The Nigerian Ports Authority (NPA) has refuted misgivings about tariff charges on vessels berthing in Nigerian ports, saying charges on such vessels remain among the lowest in the West African coast. The General Manager, Corporate and Strategic Communications of NPA, Jatto Adams, in a statement, disclosed that while $94,567.63 was […]

The Securities and Exchange Commission (SEC) has expressed optimism that Collective Investment Scheme (CIS) or mutual funds in the capital market will hit N1.5 trillion before the end of the year. CIS is an arranged pool of funds managed on behalf of investors by a professional money manager, which may […]

Health sector to get additional N100bn Barely 48 hours after it announced a six-point palliative to ameliorate the continued impact of the coronavirus on the nation’s economy and supply chains, the Central Bank of Nigeria (CBN) yesterday hinted of its plans to provide another N1trillion intervention fund to support key […]

The Federal Government will net N266.7 billion from sale of 19 government owned companies this year, the Bureau of Public Enterprises (BPE) has said. The BPE’s Director General, Alex A. Okoh, who revealed this Wednesday in Abuja when the Senate Committee on Privatisation and Commercialisation paid an oversight visit to […]

The solid minerals sector has contributed N416.32 billion to the Nigeria’s federation revenue in 12 years, the Nigeria Extractive Industries Transparency Initiative (NEITI) has reported. NEITI stated that over half of this figure or N279.0 billion was earned between 2015 and 2018, according to NEITI. According to the agency’s spokesperson, […]

As the international crude oil markets continue to exhibit serious volatility following the Coronavirus pandemic and raging price war between Russia and Saudi Arabia resulting in Brent crude price plunging 24%, dropping from US$34.4/barrel on March 9th to US$33.7/barrel on Friday, investment experts have lined up options for the Central […]

PricewaterhouseCoopers (PwC), a multinational professional services network of companies, has projected that Africa’s equity capital market (ECM) will sustain its volatile trend in the 2020 financial year amid promising prospects for growth if the authorities do the needful. The projection derives from the poor performance of the ECM last year […]

Managing Director, Development Bank of Nigeria (DBN), Tony Okpanachi has projected that the soon-to-be-implemented Africa Continental Free Trade Area (AfCFTA) holds great economic development potential for Nigeria. Okpanachi believes that regional integration through trade would propel Nigeria’s economic growth by offering preferential access to a much bigger single continental market […]

Members of the Nigerian Stock Exchange (NSE) have passed a resolution for the demutualisation of The Exchange at a Court Ordered Meeting (COM) and an Extraordinary General Meeting (EGM) held in Lagos. At the COM, members voted and assented to the re-registration of the Exchange as Nigerian Exchange Group Plc; […]

The Federal Inland Revenue Service (FIRS) has projected to rake in N4 trillion as tax revenue from the nation’s extractive sector of the Nigerian economy in the 2020 fiscal year. Chairman of FIRS, Mr. Muhammad Nami, disclosed this on Tuesday in Abuja when a team from the Nigerian Office of […]