According to Johnson Chukwu, the Chief Executive Officer of Cowry Asset Management Limited, Nigeria needs to prioritise increasing crude production and tackling insecurity in the Niger Delta to ensure refineries get Feedstock. 

In Three Months, Commercial Papers Hit N539bn   The value of quoted commercial papers on the FMDQ Exchange stood at N539.22bn at the end of the first quarter of 2023 with the total outstanding value of CPs rising to N669.36bn at the end of the same...

Buhari's Reign: FG Rakes In N10trn VAT in 8 Years – NBS The Federal Government has raked in N10.1tn from the collection of Value Added Tax under the regime of the President Muhammadu Buhari. This comes against the backdrop of the advice by the Minister of...

Local Experts Disagree Over US Bank’s Collapse   Some experts have expressed different opinions about the impact of the collapse of the American bank, Silicon Valley Bank, on the Nigerian economy. Regulators closed SVB Financial Group and its subsidiary, Silicon Valley Bank, on Friday and seized its...

'Nigeria To End 2022 With N12.6trn Deficit'   The Group Managing Director, Cowry Asset Management Limited, Mr. Johnson Chukwu has projected that Nigeria may end 2022 with N12.6trillion deficit He noted that with narrow expectation of revenue generation, the federal government’s projection of increasing revue in 2022...

'Foreign Investors’ Trapped $2bn Dragging Down External Reserves'       The clearing of foreign portfolio investors’ funds that have been trapped in Nigeria for months on the back of foreign exchange scarcity is putting downward pressure on the country’s external reserves. The International Monetary Fund had in February...