News & Insights

      The United Nations high-level panel on International Financial Accountability, Transparency and Integrity (FACTI) has called for punitive measures against bankers, lawyers and accountants enabling financial crimes.   Ibrahim Mayaki, FACTI co-chair and former prime minister of Niger, made the call on Thursday, during the launch of the […]

        Francis Anatogu, in Abuja. Ogah, in a statement noted that Nigeria has over 44 minerals in commercial value which could lead to the industrialisation of Africa, stating: “globally, Nigeria is blessed in terms of minerals.” He said the ministry was working at ensuring that no mineral […]

      *PwC, KPMG, others apply to be transaction advisers   The federal government plans to hire an asset manager for its new Infrastructure Development Company (Infraco), designed to raise as much as N15 trillion ($36.7 billion) for infrastructural projects and to accelerate growth.   President Muhammadu Buhari about […]

    The Chairman, Senate Committe on Petroleum Industry Bill(PIB), Senator Sabo Mohammed Nakudu, has assured the nation that the National Assembly (NASS) would pass the much-awaited PIB in next two months. He gave the assurance in Lagos yesterday during the visit of the National Assembly Joint Committee on PIB […]

A maritime intelligence company has urged Nigeria to enlist the support of private companies to tackle rampant piracy in its waters.       A report by maritime research agency, Dryad Global has urged the Federal Government to enlist the services of private security contractors in the fight against piracy […]

  Mr Auwal Sarki, the Director, Department of Petroleum Resources (DPR), has urged Nigerians to invest in the downstream oil and gas sector to boost the country’s crude oil production capacity. He made the remark in Ogbele community, Ahoada East Local Government Area of Rivers, at a meeting with the […]

      The Nigerian National Petroleum Corporation (NNPC) has extended until June its contracts with private companies to swap crude oil for fuels, Reuters quoted a company spokesman, as saying yesterday.   That’s the second extension of the one-year contracts to exchange more than 300,000 barrels per day (bpd) […]

  Nigeria Export Promotion Council (NEPC)   Nigeria can earn an extra $153.7 billion (N58.58 trillion) from export of leather, rubber, sugar and soya under the federal government’s Zero-oil Initiative. This was part of a report commissioned by the Nigeria Export Promotion Council (NEPC), conducted by Ernst and Young (EY), […]

      Goddy Egene The nation’s stock has reversed the gains of N1.124 trillion recorded in January and has now slipped into negative territory, posting a year-to-date(YTD) decline of 0.2 per cent. Having gained N8 trillion in 2020, sustained demand made the market to gain N1.124 trillion in the […]

  Group of Seven leaders on Friday said they would seek a collective approach to China to counter “non-market oriented” policies and practices and to ensure a fair multilateral global trade. “With the aim of supporting a fair and mutually beneficial global economic system for all people, we will engage […]