Why Nigeria’s balance of payment is worrisome, by FSDH research
Nigeria may have recorded a surplus of $2.8 million in its balance of payment (BoP) in the fourth quarter (Q4) of 2018, but the net More »
NIMASA, Stakeholders Sign Agreement on Ease of Doing Business
The federal government has restated its commitment to prompt and effective service delivery, especially in its Ministries, Departments and Agencies (MDAs). This, it stressed was More »
Insurance industry’s assets hit N1.26tn
The total assets of the Nigerian insurance industry rose to N1.263tn as of the end of the 2018 financial period. Figures obtained by our correspondent More »
MTN revenue climbs on data, serves 20m Nigerians exclusively
Data subscriptions in Nigeria lifted MTN’s revenue by 15 per cent in 2018. The firm grew its active data users from 4.5 million customers to More »
Heritage Bank Supports ICT Innovation
Heritage Bank Plc has charged applicants of HB Lab start-ups to support Nigeria’s aspiration and roadmap to become a leading Information Communication Technology (ICT) Hub More »
Budget: How NNPC will meet 2.3m barrels daily crude oil target
The Nigerian National Petroleum Corporation (NNPC) said on Wednesday it would achieve the 2.3 million barrels per day production target in the 2019 budget by More »
Why Nigeria’s balance of payment is worrisome, by FSDH research
Nigeria may have recorded a surplus of $2.8 million in its balance of payment (BoP) in the fourth quarter (Q4) of 2018, but the net
NIMASA, Stakeholders Sign Agreement on Ease of Doing Business
The federal government has restated its commitment to prompt and effective service delivery, especially in its Ministries, Departments and Agencies (MDAs). This, it stressed was
CBN to maintain tight monetary policy, estimates 12% inflation
The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has projected that the current monetary policy stance of the bank is expected to continue while
Nigeria Loses $400m Annually to Foreign Software Developers
Experts have decried the huge loss Nigerian incurs annually on foreign software. According to them, Nigeria spends over $400 million annually on foreign software licence
Insurance industry’s assets hit N1.26tn
The total assets of the Nigerian insurance industry rose to N1.263tn as of the end of the 2018 financial period. Figures obtained by our correspondent
AMCON seeks reintroduction of Failed Bank Act
Worried by the resurgent huge toxic loans in the banking sector, the Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria, Mr Ahmed Kuru, on
FG to cut stakes in JV with Shell, Chevron, others
The Federal Government plans to cut its stakes in joint oil ventures with international oil companies to 40 per cent this year, the Minister of
Convergence Triggers Disruption in Telecoms Business, Says ITU
The International Telecommunications Union, the United Nations’ agency in charge of the regulation of global telecoms operations, has raised the alarm that convergence, which is
MTN revenue climbs on data, serves 20m Nigerians exclusively
Data subscriptions in Nigeria lifted MTN’s revenue by 15 per cent in 2018. The firm grew its active data users from 4.5 million customers to
Heritage Bank Supports ICT Innovation
Heritage Bank Plc has charged applicants of HB Lab start-ups to support Nigeria’s aspiration and roadmap to become a leading Information Communication Technology (ICT) Hub
NSE suspends trading in Diamond Bank shares
The Nigerian Stock Exchange (NSE) has placed trading in the shares of Diamond Bank Plc on full suspension effective Monday, March 20. But a statement
Budget: How NNPC will meet 2.3m barrels daily crude oil target
The Nigerian National Petroleum Corporation (NNPC) said on Wednesday it would achieve the 2.3 million barrels per day production target in the 2019 budget by
Refineries Lost N132bn Last Year – NNPC
The operating deficit recorded by the nation’s refineries rose by 39 per cent to N132.5bn in 2018, compared to the previous year, data from the
Senate approves N30,000 minimum wage
The Senate on Tuesday approved N30,000 as the new national minimum wage. This decision was reached after the upper chamber’s ad-hoc committee on new minimum
Naira Exchange Rates