Friday, August 14 , 2020 Buhari, stakeholders seek local content, infrastructure expansion President Muhammadu Buhari and other stakeholders in the oil and gas sector, yesterday, reiterated the need to expand local content development in Nigeria across sectors, as part of measures to address unemployment, poverty, and help the country become self-reliant…Read more. Aviation on the…
Thursday, August 13 , 2020 Ground handlers rally airlines to right pricing, dollar rate Worried by the operational challenges in the COVID-19 era, ground handlers and stakeholders have rallied airlines to the right pricing mechanism and service payment in dollars…Read more. NCDMB, NLNG to drive Brass shipyard project, commence feasibility study The Federal Government has…
Wednesday, August 12 , 2020 Oil rises after bigger-than-expected drop in inventories Oil prices moved higher on Wednesday after an industry report showed that U.S. inventories of crude fell more than analysts expected, bolstering hopes that fuel demand in the world’s biggest economy can weather the coronavirus pandemic…Read more. Dollar holds firm as U.S. bond…
Tuesday, August 11 , 2020 World Bank approves fresh $114.28m for sub-national fight against COVID-19 The World Bank Board of Directors has approved a $114.28 million funding to help Nigeria prevent, detect, and respond to the threat posed by the COVID-19 pandemic, with a specific focus on state-level responses…Read more. Telecoms operators want 30% of…
Monday, August 10, 2020 FG insures 89,000 employees under N15 billion group life scheme The Federal Government is said to have settled about N15 billion premiums under the Group Life Insurance scheme to insure it’s over 89,000 workers across the country in the current financial year….Read more. COVID-19, VAT increase, naira devaluation spur rise in…
Friday, August 7 , 2020 Group seeks disbandment of proposed transmission charge The Nigerian Electricity Regulatory Commission (NERC’s) plan to allow the electricity distribution and trading licensees to introduce competition transition charge by has elicited public criticisms…Read more. Consumer Commission probes pharmacies for hydroxychloroquine price hike The Federal Competition and Consumer Protection Commission (FCCPC), in…
Thursday, August 6 , 2020 Nigerians spent N2.37tn on petrol in 13 months – NNPC In 13 months, Nigerians spent N2.37tn on petrol imported into the country by the Nigerian National Petroleum Corporation, data released by the corporation have shown. The corporation said on Wednesday that its total revenue generated from the sales of white…
Wednesday, August 5 , 2020 Dollar slips as yields dive on recovery worries The dollar fell in Asia on Wednesday, hitting a five-month low on the yuan, as the latest coronavirus relief package stalled in Congress and U.S. yields sank on the prospect that further monetary easing might be needed to support the economy…Read more.…
Monday, August 3 , 2020 Checking rising incidence of unclaimed dividend in capital market Dividends are the distributable earnings of a company, which are determined by its board of directors. However, when declared, it becomes a liability on the company, CAMA (1990)…Read more. Nigeria receives AfDB financing for rural electrification project The Federal Government has…
Wednesday, July 29, 2020 Nigerian banks face biggest revenue drop since 2016 Nigerian banks could see the biggest yearly decline in revenues since 2016 by the end of this year, according to estimates by Renaissance Capital and Fitch Ratings, which point to at least a 20-percent dip. “Banks are dealing with slow growth, fall in…