capped By Pandemic
Oil prices inched higher on Thursday, helped by late-day buying in a low-volume session to close out the week. The…
Mobile Payments Operators Request CBN To Reconsider Position On Diaspora Remittances
The Association of Licensed Mobile Payments Operators (ALMPO) has appealed to the Central Bank of Nigeria (CBN) to reconsider its…
Nigeria’s Stock Market Closes For Christmas With N2bn Loss
Trading reverses on NSE, closes for Christmas with N2bn loss Nigerian Stock Exchange (NSE) on Thursday reversed its uptrend, dropping…
Dangote Refinery, A Potential Game-Changer, Says Platts
The Dangote refinery in Nigeria will be a “potential game-changer” once it comes online, according to a report by Platts…
Naira Gains N10 On Dollar At Black Market, Trades N465/$1
The Naira continued to wax stronger against the United States Dollar as it gained N10 at the black market on…