Economy
Lagos communities resort to self-help, keep vigil to check rising invasion by robbers
• Supports the formation of vigilante groups to thwart looting • Group condemns calls to relax stay-at-home directive After...
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Buhari Excited as EU Donates N21bn to Nigeria
The European Union (EU) yesterday donated €50 million, an equivalent of N21 billion, to support Nigeria’s fight against COVID-19 to...
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80,000 apply for CBN’s N50bn COVID-19 intervention fund
Three weeks after the Central Bank of Nigeria released the guidelines for the N50bn targeted credit facility, over 80,000 applications...
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Oil hovers around $31 despite OPEC+ cut deal
Nigeria may earn about $10.61bn from crude oil sales between May and December this year following latest decision by members...
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Crude cuts: Nigeria to earn $10.61bn in eight months
Nigeria may earn about $10.61bn from crude oil sales between May and December this year following latest decision by members...
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How to access N50bn COVID-19 intervention fund – CBN
The Central Bank of Nigeria says interested stakeholders must meet its set criteria to access its N50bn intervention loans for...
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Buhari, task force meet today over nationwide lockdown
We’ve collected data for possible lockdown in all states – PTF Lagos begins house-to-house search for COVID-19 suspects Nigeria’s cases...
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Agusto Anticipates Drop in Banks’ Profitability
The Founder, Agusto & Co, Mr. Bode Agusto, has predicted that Nigerian banking industry profitability will drop in 2020, following...
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World Bank predicts sharp fall in Nigeria’s GDP
The World Bank has predicted a sharp fall in Nigeria’s real gross domestic product growth as countries in sub-Saharan Africa...
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FG to maintain narrow fuel price band as OPEC+ deepens cuts
With concerns raised about the ability of petroleum marketers to adjust their pump price under the month pricing template, the...
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Nigeria, 89 other countries eye $100b IMF loans
Nigeria and 89 other global economies have indicated interest to borrow at least $100 billion emergency fund from International Monetary...
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Unilever Nigeria’s Revenue Dips to N60.5bn
Unilever Nigeria has released its audited financial statements for the year ended December 31, 2019. The company recorded turnover of...
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Fix refineries before petrol subsidy removal – PENGASSAN, NUPENG
The National Union of Petroleum and Natural Gas Workers has said any deregulation in the petroleum sector that is still...
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NNPC in compliance with pump price template
The NNPC Retail Ltd., one of the downstream subsidiaries of the Nigerian National Petroleum Corporation (NNPC), has clarified that all...
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Experts worried about banks’ growth amid pandemic, falling oil price
Experts have expressed fears about the bubble that may arise in the banking sector, should government fail to provide a...
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Petrol subsidy: Oil marketers seek flat rate for dollar
Oil marketers on Tuesday advised the Federal Government not to give special advantage to any person or group of persons...
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Chinese firm injects $221m equity into Lekki Ports
China Harbour Engineering Company (CHEC) one of the shareholders of the Lekki Deep Sea Port Projects under construction at the...
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OPEC+ mulls three-month output cut as oil hits $33
Countries belonging to the OPEC+ group are discussing the idea to implement oil production cuts for at least three months...
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Naira to experience more pressure –Report
The naira will experience more pressure due to slump in the crude oil prices, as the economy grapples with challenges...
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United Capital Raises N5.3 Billion in Commercial Paper to Boost Operations
United Capital Plc, a leading pan-African financial and investment services group has successfully raised N5.3 billion in a Series 1...
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World Health Day: WHO pays tribute to health workers battling COVID-19
The World Health Organisation (WHO) Regional Office for Africa in Brazzaville, Congo, has paid tribute to all healthcare workers battling...
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CBN warns against rising COVID-19 cyberattacks
The Central Bank of Nigeria has urged bank customers to avoid cybercriminals who are taking advantage of the COVID-19 pandemic...
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Nigeria to borrow $6.9bn from World Bank, IMF, AfDB
The Federal Government is to raise the sum of $6.9bn through external borrowing from the World Bank, the International Monetary...
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NNPC: no more payment of oil subsidy
GROUP Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has said Nigeria would no longer pay...
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‘Naira depreciation could rekindle foreign portfolio investors’ interests’
Analysts in Nigeria’s financial sector have expressed optimism that the Central Bank of Nigeria’s (CBN) adjustment of the Foreign Exchange...
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