Italy Prosecutor Says Eni, Shell Aware Of Bribes In Nigeria Case
Oil majors Eni and Royal Dutch Shell were aware that most of the money they spent to buy a Nigerian…
Category: Local
How Border Closure in Nigeria Aided Local Raw Materials Utilisation
Utilization of Local Raw-materials in the manufacturing sector increased marginally in the second half (H2) of 2019, attributable to the…
CBN Expands The Scope Of Regional Banks In Nigeria
The Central Bank of Nigeria, pursuant to Section 8 (g) of the CBN Scope, Conditions & Minimum Standards for…
Is Nigeria’s Mobile Money Data An Unsolved Puzzle Fintechs Toy With?
Here’s a simple question: How many mobile money agents are in Nigeria at present? Well, the answer is not so…
Banks, Other Lenders Urged To Finance Africa’s Economy
The Group Chief Executive Officer, United Capital Plc, Mr. Peter Ashade, has called on financial institutions to develop innovative home-grown…
Nigeria’s Foreign Reserves Fell By $373.23m In June
The country’s foreign reserves fell by $373.23m from $36.57bn on June 1 to $36.2bn on June 29, latest figures from…
Stamp Duty As New Black Gold in Nigeria
This matter of making the Stamp Duty (and by implication tax revenue) the next black gold has occupied my mind…
Nigeria: Domestic Debt Servicing Gulps N609.13b In Q1 2020
The Federal Government has spent N609.135 billion to service domestic debt in the first quarter of 2020. The Debt Management…
Lockdown Ends In Nigeria’s Kano, Where Coronavirus Killed Hundreds
The Nigerian state of Kano ended its novel coronavirus lockdown on Thursday, the local ministry of health said, months after…
Nigeria: ‘Domestic Debt Servicing Gulps N609.13b In Q1’
The Federal Government has spent N609.135 billion to service domestic debt in the first quarter of 2020. The Debt Management…
Fed Government Secures Release Of 36 Nigerians ‘Caught Entering Ghana Illegally’
The federal government says it secured the release of 36 Nigerians “caught entering Ghana illegally”. But there are reports suggesting…
Unlocking Nigeria’s Economic Possibilities Via Gas Infrastructure
With proven reserves now at 203.16 trillion cubic feet (tcf), natural gas is one of the hydrocarbons Nigeria has in…
Nigeria H2 2020 Outlook: Up In The Air
In January 2020, we estimated that better trade terms between the US and China, improved clarity on the UK-EU economic…
Petrol Sold To Nigeria From Europe ‘Dirtier’ Than Black Market ‘Bush’ Fuel
Black market fuel made from stolen oil in rudimentary “bush” refineries hidden deep in the creeks and swamps of the…
Nigeria: Concerns Mount In Niger Delta Over Marginal Fields Bid Round
As the federal government opens the second bid round for marginal fields, Niger Delta stakeholders are raising concerns over what…
Nigerian Banks’ Forex Shortage To Hit $5bn
Nigerian banks’ foreign currency funding gap will rise to $5bn over the current low oil prices, volatile foreign inflows and…
172 Nigerians Evacuated From Uganda, Kenya Arrive In Abuja
The Nigerians in Diaspora Commission (NiDCOM) says 172 Nigerian evacuated from Uganda and Kenya arrived at the Nnamdi Azikiwe International…
Nigeria To Restart Domestic Flights July 8 In Easing Of Coronavirus Curbs
Nigeria will resume domestic flights from July 8, the government said on Wednesday, as Africa’s most populous country relaxes novel…
Nigeria: Court Orders Forfeiture Of 46 Houses, Land Linked To Ex-NSITF Boss, Olejeme
The Abuja division of the Federal High Court, Abuja, yesterday granted an order of interim forfeiture in relation to 46 property,…
Moody’s – Nigerian Banks To Face Pressure With Reduced Dollar Deposit
Banks in Nigeria are facing foreign currency shortages because of low oil prices, volatile foreign inflows and lower remittances…
Interstate Travel – Passengers Groan As Transporters Increase Fares In Enugu
Some passengers travelling outside Enugu State on Wednesday groaned as transporters increased transportation fares, following the lifting of the ban…
Nigeria: Senate Summons Ahmed, Emefiele, Others Over Expatriate Tax Evasion
The Senate on Wednesday summoned the Minister of Finance, Budget and National Planning, Zainab Ahmed, and the Governor of the…
EU Opens Borders To 15 Countries, Excludes Nigeria, Others
The Council of the European Union has opened its borders to 15 countries, excluding Nigeria. According to information gathered from…
INSIGHT: Tax Revenue Mobilization In Nigeria
Adeniyi Adeyemi and Adedapo Adeduro of KPMG Nigeria consider the low level of tax compliance in Nigeria and make…
Nigeria: NASD Plc OTC To Enhance Capital Raising Capabilities
The Managing Director/CEO of NASD Plc, Mr. Bola Ajomale, has said the company, which is providing over-the-counter (OTC) market for…
Nigeria: Aviation Workers Vow To Resist Airport Concession
Fault N1.7b consultation fee award Aviation workers yesterday rejected the planned concession of the big four airports in Lagos, Abuja, Port…
Naira Declines Against US Dollar, Remains Pressure Across FX Segments
Naira declined against the United States dollar on the Investors and Exporters’ forex window on Tuesday. The local currency depreciated…
Nigeria’s Economic Advisory Council Cautions Against Multiple Exchange Rate
The Presidential Economic Advisory Council, PEAC, yesterday, advised the Federal Government to move away from multiple exchange rates to a…
Nigeria, Other African Oil Exporters’ll Lose $34bn – IMF
The impact of the COVID-19 pandemic is estimated to cost Nigeria and other oil exporters in Africa a total of…
Actis-Backed African Education Group Acquires Nigerian University
A pan-African education group backed by global investment firm Actis has acquired its first university in Nigeria as it seeks…