11 Commercial Banks’ Assets Rise To N39.0651tn The total assets of 11 commercial banks listed on the Nigerian Stock Exchange (NSE) stood at N39.065 trillion as at the end of December 2018, compared with the N34.898 trillion in the comparable...

 Fresh $200m to Improve Electricity Supply The federal government has said it plans to inject fresh $200 million on improving electricity supply for about 105,000 households in the country who do not have access to power. The initiative is in continuation...

Our Borrowing Still at 19% to GDP- Finance Minister …assures no plan to remove fuel subsidy The Minister of Finance, Mrs Zainab Shamshuna Ahmed, has disclosed that Nigeria’s borrowing still remains at 19 per cent to the Gross Domestic Product (GDP),...

NERC to break DISCOs’ monopoly There are indications that the Nigerian Electricity Regulatory Commission, NERC, is about to break the monopoly being enjoyed by the distribution companies, DISCOs. NERC has just released what it called a consultation paper on the development...

Oil price nears six-month high World oil prices jumped to near six-month highs on Tuesday as the United States tightened sanctions on Iran, sending shares of energy companies higher and boosting currencies of several major crude producers. Brent crude oil futures...

NNPC, Red Cross Partner on Disaster Management The Nigerian National Petroleum Corporation (NNPC) has expressed its readiness to partner the Nigerian Red Cross Society (NRSC) towards developing the capacity of the corporation’s staff on disaster management. Group Managing Director of the...