Sell-offs in ZENITH (-1.8%), DANGSUGAR (-5.9%) and ETI (-2.5%) dragged the benchmark index lower by 7bps to settle at 25,532.74 points. Consequently, market capitalisation fell to…
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EconomyFinanceNews
The global economic recovery will take at least five years, World Bank’s Reinhart says
The global economic recovery from the recession created by the Covid-19 pandemic will probably take at least five years, according to the chief economist…
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The Nigerian National Petroleum Corporation (NNPC) has recorded an increased trading surplus of ₦20.36billion in July 2020 compared to the ₦2.12billion surplus…
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Director-General, National Identity Management Commission (NIMC) Mr Aliyu Aziz says the commission has so far registered 42 million Nigerians on the national…
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Nigerian state oil company NNPC has extended for six months its contracts with private companies to swap crude oil for fuels, two…
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India’s oil imports from Africa jumped to their highest in 10 months in August as refiners switched out more expensive crude from…
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NewsOil and Gas
NNPC’s legal team bags Africa arbitration award, saves billions of dollars in liabilities for Nigeria
The Litigation Team of the Nigerian National Petroleum Corporation (NNPC) has won the Leading Case Counsel Team of the 2020 Africa Arbitration…
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United States America has disclosed that it will reconsidered its ban on some categories of Migrant Visas on Nigeria. Amb. Mustapha Sulaiman,…
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Today, the domestic equities market sustained losses on account of profit-taking in WAPCO (-3.7%), UBA (-3.3%) and ZENITH (-1.2%) as the All-Share Index declined…
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BusinessEconomyNews
The Africa Foresight Group partners German development finance Institution, launch African hidden champions businesses 2020
Africa Foresight Group (AFG) in partnership with the German development finance Institution DEG has launched the African Hidden Champions businesses for 2020…
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Despite the seeming delay in resolving the concerns of Nigerian traders regarding some stiff business regulation imposed by Ghanaian authorities, the Federal…
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AgricultureEconomyFinanceNews
CBN urges banks to lift loans to agriculture to 10%, sets to establish infrastructure coy
Nigeria needs to more than double the proportion of bank loans it makes to the agricultural sector to 10% within the next…
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Annual inflation in Nigeria rose in August for the 12th month in a row, reaching a more-than two-year high, as the coronavirus…
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A financial expert, Mr Okechukwu Unegbu, has urged the Central Bank of Nigeria (CBN) to increase support for commercial banks to address…
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The International Energy Agency (IEA) trimmed its 2020 oil demand forecast on Tuesday, citing caution about the pace of economic recovery from…