Refineries posted N123.3bn loss in 10 months – NNPC
The country’s refineries under the management of the Nigerian National Petroleum Corporation made a cumulative loss of N123.25bn from January...
Oil firms may stake $30 billion on exploration this year
Globally, about $25 billion to $30 billion will be spent on oil exploration activities although cost efficiency challenges may slip...
ACCA study sees low economic confidence, debt risks
A gauge of the nation’s economic confidence in the fourth quarter (Q4) 2019, showed not jus a dip, but a...
Analysts predict decline in T-bills, bond yield
Analysts at Cordros Capital Limited have said yields on Treasury bills and bonds are expected to decline by about 100...
Dangote Cement Shareholders Approve Share Buy-Back Plans, Commends Board
Shareholders of Dangote Cement Plc yesterday unanimously approved the proposal of the company to buy back 10 per cent of...
Inflation, capital flow top agenda at MPC
Members of the Central Bank of Nigeria (CBN)-led Monetary Policy Committee (MPC) will today converge on Abuja for a two-day...
Stock market sustains sliding profile, as indices plummet by N2b
The Nigerian equities market sustained prior day’s downtrend yesterday, as more bluechip stocks prices shed some weight, resulting to a...
Oxford English Dictionary recognises some Nigerian English words
The Oxford English Dictionary on Tuesday admitted 29 Nigerian words and expressions in its January updates to the dictionary. ...
Subsidy may rise as fuel marketers demand higher margins
The Federal Government may have to spend more on petrol subsidy as oil marketers in the country have called on...
Nigeria Presents $114bn SDGs Private Sector Investment Opportunity
A study by Standard Charted Bank has revealed that the about $114.2 billion private-sector investment opportunity in contributing to the...
Shipping sector needs $1 trillion to decarbonize by 2050, says report
About $1trillion of capital investment in land-based and ship-related infrastructure is required to halve international shipping’s greenhouse gas emissions by...
Bank customers groan as glitches mar e-transactions
Many customers of the tier 1 bank, Guarantee Trust, yesterday lamented their inability to seamlessly make online transactions due to...
$1.8trn available for investments in Africa — AfDB
The African Development Bank (AfDB) has said the total assets under management alone by pension funds, sovereign wealth funds and...
PFAs invest N7.40tn in FG securities, infrastructure
About N7tn of the N9.99tn pension fund assets has been invested in the Federal Government securities by Pension Fund Administrators....
Investors Trade N3.7 Billion Shares as Market Pares Gains
Investors staked N3.713 billion on 272.839 million shares in 4,945 deals at the stock market yesterday, even as price losses...
Why national carrier plan failed
The inability of the Federal Government to yet get credible technical partners and investors to support the proposed new national...
IMF: Rwanda GDP to Grow 8% in 2020
Rwanda’s economy is expected to grow by eight per cent this year and in 2021 versus an estimated 8.5 per...
Oil price hits $65 as Libyan oilfields shut down
Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya...
NOVA Bank appointed to collect import duty, others
NOVA Merchant Bank has been appointed as a designated collecting bank for import, excise and other duties by the Nigeria...
Royal Exchange’s directors hold emergency meeting on accounts
DIRECTORS of Royal Exchange Plc are expected to meet today in an emergency meeting to consider the group’s financial statement...
PenCom orders PFAs to raise retirees’ pensions
The National Pension Commission has directed the Pension Fund Administrators to implement pension enhancement for retirees on programmed withdrawal under...
Buba Now SunTrust Bank CEO
SunTrust Bank Limited has appointed Mrs. Halima Buba as its Managing Director/Chief Executive Officer. The Central Bank of Nigeria...
Global FDI declines to $1.39 trillion, says UN
United Nations Conference on Trade and Development (UNCTAD), has said global foreign direct investment (FDI) remained flat in 2019, standing...
Investors regain confidence as market gains N48bn
Investors in the equity market have regained confidence in the market following the extension of the gaining streak. The...
NAICOM approves new leadership for FIN to boost productivity
The apex regulatory authority in Nigeria’s insurance market has confirmed the appointment of top executive at FIN Insurance Company Limited.The...
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