Report Sees Growth In Nigeria’s Power Sector
A report by Agusto & Co, has predicted growth in Nigerian Electricity Supply Industry in the short term. It attributed...
Nigeria loses N313bn as oil theft, shutdown rise, operators demand tough sanctions
Rising oil thefts and workers’ strikes have led to a huge drop in Nigeria’s oil production output, culminating in the...
Amid Hike in Rates, PFAs Exposure in FGN Securities Up 17% to N29.66trn
The hike in the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN) in an effort to tackle...
Nigeria’s oil, condensate reserves dip by 0.22 per cent
Nigeria’s oil and condensate reserves fell by 0.22 percent in January 2022 to 36.966 billion barrels in January 2023. Chief...
Debt servicing hits $112m monthly, says CBN
The Federal Government spent $112.35m servicing external debt in January 2023, according to findings by The PUNCH. Data from the...
CBN: Non-oil export proceeds to attract rebates
The Central Bank of Nigeria (CBN) yesterday released a new guideline for exporters repatriating export proceeds under a rebate scheme....
Nigerian banks intensify acquisition drive for African market share
Nigerian banks are expanding their reach across the continent through a series of acquisitions of smaller banks, in a drive...
Women Still Account For Less Than 25% Of Blue Boards – Agusto
Despite increased calls for gender diversity in leadership positions of companies, the board of highly capitalised companies, generally known as...
Nigeria collects only 40% of natural resources revenue – World Bank
The World Bank has disclosed that Nigeria and other metals and mineral resource-rich countries in Sub-Saharan Africa can double revenues...
Nigeria’s Trade Relations With The United States: How DXY Impacts The Nigerian Naira
Nigeria has long-standing trade relations with the United States. Numerous factors have affected these relations, including political instability, currency fluctuations,...
Oil production now one million barrels lower daily – FG
Nigeria’s oil production is currently lower than its technical allowable capacity by about one million barrels per day, the Federal...
$1.7bn Repatriated In 3months As CBN Plans To Publish RT200 Beneficiaries
The Central Bank of Nigeria(CBN) said, $1.7 billion had been repatriated into the Nigerian economy in the first three months...
18% MPR: 10 Banks Spent N542.8bn on Customers’ Deposits in Q1
With the Monetary Policy Rate (MPR) currently at 18 percent, a total of 10 banks spent N542.8billion on customers’ deposits...
FRONTPAGE UBA, Lafarge, Guinness lead Nigeria top firms in board diversity best practice
Agusto's report compares Nigeria, SA, US, UK 17 of 25 firms have male-dominated boards Only 32% of firms with 30%...
Report: UBA, Lafarge, Guinness Ranked Highest in Gender Diversity in Board Positions
Nigerian firms scored 25% on average diversity The Gender Diversity in Corporate Leadership report released by Agusto Consulting yesterday has...
Nigeria suffers first oil production fall in seven months
Nigeria’s crude oil output dropped by 38,102 barrels per day in March, translating to a cumulative loss of about 1,181,162...
Purchasing Power To Decline As FG Slams New Tax
The new tax law captured in the 2023 Fiscal Policy measures and was recently introduced by the federal government, has...
Prime Lending Rate Hits 13.97%, 25-month High on Hike in MPR
Following the hike in the Monetary Policy Rate (MPR) to 18 percent by the Central Bank of Nigeria (CBN), the...
Agusto Seeks Improvement in Nigeria’s Electric Power Production
By Adedapo Adesanya Research and credit ratings firm, Agusto & Co. has identified strategies for more improvement in the country’s...
Securitisation of Fed Govt’s unbudgeted N23.7tr CBN loans heightens macroeconomic risks
The securitization of the Federal Government’s N23.7 trillion Ways and Means may trigger stronger macroeconomic headwinds, with extensive repercussions on...
Subsidy removal: Spending on petrol may jump 250% to N8tn
Petrol consumers may pay about N8.4tn for Premium Motor Spirit, popularly called petrol, between July and December 2023 once the...
Naira gains as dollar liquidity rise by 107.24%
The foreign exchange (FX) market closed on Thursday with naira reporting a marginal gain of 0.03 percent over the United...
Top 10 banks pay N260.3bn as income tax
The top ten commercial banks listed on the Nigerian Exchange Limited (NGX) paid N260.3 billion as Company income tax (CIT) in 2022,...
Cash Crunch Induces High Loan Default Rate For Banks –Survey
The cash crunch experienced in the country in the wake of the Central Bank of Nigeria’s naira redesign policy induce...
Fed Govt’s unbudgeted CBN loans hit N23.7tr
The House of Representatives yesterday approved an additional N1 trillion in Ways and Means advances for the implementation of the...
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