FG Panel Reconvenes Monday to Address Naira-for-crude Crisis
The huge allocation of crude oil by the Nigerian National Petroleum Company Limited (NNPCL) to its foreign creditors is a big challenge to the supply of the commodity to domestic refiners including the Dangote Petroleum Refinery.
Insiders familiar...
International trade policy and law expert Olusegun Olutayo has underscored the decisive role of implementation in driving the success of regional trade agreements, particularly the African Continental Free Trade Area (AfCFTA).
Tinubu Approves Board Members for Power System Operator
President Bola Tinubu on Wednesday appointed board members of the recently established Nigerian Independent System Operator.
He named Dr Adesegun Olugbade as the Board Chairman, while Abdu Bello was appointed the Managing Director of the new NISO.
An Independent...
CBN: 65.5% of Nigerians Demand Drop in Lending Rates – Survey
A new Household Expectations Survey by the Central Bank of Nigeria (CBN) has revealed that 65.5 per cent of Nigerian households believe a reduction in lending rates would be best for the economy.
The survey,...
Petroleum Sector Local Content Rises 56% – NCDMB
The Nigerian Content Development and Monitoring Board, on Wednesday, announced that local content in the petroleum industry has now reached 56 per cent, with ongoing reviews likely to further enhance this figure.
The NCDMB Executive Secretary, Felix Ogbe...
Bearish Trend: Investors Lose N289bn as NGX Trading Falls
The Nigerian Exchange extended its losing streak on Wednesday, shedding N289bn in market value as bearish sentiments persisted for the third consecutive trading session.
The benchmark All-Share Index declined by 0.44 per cent to close at 104,915.13...
