Oil Hits Six-week High $68.47 As Dollar Weakens       The international oil benchmark, Brent crude, reached its highest in six weeks on Thursday as strong US economic data, a weak dollar and overall expected recovery in demand outweighed worries about the impact of increased COVID-19 cases...

A Country That Is Bleeding, by Eric Teniola       On April 22 this year, the Minister of Defense, Major General Bashir Salihi Magashi (71) (rtd) was on the spot. He told State House correspondents that “Nigeria is bleeding”. During the media chat, he informed us all...

Nigeria’s Debt Stock To Hit N34trn With New Loans       The total debt stock for Nigeria could rise from N33 trillion to N34tr soon as the National Assembly approves another N1.1tr external loan request for the federal government. The House of Representatives yesterday approved the external loan...

CBN’s MPC Members In Policy Dilemma Over Growth, Inflation       The members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria, CBN, have indicated that the apex bank’s meeting in March was largely concerned with the twin problem of growth stimulation of economic...

Gains In Highcap Stocks Lift Capitalisation By N356bn     Following gains recorded by most highly capitalised (highcap) stocks, transactions on the Nigerian Exchange Limited (NGX) reversed negative sentiments to close in an upbeat yesterday as market capitalisation appreciated by N356 billion. At the close of trading, the...

Nigeria May Lose $1bn Annually To Contaminated Food       Nigeria may lose $1billion yearly to the consumption of aflatoxin contaminated food that result in diseases such as liver cancer, stunted growth among other disease, a recent study says. To this end, stakeholders have urged the Federal Government...