News & Insights

The Managing Director and Chief Executive Officer of the Nigeria Liquefied Natutal Gas (NLNG) Limited, Mr. Tony Attah, has described the NLNG Train 7 project as the next big deal for Nigeria. The Train 7, whose Financial Investment Decision (FID) was expected to be signed this month is projected to […]

The Central Bank of Nigeria (CBN) will in the first quarter of 2020 issue treasury bills worth a total of N795.427 billion. The debt instrument would be made up of 91-day, 182-day and 364-day bills.   The breakdown of the Nigerian Treasury Bills Programme for the first quarter of 2020 […]

Affirms ‘B2’ ranking •Says Nigerian banks’ reducing NPLs lowers capital erosion risk Obinna Chima   Moody’s Investors Service, one of the global credit rating agencies, wednesday changed its outlook on Nigeria’s ratings to negative from stable. Concurrently, Moody’s affirmed its B2 long-term local and foreign currency issuer ratings, the B2 […]

Transactions on the Nigerian Stock Exchange (NSE) on Wednesday maintained a negative outlook for the third consecutive trading sessions. The News Agency of Nigeria (NAN) reports that the All-Share Index dropped marginally by 0.02 per cent due to sell-off in banking stocks. The index lost 5.74 per cent or 0.02 […]

The National Insurance Commission(NAICOM) has advised insurance brokers to establish their presence in all the nooks and crannies of the country to accelerate insurance penetration and financial inclusion. The Acting Commissioner for Insurance, Mr. Sunday Thomas, gave the counsel when the delegation of the Nigerian Council of Registered Insurance Brokers, […]

The stock market extended its losses to the second trading day of the new month as price decline suffered by MTN Nigeria Communications Plc, Stanbic IBTC Holdings Plc and Guinness Nigeria Plc pulled the Nigerian Stock Exchange (NSE) All-Share Index down by 0.17 per cent to close at 26,944.32. The […]

The Central Bank of Nigeria (CBN) has said its interventions in key sectors of the economy through its development finance role have saved the country a total of N1.3 trillion annually on import bill.   The Deputy Governor, Corporate Services Directorate, Central Bank of Nigeria, Mr. Edward Adamu, said targeted […]

FSDH Merchant Bank has officially begun operations as a Custom Duty Collecting Bank in Nigeria. This, according to a statement, has paved the way for other Merchant Banks across the country to be afforded the same opportunity. It revealed that as early as 2018, the bank commenced talks with the […]

The Federal Government on Monday offered a two-year and three-year savings bonds for subscription. The Debt Management Office said in a circular that the bonds were backed by the full faith and credit of the Federal Government and charged upon the general assets of Nigeria. According to the DMO, the […]

The Senate and House of Representatives have agreed on the many provisions of the Finance Bill presented by President Muhammadu Buhari for passage into law, including a proposed 7.5 percent raise on Value Added Tax (VAT). Both chambers have already received the reports of their committees on Finance after holding […]