News & Insights

      By Obinna Chima The Managing Director/Chief Executive Officer of the Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Kuru, has revealed that the corporation’s total assets under management (AUM) is currently at N136.73 billion. The agency also has about N112.03 billion worth of propriety assets.   Kuru, […]

        In light of the mixed reactions around the Global Standing Instruction (GSI) introduced by the Central Bank of Nigeria (CBN), the CRC Credit Bureau has moved to give more insights around the new policy that is aimed at reducing the incidence of non-performing loans in the […]

  Energy companies on Friday continued efforts to restore operations at U.S. Gulf Coast offshore platforms and refineries shut by Hurricane Laura as oil markets largely shrugged off the storm’s impact. Some 300 offshore production facilities and half-dozen refineries were halted ahead of a Category 4 storm that hit the […]

The name of PSBs must not include any word that links it to the parent company.   The Central Bank of Nigeria has barred operators of Payment Service Banks (PSBs) from accepting foreign exchange deposits and to accept any closed scheme electronic value (airtime) as a form of deposit or […]

      Goddy Egene The price rally at the stock market was halted yesterday after eight days following profit taking bellwether stocks. The market has had a positive performance for eight straight days. However, the bears took over yesterday as Dangote Cement Plc, Access Bank Plc and Zenith Bank […]

Gulf Coast energy infrastructures were mostly spared the brunt of the damage   Crude oil prices pulled back from recent highs as Hurricane Laura spared most of the U.S. oil infrastructure in Louisiana and Texas. U.S. West Texas Intermediate (WTI) was relatively unchanged as it traded at $42.96 a barrel […]

  Vice President Yemi Osinbajo SAN in a virtual meeting   Proposes 15 months for civil suits Frowns on multiple, conflicting court orders Lawyers shun boycott call, 24,000 participate in NBA conference Davidson Iriekpen in Lagos and Alex Enumah in Abuja President Muhammadu Buhari wednesday decried what he described as […]

      The Senate Ad-hoc Committee on the Review of the 1999 Constitution has formally commenced the process of further alteration to the provisions of the 1999 Constitution (as amended).   The Committee, therefore, requests the general public, Executive and Judicial bodies, Civil Society Organizations, Professional bodies and other […]

The price of oil is currently rising, due to the recovery of the Chinese market. The global demand for oil has decreased sharply in 2020 more than previously expected due to the Coronavirus pandemic, and there are doubts about a recovery next year, which may make it difficult for the […]

      • Introduces product price verification mechanism • Elumelu praises measures In a major policy coup, the Central Bank of Nigeria (CBN) yesterdaymoved to arrest the age-long practice of over-invoicing, which unscrupulous businesses have used to cart away the nation’s forex, directing banks and other authorised dealers to […]