Oil Prices Climb As Faith In Supply Cuts Grows
Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut crude supplies while fuel demand picks up with more cars back on…
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Portfolio Investment Top Capital Importation Into Nigeria In Q1 2020
Portfolio investment has emerged top capital importation into Nigeria in Q1 2020, this was according to the latest report by the Nigeria Bureau of Statistics (NBS). The total value of…
Continue readingNIRSAL Explain Delay in COVID-19 Loan Disbursement – Households Accounts for 65% of applications
NIRSAL Microfinance Bank Ltd (NMFB), has explained why there is delayed in the disbursement of Central Bank of Nigeria, CBN COVID-19 loan. The stimulus package was announced by the Central…
Continue readingGoods With Local Substitutes Will Not Benefit from Forex – Emefiele
The Central Bank of Nigeria Governor, Mr. Godwin Emefiele, has said that the CBN will not support the importation of items that can be produced in Nigeria with forex. As…
Continue readingNigeria Government Warns Oil And Gas Companies Against Abusing Expatriate Quota
The Department of Petroleum Resources (DPR) and the Interior Ministry and the Nigerian Content Development and Monitoring Board (NCDMB) has warned Oil And Gas Companies against the abuse of its…
Continue readingBusinesses In Lagos Loses N2.7 Billion To Lockdown In Five Weeks – LCCI
Members of the organized private sector (OPS) in Lagos, have urged for caution in the implementation of another Lockdown exercise by the government, noting that a significant proportion of small…
Continue readingNigeria Customs Laments Drop In Revenue At Lagos Airport
The Murtala Muhammed International Airport Command of the Nigeria Customs Service has said that the ban imposed by the Federal Government on local and international flights as part of measures…
Continue readingFacebook Undersea Cable To Boost Internet Access Around Africa
Tech giant, Facebook, announced on May 14 that it is building a 37,000-kilometer undersea cable around Africa to provide the continent’s inhabitants with better access to the internet. Facebook is building…
Continue readingCBN Auctioned Nigerian Treasury Bills, Oversubscribed By N132bn
The CBN issued Nigerian Treasury Bills, auctioned for the month of May 2020 has been oversubscribed by N132bn. Nigeria’s Debt Management Office (DMO) disclosed this on its website on Wednesday,…
Continue readingSunti Sugar To Retain All 2,400 Staff Despite COVID-19 Challenges
Sunti Golden Sugar Estate, a Nigerian company has said it is retaining all its 2,400 employees and keeping the facility at full operation despite the ravaging COVID-19 pandemic. According to…
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