Non-passage Of PIB , Regulations Stall About $100bn Oil Projects   With drawbacks in the passage of the Petroleum Industry Bill (PIB), as well as various unfavourable fiscal and regulatory frameworks, stakeholders have estimated $100 billion worth of projects awaiting final investment decisions in Nigeria’s oil...

'Nigeria Needs N770bn Annual Investment For Real Sector's Funding Gap'   Vice President Yemi Osinbajo has said that about N770 billion investments would be needed yearly to bridge the financing gap in the country’s real sector. Quoting from the research by KPMG on behalf of the Nigeria...

FG Meets W/bank For Another $2.5bn Loan   The Federal Government is currently in talks with the World Bank for a fresh $2.5bn loan. World Bank Vice President for Africa, Hafez Ghanem, disclosed this in an interview in Abuja on Wednesday, Bloomberg reported. Nigeria received $2.4bn from the...

Foreign Withdrawals Hit N316.19bn In 8 Months   Investors’ participation in the nation’s stock market has dropped by 29.5 per cent year-on-year, data from the Nigerian Stock Exchange, has shown. The NSE in its monthly market report, said the total transactions executed on the trading floor dropped...

Governors Demand N614bn Bailout Funds Audit   Nigeria governors have demanded an audit of money owed to states by the Federal Government as a condition for repayment of the N614 bailout fund. The governors issued the condition at the end of the Nigerian Governors Forum meeting late...

4 Banks Makes N24.3bn From Account Maintenance Charges   Between January and June 2019, four leading banks generated N24.3bn from account maintenance charged on their customers’ accounts, investigation has shown. This is an increase of about 19.18 per cent from N20.39bn generated in the corresponding period in...