Economy
Buhari to flag off $2.8bn Ajaokuta-Kaduna-Kano pipeline project Tuesday
President Muhammadu Buhari will flag-off the construction of the$2.8billion Ajaokuta-Kaduna-Kano (AKK) pipeline project tomorrow. The project will eventually break through...
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Insurance generates N490 billion in 2019 financial year
The Nigerian Insurers Association (NIA), has revealed that the volume of business written by the industry rose to N490 billion...
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NSE Lists Benefits of Sustainability Reporting for Quoted Firms
The adherence to the disclosure of environmental, social and governance (ESG) principles is increasingly becoming a tool for meaningful engagement...
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World Bank to Nigerians: brace for worst recession
The World Bank has urged Nigerians to brace for the worst recession since the 1980s. According to the blobal...
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Business operators lack trust in economy – CBN report
Business operators in different sectors showed a lack of trust in the economy in June, a new report by the...
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Weak sentiments persist as investors lose N68b in three trading days
Weak sentiments persisted on the equities sector of the Nigerian Stock Exchange (NSE), as more blue-chip stocks suffered price fall,...
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N9.8bn Debt: AMCON Seizes Multi-billion Naira Properties at Isheri
The Asset Management Corporation of Nigeria (AMCON) thursday moved against debtors owing the federal government N9.8billion by seizing their multi-billion...
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‘17 banks to restructure over 32,000 loans’
SEVENTEEN Deposit Money Banks (DMBs) have submitted requests to restructure 32,000 loans in their portfolios to the Central Bank of...
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Nigeria’s exports to China, India, others hit N1.87tn
Commodity exports from Nigeria to China, India, Spain, Netherlands and South Africa in the first quarter of this year hit...
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‘Over-subscription of N150b Sukuk confirms NSE’S absorptive capacity’
Stockbrokers at the Nigerian Stock Exchange (NSE), have described the recent oversubscription of the Sukuk Ijarsh, as a confirmation of...
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FEC approves N2.3tn stimulus plan
The Federal Executive Council on Wednesday approved the N2.3tn stimulus plan proposed in the Nigeria Economic Sustainability Plan designed to...
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FG unbundles NIPOST, creates three subsidiaries
The Federal Government is unbundling the Nigerian Postal Service into three subsidiary companies which will operate on the principle of...
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Tension at NNPC as PENGASSAN threatens strike
There was tension at the Nigerian National Petroleum Corporation on Wednesday, prompting the Petroleum and Natural Gas Senior Staff Association...
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‘Global Cash, ATM Transactions Drop By 50%’
A recent virtual press conference that was jointly organised by AppsFlyer and Google has revealed that since the outbreak of...
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Nigeria records N124.77b deficit in Q1
Nigeria recorded a trade deficit of N125. 77billion in the first quarter (Q1) of this year, the National Bureau of...
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IMF cuts Nigeria’s GDP forecast, says economy’ll shrink by 5.4%
The International Monetary Fund has downgraded Nigeria’s 2020 growth projection, saying the economy will shrink by 5.4 per cent. ...
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Oil production threatened by non-compliance to COVID-19 protocols
Nigeria’s ability to meet its monthly oil production quota and revenue target may become hampered if rising cases of coronavirus...
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Berger Paints’ N3.6bn Revenue, N449m Profit Excite Shareholders
The revenue of N3.5 billion and profit after tax (PAT) of N448.7 million posted by Berger Paints Nigeria Plc for...
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Access Bank to recover 3 months stamp duty from customers
Access Bank Plc has disclosed that it recently discovered a mistake in its operations records, whereby stamp duty charges on...
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Reps summon Minister, SON over unaudited accounts
The House of Representatives on Tuesday summoned the Minister of Industry, Trade and investment, Otumba Niyi Adebayo and the management...
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Lagos Pays N1.157bn Accrued Pension
The Lagos State government said it paid accrued pension right of N1.157 billion to 368 public service retirees. The...
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Nigeria criticises breach of agreements on ECO currency
Nigeria has objected to alleged breach of agreements on the single currency programme for West African countries by the French-speaking...
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EU, UN Deliver $22m Essential Medical Supplies to FG
The European Union (EU) and United Nations (UN) have delivered essential medical supplies to the federal government of Nigeria to...
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ECOWAS Endorses Okonjo-Iweala’s Nomination as WTO Director General
The Heads of State and Governments of the 15 Economic Community of West African States (ECOWAS) member states have endorsed...
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Banks caution customers, say frauds on the rise
Bank scams are increasing as more customers are adopting electronic means of payment since lockdown was introduced in the country...
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