Economy
Protests spread, 125 arrested, police guard embassies, MTN
• Nigeria, Malawi issue travel alerts, Zambian radio bans South African songs • My sister-in-law was burnt alive during attacks,...
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NIPCO to extend gas facility to 25 off-takers
NIPCO Plc, one of the distributors of Liquefied Petroleum Gas (LPG), plans to extend its 10,000metric tons (mt) production to...
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How digital trends will affect financial services’ roles
Then evolving global trends in digitisation will not just reduce manual processes, but will cut cost to barest minimum, ensure...
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World Bank, China tops Nigeria’s creditors with $11.46bn
The World Bank and the Exim Bank of China are Nigeria’s largest creditors with a combined portfolio of $11.46bn, data...
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Stakeholders seek solution as vandals break 45,347 pipeline points in 18yrs
Stakeholders who converged on the Nigeria International Pipeline Technology and Security Conference and Exhibition, have urged for collaborative that will...
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Xenophobia: Air Peace offers to evacuate Nigerians from South Africa
Domestic carrier, Air Peace, says it is willing to evacuate Nigerians to complement efforts of the Federal Government to check...
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Stanbic IBTC declares N1 interim dividend
Stanbic IBTC Holdings PLC, a member of the Standard Bank Group, has announced its mid-year audited results for the period...
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Xenophobia: Lagos condemns attack on Shoprite
The Lagos State Government, on Tuesday, condemned the attacks on Shoprite Complexes at Jakande and Sangotedo area of Ajah, over...
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NNPC redeploys NPDC staff to meet reserve target
The Nigerian National Petroleum Corporation (NNPC) has clarified the redeployment of 12 management staff of its flagship upstream subsidiary, the...
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Embattled B737Max test flights, certification to begin next month
Federal Aviation Administration (FAA) will be conducting certification flights for the embattled Boeing 737 Max starting in October.The certification follows...
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CBN Lists Conditions for Establishing Subsidiaries, SPVs by DFIs
The Central Bank of Nigeria (CBN) has listed conditions for the establishment and operations of subsidiaries and special purpose vehicles...
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GDP Slows to 1.94% in Q2
Nigeria’s Gross Domestic Product (GDP) growth rate dropped to 1.94 per cent (year on year) in real terms in the...
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Nollywood and Nigerian Music: Redefining the Industry through Digital Distribution
Over the last three years, the Entertainment Sector has evolved into a more important segment of the Nigerian economy, on...
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Report: FG Generated N3.86trn Revenue in 2018, Expended N5.85trn on Recurrent Expenditure
The federal government’s recurrent expenditure (including statutory transfers) stood at N5.85 trillion in 2018, while total revenue earned same year...
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New calibration aircraft to save Nigeria N305 million yearly
The newly acquired equipment calibration aircraft has been estimated to save Nigeria at least N305 million yearly. The aircraft, a...
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Nine banks increase loans to customers by N952bn
NINE of the nation’s deposit money banks boosted their loan books in the first half of 2019 as credit to...
Read moreCrude-for-fuel deal on till 2023, says NNPC
THE crude-for-fuel swap deal will continue because the refineries are not functional, the Nigerian National Petroleum Corporation (NNPC), explained on...
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Oil slips as US, China add more tariffs in trade war
Oil prices weakened yesterday after new tariffs imposed by the United States and China came into force, raising concerns about...
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Experts want increased participation in debt capital market
With only three per cent adult patronage in the capital market, stakeholders have urged retail investors to patronise the debt...
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Stock market begins September with N19bn gain
The equities market opened trading in September on a positive note as investors gained N19bn. Analysts at Afrinvest Securities Limited...
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AfDB okays $20b for transport infrastructure
The African Development Bank (AfDB) has invested over $20 billion in transport infrastructure on the continent in the last one...
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FG Shuts down Lagos-Ibadan Expressway Today
The federal government will today shut down a portion of the Lagos-Ibadan expressway partially for rehabilitation work to be carried...
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CBN intervention to retail secondary market hits $13bn in 1yr
Data compiled by Daily Trust show that the Central Bank of Nigeria (CBN) has made interventions in the retail Secondary...
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N7.9tr dirty notes: CBN’s deadline ends today
THE three-month deadline set by the Central Bank of Nigeria (CBN) for bank customers to deposit dirty naira notes in...
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Lagos pays retirees N4.25bn in four months
Lagos State paid N4.25bn accrued pension benefits to its retirees under the Contributory Pension Scheme since the inception of the...
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