CBN disburses N173bn under 100-for-100 policy
The Central Bank of Nigeria has disbursed N173.31bn to beneficiaries under its 100-for-100 Policy on Production and Productivity since the...
Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1
Nigeria’s Gross Domestic Product (GDP) growth rate slowed to 2.31 per cent (year-on-year) in real terms in the first quarter...
Can IPPs drive Nigeria’s power generation capacity?
Agusto and Co. believes that the inability of the Transmission Company of Nigeria to evacuate more than 8,100 megawatt is...
CBN: Achieving $200b non-oil export earnings
The Central Bank of Nigeria (CBN) has prioritized the non-oil export sector to attract foreign capital to the economy. The...
Immediate subsidy removal portends danger to economy, stakeholders warn
Stakeholders in the nation’s oil and gas sector have warned that immediate removal of fuel subsidies would bring untold hardship...
Import bill on manufactured goods falls 18.4% to N2.45trn
The value of manufactured goods imported into the country fell to N2.448 trillion in the fourth quarter ended December 31,...
Nigeria’s energy transition may gulp $410bn
As Nigeria prepares to utilize natural gas as its transition fuel, there are indications that the Federal Government may have...
Dangote Refinery On March To Transform Nigeria’s Economy
The commissioning of 650,000 barrels per day Dangote Refinery & Petrochemicals is a long awaiting dream of Nigeria and Dangote...
External reserves fall by $1.5bn in four months -CBN
The country’s external reserves fell by $1.5bn in four months, figures obtained from the Central Bank of Nigeria have revealed....
NGX maintains upswing as investors gain N137bn
The market capitalization of the Nigerian Exchange Limited gained N137bn at the close of trading on Tuesday, maintaining its positive...
Worsening forex crises, others erode foreigners’ confidence in equities
• Domestic patronage accounts for 92% of total transactions, hits N659.26b in 16yrs • Gains in MTNN, 30 stocks lift...
Telcos’ rising revenues, profits fail to reflect in quality of services
MTN rakes N7.2 trillion income, invests 18% on capital projects in five years • Airtel capital spending shrinks by 23...
FG begins shutdown of unlicensed fuel marketers
The Federal Government, on Monday, announced that no unlicensed petroleum product dealer would be allowed to load products from June...
Dangote refinery petrol hits market July, FG to save N7tn
The Federal Government may save about N35tn in fiscal expenditure within the next five years with the commencement of operations...
Financial sector dominates weekly market activities with N21.8 billion
The financial services industry dominated in volume terms at the end of last week’s transactions on the equities sector of...
Federal Govt To Unveil $50bn Oil Industry Projects
Oil and gas opportunities valued at over $50bn and projected to be developed within five years were showcased by international...
Equity market rebounds as investors gain N15bn
The Nigerian Exchange Limited saw mixed sentiments on the trading floor this past week, which resulted in a gain of...
MONEY MARKET: MPC May Continue Rate Hike Amid Rising Inflation
The Monetary Policy Committee (MPR) of the Central Bank of Nigeria (CBN) will tomorrow, Tuesday, May 23, 2023, commence its...
NGX restrategises to boost listing, market participation
As market capitalization dips by N257 billion Nigerian Exchange Limited (NGX) has disclosed plans to partner with the incoming administration...
Federal Govt Records N141.21bn Drop In Revenue, Share N655.9bn For April
The Federation Account Allocation Committee (FAAC), at its meeting yesterday approved the disbursement of N655.932 billion to the three tiers...
Naira At Growing Risk Of Devaluation In Coming Weeks
Nigeria will likely devalue its local currency by about 15% after President-elect, Bola Tinubu, is sworn in on May 29...
Boosting Non-oil Exports With RT200
Nume Ekeghe writes on the Central Bank of Nigeria's effort at boosting non-oil earnings using RT200and the laudable triumphs it...
Agric sector vital for Nigeria’s economic prosperity – IMF Country Representative
Ari Aisen is the representative of the International Monetary Fund in Nigeria. In this interview with EDIDIONG IKPOTO, he discusses the...
FG spends N13tn on subsidy, sets removal guidelines
The Federal Government, on Monday, said it was developing a comprehensive guide for the incoming administration of Bola Tinubu, on...
Power: Towards a greater efficiency
The World Bank labelled Nigeria as the country with the world’s largest energy access deficit in 2021, with 43 per cent, representing 85...
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