Nigeria
Uncertainty, sluggish reforms dampen 2021 economic outlook
Though the economy is expected to exit recession in the new year, the Organised Private Sector (OPS) is wary about...
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National Assembly transmits N13.5tn budget to Buhari
The National Assembly has transmitted the 2021 Appropriation Bill of N13.5tn to the President, Major General Muhammadu Buhari (retd.). The...
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W’Bank Urges Nigeria, Others to Tackle Corruption in State Owned Enterprises
The World Bank has offered Nigeria and other countries that have State Owned Enterprises (SOEs) potential solutions to corrupt and...
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Banks’ loan defaulters almost wrecked Nigerian economy – AMCON
The Asset Management Corporation of Nigeria has said that loan defaulters of Deposit Money Banks who are on its books...
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72 hrs to end of year: Buhari yet to assent to 2021 budget
Jan-Dec circle threatened We’re studying document – Presidency Seventy-two hours to the end of the year, the 2021 appropriation bill...
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BoI concludes $1bn syndicated term loan
The Bank of Industry has announced the successful conclusion of a landmark $1bn loan syndication transaction aimed at improving the...
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Telecoms Operators Groan as States Hike Charges
Telecoms operators are lamenting the recent hike in telecoms charges by federal and state government agencies, a situation that has...
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Workers withdrew N2.18bn pension savings in Q3 – PenCom
About 1,286 workers under the Contributory Pension Scheme withdrew N2.18bn from the voluntary contributions in their Retirement Savings Accounts with...
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Investors Swoop on Dangote Cement on Share Buyback
The shares of Dangote Cement Plc gained 16.95 per cent last week as investors flocked to the stock following the...
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14 insurers to pay N9.7bn #EndSARS riot claims
Fourteen insurance companies will pay about N9.7bn claims to different customers that suffered losses from the lootings and destructions that...
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New cheque standards: An innovation of dying habit
From January to October this year, the Nigeria Inter-Bank Settlement System (NIBSS) processed a total of 3.94 million cheques. The...
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CBN: Naira recovery against dollar to begin February 2021
THE Central Bank of Nigeria (CBN) has said the naira will begin recovery against the dollar and other global currencies...
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ABCON Seeks to Become Payment Agents for Diaspora Remittances
The Association of Bureaux De Change Operators of Nigeria (ABCON) has appealed to the Central Bank of Nigeria (CBN) to...
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Market Gains 5.4% as Investors Stake N20bn on Shares
The stock market ended last week on another positive note as the Nigerian Stock Exchange’s (NSE) All-Share Index (ASI) rose...
Read moreWill Economy be Better in 2021?
As 2020 draws to a close, many Nigerians look towards 2021 uninspired by the catatonic state of the economy. The...
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COVID-19: Lagos, CAN may clash as Buhari mourns 20 doctors
• FG Vows To Prioritise Health Workers’ Welfare • No Vigil, Lagos Insists • Crossover Services Will Hold From 10pm...
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Mikano Motors to roll out gas, electric vehicles
Mikano Motors, a subsidiary of Mikano International Limited, has completed plans to roll out autogas vehicles and electric cars in...
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Bill Gates wonders why numbers of cases, deaths are not high in Africa
Bill Gates, a co-founder of Microsoft and Bill and Melinda Gates Foundation (BMGF), has said he does not understand why...
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Nigeria’s duty-free export to US shrinks to $351.73m
Nigeria’s export to the United States under a duty-free policy declined in the first nine months of 2020, recording $351.73m...
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Insecurity: Reps drop Buhari invitation, apologise to Presidency
The House of Representatives is no longer keen on inviting President Muhammadu Buhari to address it on the security challenge...
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Third Mainland Bridge shut for three days
The federal government has shut the Third Mainland Bridge in Lagos to enable it carry out urgent repairs. The closure...
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Dangote refinery, a potential game-changer, says Platts
The Dangote refinery in Nigeria will be a “potential game-changer” once it comes online, according to a report by Platts...
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Nigeria’s Q3 oil exports to US suffer 820,000-barrels drop
The volume of Nigerian crude oil bought by the United States dropped by 11.83 per cent in the third quarter...
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COVID-19: Foundation opposes forced vaccination, religious restrictions
The Equity International Initiative (Ell) has cautioned the Federal Government against forceful vaccination of the COVID-19 vaccines on Nigerians. The...
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Movers, shakers of economy in 2020
As it would be expected, in early 2020, economic activities had not gained much traction before Nigeria fell to the...
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