SEC reiterates Commitment to Curb Ponzi Schemes The securities and Exchange Commission(SEC) has restated it’s resolve to ensure that illegal fund managers in the country are not allowed to operate. This was stated by the Acting Director General of the SEC,...

BFIG, BPE Bicker Over ALSCON The handover of the Aluminum Smelter Company of Nigeria (ALSCON) in Ikot Abasi, Akwa Ibom State, to the preferred bidder, BFIG Group by the Bureau of Public Enterprises (BPE) is still not in sight as...

Nigeria is Sliding Back to Recession By: Joy Nguri International Monetary Fund’s (IMF) recent downgrade of its earlier growth projection for Nigeria in 2020 from 2.5 percent to 2 percent did not come as a shock, though some analysts have expressed...

Two Gold Refineries Get License The federal government has issued operating licence to two gold refineries in its move to increase export to support the nation’s reserves. Reuters reports that Minister of Mines and Steel Development, Olamilekan Adegbite, disclosed that the...

MAN Worried over Nigeria’s GDP growth ...Says 0.14% increase low for economy The Manufacturer Association of Nigeria (MAN) has described the lean 0.14 per cent GDP growth rate recorded in the fourth quarter of 2019 as a strong indication that Nigeria...

Oil Price dips to One-year Low as Covid-19 Reduces Demand Crude oil price fell for a fifth day to its lowest since January 2019 as a growing number of new Coronavirus, known as Covid-19, cases outside of China fuelled fears...