P/Harcourt Refinery Projects 3.96bn Litres Petrol Annually   The Port Harcourt Refining Company, currently under rehabilitation, will supply 11 million litres of Premium Motor Spirit, popularly called petrol, to the domestic market, the latest report put together by the firm has...

IMF To Launch $50bn Lifeline For Nigeria, Others   The International Monetary Fund has said it is set to launch a $50bn trust fund for low-income and vulnerable middle-income countries to help them build resilience to balance of payments shocks and...

Nigeria Loses N585bn Annual Leather Revenue To Other Countries   Nigeria loses at least N585 billion of yearly leather product revenue to other countries, an estimated 90 per cent of the N650bn revenue stream, the Minister of State for Science, Technology...

51,392 Workers Change Pension Companies, Move N190.62bn   No fewer than 51,392 aggrieved workers under the Contributory Pension Scheme have changed their Pension Fund Administrators and subsequently moved their Retirement Savings Accounts to other pension companies in 13 months, it has...

Foreign Investors Push Nigerian Equities To N417bn Gain   A flood of open market orders by foreign investors yesterday pushed Nigerian equities to their second consecutive bullish trading session, with net capital gains of N417 billion in six-hour trading session. Benchmark index...

'CBN May Devalue Naira By 10%'   A senior Investment Strategist at Standard Chartered, Abhilash Narayan, has said the Central Bank of Nigeria (CBN) may be seen to devalue the naira by as much as 10 per cent in 2022. Narayan stated...