News & Insights

  OPEC has cut oil output in June by 1.25 million barrels per day (bpd) from May levels as it works to implement a supply restraint agreement with Russia and other allies, according to estimates from tanker-tracking company Petro-Logistics. OPEC and its allies, a group known as OPEC+, agreed to […]

      Nume Ekeghe The International Monetary Fund (IMF) has urged Nigeria to slow down on its aggressive tax drive due to the impact of the COVID-19 on businesses and households. The fund, however, told the federal government to continue to push for policies that are supportive of its […]

      James Emejo in Abuja The Central Bank of Nigeria (CBN) yesterday released the draft framework for the regulation of Sandbox operations. The regulation seeks to set standards for live trials or demonstration of new innovative products and financial technology in the industry. The CBN said the move […]

    Business owners who registered their organisations with the Corporate Affairs Commission (CAC) would no longer need to approach the Federal Inland Revenue Service (FIRS) for a tax identification number. In a statement on Monday, CAC said the processes of registering a business and getting a tax ID have been […]

      *Forex scarcity hampering deregulation, says PPPRA   The federal government Sunday indicated that it is working to review the current pricing template for petrol which was last adjusted four years ago, in order to reduce the alleged exploitation of Nigerians by the operators in the downstream sector. […]

However, Brent crude is set to end the month of June with a third consecutive monthly gain.   Crude oil prices began the week on a bearish note as COVID-19 caseloads rose in many places around the world, making some countries resume partial lockdowns that could hurt the demand for energy. […]

Despite four consecutive losses during the week, the local stock market closed on a bullish note as buying interest in Airtel Africa (+10.0 per cent), ABC Transport  (+9.8 per cent) and Nestlé (+9.6 per cent) supported overall performance. Consequently, the NSE All-Share Index closed in the green, rising 1bp week-on-week […]

Profit-taking in MTN Nigeria (-0.4per cent), Zenith bank (-1.5per cent) and FBNH (-0.9per cent) dragged the benchmark index 12bps lower to close at 24,625.24 points. As a result, market capitalisation declined N15.6bn to N12.8tn while year to date  loss worsened to -8.3per cent. Activity level waned as volume and value […]

  There are fears the resurgence of the COVID-19 virus could stutter the demand recovery for energy.     Brent crude oil price maintained its bullish trend, as it gained ground at London’s trading session on recovering energy demand worldwide, despite a surge in COVID-19 cases in the western world. […]

  Chief Judge of the Federal High Court (FHC), Justice John Tsoho   Davidson Iriekpen in Lagos and Chuks Okocha in Abuja The Chief Judge of the Federal High Court (FHC), Justice John Tsoho, has “strongly advised” all judges in the courts to desist from granting ex-parte orders in political […]