Oil Licencing: As Angola, Others Move Ahead, Nigeria Trails Behind While many oil-producing countries, including Angola and Norway, are extending efforts to ramp up their production and reserves, Nigeria has failed to hold any oil licensing rounds since 2007 Stakeholders in the nation’s oil and gas...

Investors Profit N120.5bn As Stocks Rise Up Investors in the nation’s stock market gained N120.5bn on Wednesday as the market sustained its bullish run for five consecutive days. The market capitalisation of equities listed on the Nigerian Stock Exchange increased from N11.238tn on Tuesday to N11.359tn...

In December, FSDH Anticipates Inflation Rising To 11.28% The FSDH Research expects the December 2018 inflation rate (year-on-year) to rise to 11.69 per cent from 11.28 per cent recorded in November. In the research by the FSDH Merchant Bank Limited on ‘A spike in inflation rate...

PFAs Stake N5.2tn On FGN Securities Out of the total N7.52tn total pension assets as of December 31, 2017, about N5.2tn, representing 70 per cent of the entire fund, was invested in Federal Government securities by Pension Fund Administrators. The figures are contained in the 2017...

FG, State Borrows N1.16trn From Equity Market To finance its fiscal and infrastructure deficits owing to paucity of funds, the Federal Government had borrowed about N1.16trn from the equities market in 2018, including the maiden N100 billion Sukuk designed to fund critical road network across...

Stock Market Post Slight Gains As Losing Streak Ends The nation’s stock market closed on a positive note on Thursday for the first time this year as it posted slight gains at the end of trading. The All-Share Index rose by 0.62 per cent to close...