News & Insights

  …probe IOCs over labour laws abuse The House of Representatives has called on the Federal Government to include gas in the Production Sharing Contract. The House particularly urged the Federal Government to review the contract terms in the Production Sharing Contract, with a view to accommodating gas terms such […]

As part of efforts to further grow the Nigerian Liquefied Natural Gas (NLNG) business in the country, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Mallam Mele Kyari, has said that the Final Investment Decision (FID) for NLNG Train 7 would be executed next month. Mallam Kyari […]

The stock market bounced back to positive territory as gains by 19 equities lifted the Nigerian Stock Exchange (NSE) All-Share Index by 0.13 per cent to close at 26,824.50, while market capitalisation added N43.6 billion to be at N12.9 trillion. Similarly, activity level strengthened as both volume and value traded […]

The Central Bank of Nigeria (CBN) has set a minimum capital requirement of N10 billion for Mortgage Guarantee Companies (MGCs) in the country. The new regulation, according to its circular: ‘Regulations for the operations of mortgage guarantee companies in Nigeria, is an improvement upon the exposure draft on the operations […]

The Nigerian Ports Authority and the Port of Antwerp, Belgium, have signed a memorandum of understanding towards operational efficiency in line with the desire to deepen the mutual beneficial relationship existing between the two ports. According to the NPA, the MoU which now exists between the two ports, is also […]

The Federal Government has reviewed the N50 stamp duty charges on electronic payments in the country after receiving backlash from Nigerians and industry stakeholders. A Financial Bill currently before the National Assembly stated the N50 charge would be imposed on transactions above N10,000 as against payment above N1,000 that had […]

The International Monetary Fund (IMF) has said Nigeria’s debt-to-Gross Domestic Product (GDP) ratio, which currently stands at 28 per cent, is still below the average in Africa, despite the fact that the country’s debt level has risen. It also reiterated that revenue-to-GDP ratio in the country remains low and urged […]

Currency-in-circulation on month-on-month basis fell by 0.7 per cent to N2.00 trillion at the end of September 2019, in contrast to the growth of 0.8 per cent at the end of the preceding month. The Central Bank of Nigeria (CBN) revealed this in its economic report for October 2019. The […]

Goddy Egene writes that the outcome of the 23rd annual conference of the Chartered Institute of Stockbrokers will boost the competitiveness of the nation’s capital market if implemented The capital market facilitates the movement of funds from surplus end to the deficit side. In other words, the market facilitates to […]

As insurance operators count down to the recapitalisation deadline, Ebere Nwoji takes a look at how firms are faring in the exercise Barely seven months to the end of the ongoing insurance sector recapitalisation initiated by the National Insurance Commission(NAICOM), most operators are still struggling to meet the deadline. Indeed, […]