News & Insights

The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has reaffirmed its commitment to partner government at all levels to combat adulteration of petroleum products. National President of NOGASA Mr. Benneth Korie made this known while inaugurating the Kaduna, Anambra and Abia executive councils of the association. A statement […]

The Department of Petroleum Resource (DPR) has launched its new guidelines of operations for the upstream sector of the Nigerian oil and gas industry. The regulatory document is part of efforts geared towards limiting the cost of oil production in the country by five per cent, as demanded by the […]

Efforts to increase ship traffic at the Eastern ports has received a boost with the successful handling of a containership measuring 265 metres in length overall by the West Africa Container Terminal (WACT) at the Onne Port Complex, Rivers State. The ship, named JPO Volans, is the first gearless vessel […]

The total asset value of mutual funds in Nigeria has hit the trillion Naira mark, according to the recent report by the Securities and Exchange Commission. What a milestone! In my April 2019 article on the state of the mutual fund industry in Nigeria, I projected that the asset value would hit the trillion […]

The Federal Competition and Consumer Protection Commission (FCCPC), has asked for the support of professional associations in Nigeria to tackle the menace of consumer abuse. Addressing members of different professional associations recently in Lagos, the Director General of the commission, Babatunde Erukha, said the commission understood that the major wish […]

The President of the Compliance Institute Nigeria (CIN), Pattison Boleigha, has stressed the need to promote an effective culture of compliance in order to drive discipline in the financial service system. Boleigha, said this recently, in Lagos, at the 2019 induction/investiture ceremony of the institute with the theme: ‘Developing Compliance […]

Luno, one of the leading cryptocurrency firms, has predicted a significant increase in the adoption rate of cryptocurrency by 2020, given the rate at which digital coins have been exchanged, traded and used through 2019. According to Luno, the focus for 2019 was a move from dramatic speculation led volatility […]

In a bid to meet the December 31, 2019 deadline for them to achieve the 65 per cent minimum loan-to-deposit ratio (LDR) stipulated by the Central Bank of Nigeria (CBN), banks have adjusted downwards their lending and deposit rates. The review was also attributed to the recent decision by the […]

The Nigerian economy lost a whopping N233 billion to gas flaring in 2018. This, represented 3.8 per cent of the total global flare same year, a report by PwC Nigeria, one of the leading professional services companies has revealed. The report launched in Lagos recently, with the titled, “Assessing the […]

The Securities and Exchange Commission (SEC) is in talks with institutional investors and other regulators to allow securities lending in an effort to reignite flagging trading volumes. The SEC wants to start, “trading activities such as short-selling, hedging and arbitrage,” its acting Director-General, Mary Uduk, told Bloomberg, in an email. […]