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Petrol may hit N800/litre on subsidy removal – Marketers
As the scarcity of the Premium of Motor Spirit, popularly called petrol, continued on Sunday, oil marketers have stated that...
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New naira deadline: CBN monitors compliance in A’Ibom
The Central Bank of Nigeria has begun moves aimed at ensuring that banks in the country keep to the January...
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Rising petrol price hits N300 per litre
The scarcity of Premium Motor Spirit, popularly called petrol, grew worse across the country on Thursday, as massive queues were...
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Fuel scarcity bites harder, marketers blame NNPCL
As the petrol scarcity across the country continues to linger, oil marketers have accused the Nigerian National Petroleum Company Limited...
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Power generation drops to 2,200Mw
At 14:00 hours yesterday, power generation dropped to 2,200MW from 3,553MW at 13:00 hours. Of 24 power plants, only 10...
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Inflation eases to 21.34 per cent
Inflation rate eased by 0.13 per cent last December from the 21.47per cent in November, this year to 21.34 per...
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Equities open with N257b amid bargain-hunting
Nigerian equities reopened yesterday with a strong bullish sentiment as investors jostled to take positions in value stocks. Benchmark indices...
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Agusto Upgrades Wema Bank Funding SPV Series II Bond to ‘Bbb+’ with Stable Outlook
‘‘The rating assigned to the bond is hinged on the Sponsor’s upgraded rating of ‘Bbb’ and is a notch higher given that...
Read moreWe’ve been borrowing to fund petrol subsidy — Finance Minister
Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, said yesterday that the Federal Government was borrowing money to...
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Capital market players foresee election year turbulence, recovery
In this piece, UTHMAN SALAMI examines the performance of the stock market in 2022 and stakeholders’ expectations for this year Despite the...
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Stock market opens positive, investors gain N188bn
The stock market continued its 2022 end of year upward trend into the New Year (2023) with investors recording N188...
Read moreFG approves new whistleblower bill, cancels tax holiday
The Federal Government, on Wednesday, approved a new whistleblower draft bill. It also lamented that the existing whistle-blowing policy launched...
Read moreBanks reconfigure ATMs, new naira enters circulation today
The newly redesigned naira notes will go into circulation on Thursday (today) with Deposit Money Banks releasing the bills to...
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CBN: abuse Naira and go to jail
The Central Bank of Nigeria yesterday warned that those abusing the naira were liable to go to jail. The apex...
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Withdrawal limits: PoS operators, Falana head for court, Gbajabiamila faults Emefiele
Point of Sale terminal operators and Lagos-based human rights lawyer, Femi Falana, have said they will sue the Central Bank...
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FG stops COVID-19 mandatory test for travellers
The Federal Fovernment through the Nigerian Civil Aviation Authority on Monday said that pre-arrival or post-arrival testing for COVID-19 is...
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Net Forex inflow falls 54% to $15.86bn in 8mths
Net foreign exchange inflow to the economy fell 54 per cent, year-on-year, YoY to $15.86 billion in eight months to...
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Female miners want sector devt for economic growth
Female mining professionals have called for proper development and management of the country’s solid mineral sector to bring about a...
Read moreNigeria’s plastic waste hits 1.25mt – UN
Plastic waste in Nigeria has been on the increase due to the increasing consumption of plastics by citizens across the...
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Capital market players target higher GDP contribution
Stakeholders in the capital market have criticised the 10 per cent contribution of the Nigerian capital market to the economy....
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Debt servicing to gulp 123% of 2023 revenue
The World Bank has projected that debt servicing will gulp 123.4 percent of the Federal Government’s revenue in 2023. This...
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Withdrawal limits will cripple campaign funding, say parties
Political parties have kicked against the new cash withdrawal limits introduced by the Central Bank of Nigeria, stating that it...
Read moreFG to review criteria for disbursing N500bn loan
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the Federal Government will review the criteria being...
Read moreCash withdrawal: Emefiele insists on limits, Reps demand suspension
The Governor of the Central Bank of Nigeria, Godwin Emefiele, on Thursday, said the Nigerian economy was overdue to go...
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Nigeria’s oil production climbs to 1.6m barrels
Nigeria’s crude oil production is recovering, climbing right back to about 1.6 million barrels. Chief Upstream Investment Officer, NNPC Upstream...
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