Nigeria
MTEF: Senate threatens zero budget for CBN, NPA, NCC, NIMASA, others
The Senate Joint Committee on Finance and National Planning, yesterday threatened not to approve the budgets of Federal Government’s agencies...
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Ethiopian Airlines defies FG, resumes flight to London Friday
First flight departs Lagos, 11.40am, Friday (from N619, 561); second flight, 4.30pm (from N390,269) No commercial flight has been cleared...
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NAICOM releases fresh guidelines for insurance recapitalization
The National Insurance Commission (NAICOM), has released fresh guidelines for the payment of minimum paid-up share capital by insurance and reinsurance...
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Citigroup Appoints Samuel-Ogbu Country Head for Nigeria
Citigroup Inc. has appointed Ireti Samuel-Ogbu as its Nigerian country officer, the first time a woman has been appointed to...
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Stock market advances with N18bn gain
The nation’s stock market closed higher on Wednesday as the bulls maintained their grip on the market following gains recorded...
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ATMs dispense N30tr in six years despite errors
• Nigerians groan over failing ePayment channels • 70,000 ATM shortfall slows operations • Poor network, downtime deepen crises • Dispense...
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Renewed War over 774,000 Public Works Jobs as N’Assembly Rejects Slots
The controversy over the 774,000 public works jobs of the federal government resurfaced yesterday as the National Assembly said that...
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Pandemic may push trade costs higher, says WTO
The World Trade Organisation (WTO), has issued a new note warning of possible increases to trade costs due to COVID-19...
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Access Bank Secures $93m Syndicated Loan
Access Bank Plc has announced the signing of a Subordinated Syndicated Loan Agreement totalling $93.8 million with the Dutch development...
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Nigeria gets first electric motorcycles
MAX.ng, a motorcycle-hailing and delivery service provider, has introduced its MAX Series M1 fleet of electric motorcycles in Nigeria. ...
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FG recorded N488bn fiscal deficit in April – CBN
The Federal Government recorded a fiscal deficit of N488bn in April. The Central Bank of Nigeria disclosed this on Tuesday...
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Renewed bargain-hunting lifts stock market index by N2b
Trading on the equities sector of the Nigerian Stock Exchange (NSE), closed upbeat yesterday, occasioned by renewed bargain-hunting in some blue...
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FMDQ lists N6.2 b LAPO Microfinance Bank Bonds
LAPO Microfinance Bank Limited has raised N6.2 billion capital through Series II Senior Unsecured Bonds issuance. The bonds issuance, which...
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Pension Assets Estimated to grow by 8.5% in 2020 despite a slowdown due to the COVID-19 pandemic
The Nigerian Pension Industry (‘the Industry’) has evolved over the years from one with predominantly public sector participants running a...
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Banks ration forex as dollar scarcity bites harder
BANKS and businesses are the worse hit by the continued dollar scarcity in the economy, analysts have said. Nigeria is...
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NBS: Inflation rose to 12.82% in July
The National Bureau of Statistics (NBS) yesterday said inflation rose by 12.82 per cent in July 2020. NBS, in its...
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Reforms delay $1.5b World Bank loan to Nigeria
THE World Bank is unlikely to approve the much-needed $1.5 billion for Nigeria this month as planned due to concerns...
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International flights resume August 29
Five months after the suspension of international flights as part of measures to contain the spread of the COVID-19 pandemic,...
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Tax Regulators, Property Consultants Disagree on Multiple Charges in Real Estate Sector
Property consultants and experts in taxation in the private sector believe the real estate sector in Nigeria is bogged down...
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FG suffers N1tn revenue shortfall in five months
The Federal Government on Monday released guidelines and instructions that must be followed by all its ministries, departments and agencies...
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Report: Declining Discos’ Collections May Worsen Liquidity Challenge
The liquidity challenge in the Nigerian electricity sector may become worse due to the decline in collections this year by...
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Adjusting for the Times: An Analysis of Nigeria’s Revised 2020 Fiscal Budget – Agusto & Co.
A season of gloomy forecasts The Covid-19 pandemic has dealt a huge blow to the global economy. What is fundamentally...
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Lagos extends market hours
The Lagos State Government has extended the hours of operations of both food markets and non-food markets. They are now...
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Economy already in recession, say experts
Ahead of the official release of the Gross Domestic Product (GDP) result for second quarter of 2020, some economists have...
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Debt servicing gulps N1.57tn in six months
The Federal Government spent a total of N1.57tn on debt servicing in the first six months of the year, the...
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