Nigeria
CBN’s stress test clears banks
Banks are strong enough to withstand the COVID-19 pandemic impact, the Central Bank of Nigeria (CBN) stress test has revealed....
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Improved corporate earnings lift stock indices
For the first time since January, the Nigerian equities market closed higher for three consecutive weeks, as positive sentiments on...
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CHI Plc Raises N1.1bn as Rights Issue Records Success
Consolidated Hallmark Insurance (CHI) Plc has successfully raised N1.056 billion from existing shareholders through a rights issue of 2,032,500,000 ordinary...
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Insurers explore digital avenues to boost earnings, growth
Amid looming recession, insurers have began to explore digital avenues to aid the performance of their gross written premium from...
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Worship centres observe protocols in Ogun, Ekiti
Christians in Ogun and Ekiti states trooped into their churches on Sunday for the first time since last March following...
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Lagos imposes N20/trip levy on Uber, Bolt, others
The Lagos State Government has said ride-hailing operators will pay a levy of N20 known as road improvement fund, on...
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$62bn oil revenue: FG’s recovery effort suffers setback
AGF Malami makes a U-turn over $13.5bn demanded from Shell Oil firm drops suit against govt in exchange for withdrawal...
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Naira exchanges for 475/$ as forex scarcity persists
The naira on Friday exchange to the dollar at 475/$ at the parallel market as foreign exchange scarcity persisted. Continued...
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National Assembly to be Upgraded to e-Parliament, Says Clerk
The Acting Clerk to the National Assembly, Mr Olatunde Amos Ojo, has assured that the federal legislative body will soon...
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21.77m Nigerians now Jobless as Unemployment Rate Rises to 27.1%
The number of unemployed Nigerians rose to 21.77 million in the second quarter of this year (Q2 2020), compared to...
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Decline in new COVID-19 cases not end of pandemic, NCDC warns
The Nigeria Centre for Disease Control (NCDC) has warned that the recent decline in number of cases and deaths from...
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Adjusting for the Times: An Analysis of Nigeria’s Revised 2020 Fiscal Budget – Agusto & Co. MACRO REPORT
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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Second recession in four years looms, says FG
The Federal Government has said the likelihood of Nigeria sliding into another recession in the Third Quarter of 2020, making...
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$70 oil price required to sustain budget –FG
The Minister of State for Petroleum Resources, Timipre Sylva, has said the country needs an oil price of $70 per...
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FG dumps National Identity Card
The Federal Government on Thursday announced an imminent plan to replace the current plastic national identity card with a more...
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IPPIS: PENGASSAN, NUPENG threaten to shut down oil operations
Senior oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association and the Nigeria Union of...
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PenCom opens PFA transfer window
Contributors under the Contributory Pension Scheme (CPS) will be able to move their pension account from their current Pension Fund...
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Buhari, stakeholders seek local content, infrastructure expansion
President Muhammadu Buhari and other stakeholders in the oil and gas sector, yesterday, reiterated the need to expand local content...
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ECA: CBN fails to account for $11bn, Reps kick
The House of Representatives kicked on Thursday as the Central Bank of Nigeria failed to account for the $11bn withdrawn...
Read moreBulls sustain dominance as indices appreciated further by N50 billion
The bulls maintained dominance on the equities sector of the Nigerian Stock Exchange (NSE), as more blue-chip stocks join the...
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Nigeria’s oil exports threatened as US floods European market
The increasing flow of the United States crude into Europe is threatening to displace the region’s traditional light, sweet crudes,...
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Fed Govt pumps N8.5b to boost COVID-19 tests
Nigeria is to spend N8.49 billion on COVID-19 testing. The Federal Executive Council (FEC) approved the money at Wednesday’s meeting...
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Ground handlers rally airlines to right pricing, dollar rate
Worried by the operational challenges in the COVID-19 era, ground handlers and stakeholders have rallied airlines to the right pricing...
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Banks’ total assets rise to N47.82tn
The total assets of the banking sector rose to N47.82tn as of the end of June. A member of the...
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NDIC continues Fortis MfB liquidation, paying depositors
The Nigeria Deposit Insurance Corporation has said it adhered to statutory guidelines on the distress resolution and liquidation of Fortis...
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