Economy
Uncertainty persists as 32 mortgage banks scale recapitalisation hurdle
*15 downscales to MFBs, Finance Houses The dust is yet to settle on the recapitalisation exercise in the mortgage sector even…
Browsing: Economy
Economy
Economy
Market capitalisation drops by N72bn in NSE
Trading in the Nigerian Stock Exchange (NSE) for the second consecutive day maintained a downward trend as the market capitalisation lost N72…
Economy
Ecobank faults IMF report on corporate governance
Ecobank Transnational (ETI) has faulted the report of the International Monetary Fund (IMF) which indicted the Bank group of poor corporate governance…
Economy
Seplat acquires Chevron oil assets, OML 55 for N67bn
Seplat Petroleum Development Company Plc, Thursday, said it has acquired Chevron Nigeria Limited's 40 per cent stake in Oil Mining Lease 53…
Economy
Forensic audit indicts NNPC, NPDC for non-remittance of $1.48bn
The Nigerian National Petroleum Corporation, NNPC, and the Nigerian Petroleum Development Company, NPDC, have been indicted by the PriceWaterHouse Coopers’ (PWC) forensic…
Economy
NAICOM expresses commitment to strengthen insurance industry
The National Insurance Commission (NAICOM) said on Wednesday in Benin that it was committed to strengthening insurance institutions through the implementation of…
Economy
Nigeria loses N535.3m daily to pipeline vandalism, says NNPC
The Nigerian National Petroleum Corporation (NNPC) on Wednesday deplored the recent increase in attacks on crude oil and gas pipelines, saying that…
Economy
I STAND BY MY STATEMENTS
By Chukwuma Charles SOLUDO, CFR 1. My attention has been drawn to statements credited to the Hon. Minister of Finance and Coordinating…
Economy
U.S. encourages commercial development of the moon
The U.S. government said it has taken a new, though preliminary step to encourage commercial development of the moon. The Federal Aviation…
Economy
Crude Oil: Nigerian capital market loses N1.63trn in January
Investors net worth on the Nigerian Stock Exchange has depreciated by 14.70 per cent for January, from 0.33 per cent growth achieved…
Economy
Oil prices fall after new build in U.S. crude stocks
Oil prices fell on Wednesday after a new build in U.S. crude stock levels put a global glut back in focus. U.S.…
Economy
FG sanctions 4 mining coys for violating environmental laws
The Ministry of Mines and Steel Development said that it had sanctioned four mining companies operating in Kogi for non-compliance with the…
Economy
NAICOM expresses commitment to strengthen insurance industry
The National Insurance Commission (NAICOM) said on Wednesday in Benin that it was committed to strengthening insurance institutions through the implementation of…
Nigeria loses 40% of stake to foreign investors, say operatorsNigerian
Operators in the e-commerce ecosystem have attributed the apathy of local investors to the lucrative and booming e-commerce sector to high failure…
Economy
Congo Cenbank approves FirstBank acquisition of BIC
Central Bank of Congo (BCC) has approved the acquisition of Banque Internationale de Credit (BIC) by First Bank of Nigeria Limited. FirstBank…