Economy
Non-performing loans rise by N50bn on increased lending
Banks’ non-performing loans rose by N50bn to N1.17tn as of the end of August from N1.12tn as of the end...
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Price Hike: Will Labour Still Go ahead with the Strike?
The die is cast as the leadership of the organised labour mobilises their members and civil society allies for a...
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Fresh World Bank, AfDB, IDB loans may raise Nigeria’s debt to N31.7tn
Fresh loan disbursements expected from the World Bank, African Development Bank and Islamic Development Bank may raise Nigeria’s total public...
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FMDQ Turnover Sheds N4.5tn in August
Investments at the Fixed Income and Currency (FIC) markets suffered a setback in the month of August as investors reduced...
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It’s Not in NNPC’s Interest to Remain Sole Importer of Petrol, Says Mele Kyari
The Nigerian National Petroleum Corporation (NNPC), has said that it was not in the national oil company’s interest to remain...
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UK to Nigeria: We Determine Who Gets Our Visa
The United Kingdom has responded to the Nigerian government’s condemnation of its threat to impose a visa ban on perpetrators...
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Labour Adamant, Intensifies Mobilisation for Strike Monday
•FG obtains fresh restraining order as Ngige warns against lawlessness •Strike will worsen economy, governors tell labour •HoS directs civil...
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COVID-19: Second wave looms amid lax safety protocols
With 125 additional new cases as at last Thursday, the number of confirmed cases of Coronavirus (COVID-19) disease in Nigeria...
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Sanwo-Olu flags off construction of 377 roads, power projects
The governor of Lagos State, Mr. Babajide Sanwo-Olu, on Friday flagged off the construction of 377 projects across all the...
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PenCom recovers N17.52bn from defaulting employers
The National Pension Commission has recovered N17.52bn from employers who deducted monthly pensions from their workers’ monthly salaries but refused...
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Foreign portfolio investments drop by N124b
INVESTORS apathy to Nigerian securities amid foreign exchange control, illiquidity and other macroeconomic risks have affected foreign portfolio investments in...
Read moreLabour shuns ruling stopping strike, talks with FG deadlocked
National Industrial Court rules on anti-strike suit filed by a group We don’t know them, they are not our employers,...
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‘Nigeria has potential for over a million vehicles a year’
The automotive industry has revved up to a higher gear in Africa, with South Africa and Morocco currently the only...
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Emirates to parley Fed Govt on flight ban
Emirates Airlines is engaging the Federal Government on a flight ban extended to the Middle East carrier this week. The...
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174,574 apply for COVID-19 N75bn MSME survival fund
Within 48 hours a total of 174,574 persons successfully registered for the N75bn National MSME Survival Fund and the Guaranteed...
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PenCom approves shared service initiative to accelerate data recapture
• Considers self-service remote recapturing • Only 11 states remit pension contributions under CPS The National Pension Commission (PenCom),...
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Stock Market Boosted As Investors Gain N106bn
rice appreciation in Nigerian Breweries (+10.0 per cent), Dangote Cement (+0.9%) and Guaranty Trust Bank (+2.0%) buoyed positive returns in...
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Lagos agency launches fuel station for ferries
The Lagos State Waterways Authority on Tuesday launched its first-ever fuel station on the Lagos inland waterways. The station...
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NNPC seeks capacity upgrade for indigenous operators
The Nigerian National Petroleum Corporation has said indigenous companies operating in the nation’s oil and gas sector must upscale their...
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BDCs Seek Approval for Electronic FX Trading
The Association of Bureaux De Change Operators of Nigeria (ABCON) yesterday appealed to the Central Bank of Nigeria (CBN) to...
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Total commits N1.2bn to fight COVID-19
Total Nigeria, a major oil company with operations in the upstream and downstream sectors of the oil industry, has said...
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Dangote Cement pays over N1 trillion dividends in seven years
Dangote Cement has paid its shareholders over N1trillion as dividends in the past seven years, as part of efforts to...
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NSE admits United Capital’s N10bn bond
The Nigerian Stock Exchange (NSE) yesterday admitted United Capital Plc’s N10bn 5 Year 12.5 per cent Senior Unsecured Fixed Rate...
Read morePetrol price, electricity tariffs: Labour set to begin strike
Labour on Tuesday set Monday for “unprecedented mass action” and “total strike” to get the government to reverse the hike...
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CBN prepares for recession, reduces benchmark lending rate to 11.5%
The Central Bank of Nigeria on Tuesday reduced the Monetary Policy Rate by 100 basis points from 12.5 per cent...
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