NDIC Engages External Solicitors to Boost Debt Recovery Efforts
The Nigeria Deposit Insurance Corporation (NDIC) has tasked its external solicitors to intensify their efforts in supporting the corporation's debt recovery and asset realization initiatives.
This was disclosed by the Managing Director/Chief Executive, NDIC, Bello Hassan, on Thursday...
Nigeria Has Capacity to Produce 4mbpd of Oil - OPEC
According to Ademola Adeyemi-Bero, Chairman of the OPEC Board of Governors, Nigeria's abundant hydrocarbon reserves should enable the country to produce up to four million barrels of oil per day, a significant increase from its current output.
Adeyemi-Bero...
Emirates Airlines Commits $200m to Enhance Pharmaceutical Cargo Handling
Emirates SkyCargo, the cargo division of Emirates Group, has announced a significant investment of $200 million in state-of-the-art equipment and facilities. This substantial investment aims to provide premium handling and transportation services for pharmaceutical cargo, ensuring...
Nigerian Stock Market Reverses Gains, Loses N26bn
The Nigerian stock market experienced a downturn on Thursday, as bearish sentiment returned, resulting in a N26 billion loss for investors. Consequently, the market capitalization of the Nigerian Exchange (NGX) declined to N67.7 trillion. The All-Share Index also...
CBN Retains Interest Rate at 27.5%
The Central Bank of Nigeria (CBN) has maintained its current stance on interest rates, retaining the Monetary Policy Rate (MPR) at 27.5%.
This decision was announced by CBN Governor, Olayemi Cardoso, after the apex bank's 299th Monetary Policy Committee (MPC)...
Naira Appreciates Again to ₦1,510/$ in Parallel Market Amid Instability
The naira recorded a significant appreciation against the dollar on Wednesday in the parallel foreign exchange market.
A source at the Abuja Black Market told Economic Confidential that as of February 20, the naira was trading...
