In Five Years, Nigerian Equities Market Attract $19.2bn Investment
As foreign investors take a position in low-priced stocks, the Nigerian equities market attracted a total of $19.2 billion (N8.83 trillion) in Foreign Direct Investment between 2018 and 2022, a report by the National Bureau of...
Aviation Loses $3.5bn Over High Operating Cost, Poor Infrastructure
Operational challenges in the air transport sector in Nigeria and other African countries have been blamed for the loss of $3.5 billion of potential revenue in three years.
The International Air Transport Association (IATA), at a special...
FG Loses N44bn as Insurers Breach Local Content Law
Nigeria’s local insurance firms lost about N81.8 billion to their foreign counterpart instead of N37.8 billion as provided by the relevant local content law on oil and gas insurance in 2022.
The law stipulated that 70 percent...
Why FG Bars Illegal Online Banks, Approves 173 Loan Apps
The Federal Competition and Consumer Protection Commission has approved 173 digital lending applications to operate and curb fraudulent transactions in digital lending.
Of the 173, 119 have full approvals and 54 have conditional approvals. After loan...
Oil Export Rakes in N1.8tn in March - Report
Nigeria’s revenue from crude oil export increased by N337bn in March, hitting N1.8tn, according to data obtained by The PUNCH.
This came as the country attained its crude oil production target of 1.6 million barrels per day...
FG Calls on NIMASA to Enhance Maritime Capacity
The Bureau of Public Service Reforms has urged the Nigerian Maritime Administration and Safety Agency to enhance safe, secure shipping, cleaner oceans and maritime capacity in line with best global practices.
The BPSR also said that NIMASA has...
