Business

NNPC Tackles Alleged Stolen Crude Report. The Nigeria National Petroleum Corporation (NNPC) has strongly refuted a media report(Not Economic Confidential) to the effect that its...

Sallah: FIRS felicitates with Muslims, extends filing deadline for taxpayers As the Muslim world celebrates the Eid-el-Kabir today, the Federal Inland Revenue Service (FIRS) has...

Airlines To Lose $2bn To COVID-19 - IATA     The International Air Transport Association has asked African governments to unblock bottlenecks ailing air transport and tourism...

Nigeria To Deliver 5GW Of Electricity By 2022 - NNPC     With the kick-off of the construction of a number of gas projects, particularly some major...

COVID-19: Second-wave Fears Threaten Oil Demand Recovery     The recent oil price gains may be short-lived as growing fears over a resurgence in COVID-19 cases are...

Stock Market Advances As Investors Gain N23bn   The equities market on Wednesday closed positive with a gain of N23bn following gains recorded by 18 quoted...

Nigeria, Israeli Firm Partner On Ethanol Production     The Federal Government on Wednesday signed a Memorandum of Understanding with the DOR Group of Israel for the...

Manufacturing Sector Records Three Months Contraction – CBN Report     The Nigerian economy contracted in July for the third consecutive month, the manufacturing and non-manufacturing purchasing...

Seplat Suffers N49.8bn Loss Amid Oil Price Crash     One of the nation’s indigenous independent oil companies, Seplat Petroleum Development Company Plc, posted a loss of...

Loans: China Can Seize Assets If Nigeria Defaults, Says Amaechi     The Minister of Transportation, Mr. Rotimi Amaechi, has said if Nigeria defaults on loans repayment,...

CBN’s Ban On Forex For Import Boosts Interest In Fish, Maize Farming     In furtherance of government’s efforts to drive Nigeria towards food sufficiency, Agribusiness firm,...

Dangote Cement rakes in N162.9bn profits in 6 months ……as Winners emerge in consumer promo   Africa’s largest cement producer, Dangote Cement plc has announced a Profit...

Power Crisis Deepens As NBET Fails To Pay Gencos N181.39bn     The liquidity crisis in the nation’s power sector has taken a turn for the worse...

Naira Dips To N472/$ As Forex Scarcity Worsens     The naira on Tuesday traded at N472 to a dollar at the parallel market as foreign exchange...

NNPC Strikes $1.5bn Oil-for-loan Deal With Traders   The Nigerian National Petroleum Corporation has signed a $1.5bn prepayment deal led by Standard Chartered and backed by...

Equity Market Lose N70bn, Sell-off Persists     The Nigerian bourse on Tuesday closed lower to reverse the previous day gain as bears regained their grip following...

African Air Traffic Dips By 98% As IATA Projects Recovery By 2024   The International Air Transport Association (IATA) Tuesday released an updated global passenger forecast...

Stamp Duty: Why landlords can’t increase rent, by FIRS There is no basis for rent increment in relation to the stamp duty payable on tenancy...

Banks’ Foreign Assets Rose By 10.2% On Naira Adjustment     The net foreign assets of banks rose by 10.2 per cent in the first quarter of...

Banks’ Non-performing Loans Hit N1.2trn – CBN     Banks’ non-performing loans stood at N1.2tn as of the end of June according to figures obtained from the...