Economy
FG, Labour for Crucial Meeting over Increases in Petrol, Electricity Tariffs
The federal government has agreed to meet with members of the organised labour next Tuesday as a fallout of the...
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COVID-19: Cash-strapped tenants face ejection
• May Worsen Tenant-Landlord Relationship • Property To Remain Unoccupied Longer • Experts Propose Monthly Rent Payment • Say Pandemic Doesn’t Stop...
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Nigeria’s petrol deregulation threatens imports from Europe
Petrol imports from Europe to Nigeria may fall sharply following the deregulation of the price of petrol by the Federal...
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Delta Resumes Lagos to Atlanta Flight
Delta Airlines resumed operations from Lagos to Atlanta on Wednesday. A statement from the airline said it would fly four...
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Dubai-bound passenger arrested with 2886 ATM cards
A man has been arrested at the Lagos airport with 2,886 Automated Teller Machine (ATM) cards just before his flight...
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Naira plunges, exchanges for N440/$
The naira exchanged to the dollars for N440 in the parallel market on Thursday, despite the resumption of forex sales...
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Prepare for COVID-19 Vaccines’ Airlift
As the United Kingdom, the US and other countries prepare to launch their coronavirus vaccines to protect the people from...
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Nigeria’s cocoa production falls as Ghana, Côte d’Ivoire enjoy boom
• Production falls from 300,000 to 245,000 metric tonnes • Low budgets, poor grading, others identified as factors • Researcher...
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Stock market rebounds with N50bn gain
The Nigerian equity market closed in the green on Thursday as investors began to take position on the undervalued stocks....
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Oil rises slightly to $40, demand concerns persist
Crude oil prices on Wednesday clawed back some of the losses they sustained in the previous session, but a rebound...
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Pipeline repairs cost NNPC N41.98bn in six months
The Nigerian National Petroleum Corporation has said it spent a total of N41.98bn on pipeline repairs and management cost in...
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Three bank CEOs quit NESG Board over stance on CBN’s economic interventions
CHIEF Executive Officers (CEOs) of three prominent banks have resigned their membership of the Nigerian Economic Summit Group (NESG) board....
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Banks Record N263.78tn Electronic Payment Transactions
The total value of transactions through electronic payment channels recorded in the second quarter of 2020 stood at N263.78 trillion...
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Nigeria’s debt hits N31tr
Nigeria’s total debt stock has risen in the last three months to N31.009 trillion ($85.897 billion), from N28.628 trillion ($79.303billion),...
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Malabu: FG asks Shell, Eni to pay $1.92bn damages
The Federal Government asked a Milan court on Wednesday to order Eni and Royal Dutch Shell to pay $1.09bn as...
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Nigeria’s Forex Inflow Fell 43% in May
Foreign exchange (forex) inflows into the Nigerian economy fell by 43.2 per cent to $5.52 billion in May 2020, the...
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Profit-taking drags stock indices further by N38 billion
Profit-taking continued to take a toll on the equities sector of the Nigerian Stock Exchange (NSE), extending negative sentiment to...
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Chams Launches Pensioner Identity Mobile Solution
As part of efforts to boost earnings and deliver value to all stakeholders, Chams Plc has launched a new innovative...
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Meter manufacturers urge review of import levies as patronage drops
The Electricity Meter Manufacturers Association of Nigeria (EMMAN), has appealed to the Federal Government to review its decision on one-year...
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Customs may cut 70% jobs after $3.1bn automation
There are strong indications that the Nigeria Customs Service (NCS) may lose about 70 per cent of its workforce if...
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Buhari orders quick release of N2.3tr stimulus funds
PRESIDENT Muhammadu Buhari on Tuesday ordered the “speedy and timely released” of the N2.3 trillion Economic Sustainability Package to “cushion...
Read moreForeign exchange inflows fell to $5.52bn in May
Foreign exchange inflows into the country fell to $5.52bn in May, the latest figures from the Central Bank of Nigeria...
Read more‘Our refinery’ll meet demand for black oil’
The Edo Modular Refinery operated by Edo Refinery and Petrochemical Company Limited is expected to meet 100 per cent of...
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Electricity consumers insist new tariff ill-timed
The implementation of a new tariff by the electricity distribution companies (DisCos) across Nigeria, has stoked a controversy with the...
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5,180 BDCs get $51.8m on forex sales resumption
About 5,180 Bureau De Change operators got $10,000 each as the Central Bank of Nigeria fully resumed foreign exchange sales...
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