News & Insights

      The Federal High Court in Lagos has refused to stop the Federal Government from auctioning 10 revoked marginal oilfields.   Justice Chukwujekwu Aneke dismissed an application for interlocutory injunction filed by the fields’ operators.   He refused prayers for an interlocutory injunction while delivering a ruling on […]

      By Emmanuel Addeh in Abuja with agency reports The federal government has signed a $1.5 billion prepayment deal with Standard Chartered and backed by oil traders Vitol Group and Matrix Energy. The Nigerian National Petroleum Corporation (NNPC) signed on behalf of the federal government. A report yesterday […]

      Summons Amaechi, Ahmed, Pantami By Udora Orizu The House of Representatives yesterday raised the alarm over clauses in Article 8(1) of the commercial loan agreement signed between Nigeria and Export-Import Bank of China, which allegedly concedes sovereignty of Nigeria to China in the $400 million loan for […]

Price appreciation in Dangote Cement (+5.7percent), Guaranty Trust Bank (+7.6percent) and Wapco (+9.6percent) drove the benchmark index up 146bps to settle at 24,783.61 points. Consequently, investors gained N185.6bn as market capitalisation advanced to N12.9tn while year-to-date loss moderated to -7.7percent. Dangote Cement posts N162.9bn profit in 6 months FG suspends […]

The impasse between the Corporate Affairs Commission (CAC) and lawyers over the newly introduced mailing system for registered company certificates escalated on Monday with protesting lawyers carrying placards in front of the CAC’s headquarters expressing their opposition to the new policy. Apart from denouncing the new policy, the protesters also […]

  Background The Supreme Court Ruling on virtual court proceedings handed down on 14th July, 2020, is an Advisory Opinion in every sense but name. A seven-man panel of the Supreme Court (as is constitutionally mandated when invoking its original jurisdiction) led by Justice Olabode Rhodes-Vivour held that, the suits […]

      African Continental Free Trade Agreement (AfCFTA) provides Nigeria with preferential access to Africa market worth over $650bn in mostly manufactured goods and services according to Senior Special Assistant to the President on Public Sector, Mr Francis Anatogu.   Speaking during an online press conference, Anatogu said as […]

      COMMERCIAL banks have written off N1.9 trillion bad loans from their books in the last four years, a report by Agusto & Co, a credit rating agency has said.   This was contained in the Agusto & Co 2020 Banking Industry Report which linked the banks’ actions […]

      The Registrar General, Corporate Affairs Commission (CAC), Mr. Garba Abubakar has said it is collaborating with relevant government agencies to ensure that registered companies that do not file their returns are henceforth barred from public transactions.   He said there is an existing collaboration with the Federal […]

The stock market recorded a positive performance as gains in Dangote Cement (+10.0percent) and MTNN (+7.4percent) drove the benchmark index up 140bps to settle at 24,512.27 points. Consequently, investors gained N176.7bn as market capitalisation advanced to N12.8tn while year to date loss moderated to -8.5percent. .Equities market closes flat despite […]