The Central Bank of Nigeria (CBN) has attracted the ire of a lawyer and Senior Advocate of Nigeria (SAN) over its comment around a petition accusing Ecobank Nigeria (ENG) and …
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Increase in crude production a result of sustained onslaught on oil theft —Kyari
Group Chief Executive Officer (GCEO) of NNPC Ltd., Mr. Mele Kyari, has disclosed that the current onslaught against crude oil theft and pipeline vandalism has yielded improved growth in the …
Read More »MTN Foundation drives music development with MUSON scholarship
The MTN Foundation has stated its resolve to develop musical talent in Nigeria with its 2024 Musical Society of Nigeria Scholarship Programme. In a statement on Tuesday, MTN Foundation …
Read More »NGX: Bearish trend persists as investors lose N278bn
The bearish trend in the Nigerian equities market continued on Tuesday as investors lost N278 billion at the close of trading. This follows the dip in the share prices of …
Read More »‘Excessively burdensome, ill-timed,’ Bank directors reject windfall tax
The Bank Directors Association of Nigeria (BDAN) has kicked against the recently signed windfall tax introduced by the Federal Government. The association described it as “excessively burdensome and ill-timed”. In …
Read More »Stakeholders warn Nigeria’s telecom sector on brink of collapse
Stakeholders in the Nigeria telecommunications ecosystem on Tuesday warned that the industry is on the brink of collapse. They spoke at a forum tagged: “TELECOMS INDUSTRY 2.0: The Next Investment …
Read More »CBN re-introduces publication of PMI, BES, other economic reports to foster accountability
In a bid to reaffirm its commitment to fostering transparency and accountability in the Nigerian economic ecosystem, the Central Bank of Nigeria (CBN) has reintroduced the publication of several key …
Read More »FCCPC moves to tackle exploitative pricing amid soaring inflation
The Federal Competition and Consumer Protection Commission (FCCPC) is set to engage key players in the supply and distribution chain to address the issue of exorbitant prices for consumer goods. …
Read More »NGX: Equities market begins week with N404bn loss
The Nigerian equities market began the week on a low on August 12, 2024 as investors lost N404bn at the end of trading session. This follows an increase in the …
Read More »Nigeria’s crude oil production hits 1.3 million bpd
Nigeria’s crude oil production rose to 1.307 million barrels per day in July. The Organisation of Petroleum Exporting Countries (OPEC) disclosed this in its Monthly Oil Market Report (MOMR) released …
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