Monthly Archives: February 2018

Nigeria, SSA countries’ debts rise by 550% to $200bn – Report

Oyetunji Abioye with agency report The total borrowing from the international debt markets by Nigeria and other countries in the sub-Saharan African countries has jumped

PFAs invest N5.2tn of pension fund in FG securities

Ifeanyi Onuba, Abuja Out of the total N7.52tn total pension assets as of December 31, 2017, about N5.29tn, representing 70 per cent of the entire

School feeding programme costs N6.2b

The Federal Government has spent N6.2 billion on National Home Grown School Feeding Programme (NHGSFP) as at last August, Special Adviser to President Muhammadu Buhari

RenCap: FBN Holdings not affected by CBN’s dividend payout rule

Renaissance Capital (RenCap), a global investment bank, yesterday said FBN Holdings Plc will not be affected by the new dividend payout rule released by the

Emefiele, Akeredolu to inaugurate egg powder plant

The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele and Ondo State Governor, Rotimi Akeredolu, will jointly inaugurate a new Egg Powder Plant in Emure-Ile,

Fed Govt’s revenue hits N658.6 billion

The gross Federally-collected revenue stood at N658.60 billion, the Central Bank of Nigeria (CBN) Economic report, has said. The figure, which was for last November,

Dangote Cement drives N58bn stock market gain


Stanley Opara Despite the fact that trading on the floor of the Nigerian Stock Exchange on Tuesday was  characterised by sell-offs across sectors, the negative

T-bill yields drop as Eurobond addresses debt maturities

Stanley Opara with agency report Short-term Treasury bill yields fell by 0.5 per cent on Tuesday on expectations the government would sell less debt at

Skye Bank surprises promo winners with huge cash rewards

skye bank

Skye Bank Plc is making banking more interesting for its customers. The lender’s ongoing Millionaires’ Promo remains an opportunity for

Ecobank’s transformation agenda ‘on course’


The Managing Director, Ecobank Nigeria, Charles Kie has said the bank’s transformation agenda to be one of top three lenders in Nigeria within the next

Nigeria’s oil production falls to 1.819mbpd in January

Nigeria’s crude oil production decreased by 8,100 barrels per day (bpd) from 1.828 mbpd it recorded in December, to 1.819mbpd in January.The drop may not

Nigerian businesses risk €20 million fine over non-compliance with new EU data policy

Nigerian businesses that collect, store and process personal data for European Union (EU) citizens for the provision of goods and services risk €20 million fine

Tribunal awards N3m damages to investor for losses

The Investments and Securities Tribunal (IST), sitting in Abuja, has awarded general damages to the tune of N3million in favour of an investor in the

Which farmers really benefit from food import protections?

We seem to be very fond of protectionist trade policy in Nigeria, especially with regards to food. We already know how the story goes. Ban