Tuesday, June 16, 2020
Nigeria may be facing a deeper fiscal crisis than expected with data from the budget office showing that the Federal Government spent N99 of every N100 earned paying interest to creditors in the first quarter of 2020…Read more.
Social distancing measures didn’t cause the throng of customers that besieged banks after the lockdown was eased, it didn’t bring back tally numbers either…Read more.
Insist on overhaul amid N154 billion losses in refineries. In its first-ever audited report, the Nigerian National Petroleum Corporation (NNPC), revealed that it posted over N1.01 trillion profit…Read more.
The African Development Bank (AfDB) has projected that the ongoing Coronavirus (COVID-19) pandemic ravaging economies globally could cause Africa’s Gross Domestic Product (GDP) to drop by between $22.1billion and $88.3billion…Read more.
Piqued by the rising poor food safety practices and standards that led to huge economic losses evident in the myriad of rejects of some food exports at the international markets, the Nigerian National Accreditation Systems…Read more.
BUA Group has described the publication of Dangote Group wherein it stated that BUA misinterpreted the fact about a pending court case as untrue and laden with misrepresentations….Read more.
The International Monetary Fund has estimated additional spending of 18 percentage points of Gross Domestic Product by 2030 for Nigeria to achieve Sustainable Development Goals….Read more.
The Federal Government has again sacked Marilyn Amobi from office as the Managing Director of the Nigerian Bulk Electricity Trading Plc…Read more.
The Federal Government has again sacked Marilyn Amobi from office as the Managing Director of the Nigerian Bulk Electricity Trading Plc. Amobi, who was replaced by the company’s General Counsel and Secretary…Read more.
AIICO Insurance Plc is to raise about N3.486 billion from the capital market through a rights issue. In a notification to the dealing members yesterday, the Nigerian Stock Exchange (NSE) said AIICO Insurance Plc…Read more.
The International Monetary Fund has estimated additional spending of 18 percentage points of Gross Domestic Product by 2030 for Nigeria …Read more.
Nigeria has raised N162.56 billion to help finance infrastructure projects through the sale of Islamic bonds to local funds and insurance companies, the Debt Management Office (DMO) said….Read more.
Fitch Ratings, world’s leading risk analysts, has said that Nigeria’s oil export will record a 50 percent decline by end of this year due to the impact of the Coronavirus (COVID-19) pandemic on the economy…Read more.
STAKEHOLDERS in the Nigeria’s oil and gas industry have tasked the Federal Government to work towards the passage of the Petroleum Industry Bill, PIB, into law without further delay in order to stimulate investment in the key segments of the industry, especially gas….Read more