Business

Stock Investors Lose N1.37trn In One Month       Investors in the Nigerian stock market recorded a total loss of N1.37tn in February as market capitalisation tumbled...

Weekly Diaspora Remittances Now $30m – Emefiele       The Central Bank Governor, Godwin Emefiele, has said that weekly diaspora remittances rose from $5m to $30. He noted...

Niger, Others’ Debts Worsening Illiquidity In Power Sector - NERC       The Nigerian Electricity Regulatory Commission (NERC) has expressed concern about the continuing inability of its...

No Fuel Price Increase in March- NNPC …Cautions against Hoarding, Panic Buying Contrary to speculations of imminent increase in the price of Premium Motor Spirit (petrol)...

Nigeria’s N31 trillion Debt Profile Unsustainable- Dr Alaje  Nigeria’s current debt profile of about N31 trillion is unfortunately not sustainable, Dr Paul Alaje, a Senior...

NSE’s Demutualisation Will Strengthen Investor Confidence - FIRS     The ongoing conversion of the Nigerian Stock Exchange (NSE) from a not-for-profit, member-owned, mutual organisation to a...

Shell To Boost Nigeria’s Domestic Gas Plan       The Shell Petroleum Development Company of Nigeria Limited has keyed into the Federal Government’s goal of using the...

We'll Increase Agric Loans By 6% - CBN         The Central Bank of Nigeria (CBN) said it will increase banking sector credit to the agriculture sector...

Osinbajo Puntures CBN Over ban on Cryptocurrency Vice President, Professor Yemi Osinbajo has said that cryptocurrencies should  be regulated as opposed to the ban by...

MAP Scheme Deploys 611,231 Meters to Electricity consumers A total of 611,231 meters have been deployed as at January 31, 2021 under the Meter Asset...

Nigeria Spent $10.7tn  on fuel subsidy in 10 years – MOMAN Nigeria spent a total of N10.7tn on fuel subsidy in the last 10 years,...

We Won’t Stop Borrowing Despite N32.9tn Debt-FG Notwithstanding Nigeria owing $86.39 billion (N32.9 trillion) to external creditors, the nation will continue to borrow to finance...

FG Plans to Hire Asset Manager for N15tn Infraco Fund The federal government plans to hire an asset manager for its new Infrastructure Development Company...

Nigeria’s Bonny Light hits $65.36pb, as OPEC+ Considers oil production Raise Nigeria’s grade of crude oil, Bonny Light, has on Thursday witnessed a marginal rise...

AMCON Heads to Appeal Court Over N69.4b debt by Jimoh Ibrahim The Asset Management Corporation of Nigeria (AMCON) has filed a Notice of Appeal at...

Aghughu Elected Chairperson AU Board of External Auditors. The Auditor-General for the Federation, Mr. Aghughu Adolphus A. has been elected the Chairperson of African Union...

Stock Investors Gain N30bn As Market Closes Higher       Investors in the nation’s stock market gained N30bn on Wednesday as Oando Plc and 21 other firms...

FG Mulls New Options To Deliver Prepaid Meters       The Federal Government has started considering new options in delivering prepaid meters to 60 per cent of...

WorldRemit Supports CBN On New USD Bank Account Opening Process       WorldRemit, a cross-border digital payments service, has expressed support for directive of the Central Bank...

NPA Records 6.6% Fall In Vessel Call     Reflecting the impact of the COVID-19 pandemic on the maritimes sector, the number ships that sailed into the...