News & Insights

The Nigerian Maritime Administration and Safety Agency (NIMASA) and modular refinery operators, on Wednesday, deliberated on the availability of 0.5 per cent Sulphur Compliant bunker fuel in preparedness for its enforcement in the country. The Executive Director Operations, NIMASA, Mr Ahmed Shehu, disclosed this at the NIMASA two-day meeting with […]

The Department of Petroleum Resources (DPR) is set to flag-off the oil and gas industry Alternative Dispute Resolution Centre (ADRC). Precisely, the regulator will be inaugurating the advisory council and body of neutrals in Lagos today. The Head of Public Affairs at DPR, Mr. Paul Osu, disclosed this in a […]

The Central Bank of Nigeria (CBN) has extended its move against chronic debtors in banks to mortgage banks, Microfinance banks and Finance Houses,   It said that the move against bad debtors prompt the need to extend its Credit Risk Management System (CRMS) to the other financial institutions (OFIs) in […]

The Nigerian Stock Exchange(NSE) yesterday announced the launch of new identity following its demutuaisation that led to the creation of the non-operating holding company NGX Group Plc and its subsidiaries: Nigerian Exchange (NGX) Limited; NGX Regulation (NGX RegCo) Limited, and NGX Real Estate (NGX RelCo) Limited. Speaking on the development, […]

Stakeholders in the oil and gas sector have insisted on the need to get the best from Nigeria’s enormous gas resources, as the country embarks on $47.4 billion gas projects. The country has recorded progress on key gas projects. The Brass Gas Hub is expected to be built for $3.5 […]

The French Minister of Foreign Trade and Attractiveness, Franck Riester, had arrived in Nigeria to open the ‘Choose Africa’ conference, a €3.5 billion initiative by the France President, Emmanuel Macron, which is dedicated to supporting the development of start-ups and SMEs in Africa. Riester said the initiative would enable the […]

As part of its efforts to promote a safe and sound financial system in the country, the Central Bank of Nigeria (CBN) has ordered all Development Financial Institutions (DEIs), Microfinance Banks (MfBs), Primary Mortgage Banks (PMBs) and Finance Companies(FCs) to enrol on its Credit Risk Management System (CRMS). This is […]

The Minister of Power, Engr. Sale Mamman, has said Nigeria will rake in N7 billion in tax revenue and another $10 million as annual import substitute from the ongoing Solar Power Naija scheme. The minister disclosed this at the weekend during the launch of the second phase of the scheme […]

Decades after the industry took its root, Nigeria’s insurance industry, sadly, stands at less than five per cent penetration. The poor adoption is a big threat to the survival of about 58 insurance firms across the country. Already, about 30 per cent of the operators are less active and have […]

Technological advancement in the financial world, over the last two decades, has significantly increased competition among stock exchanges globally and this competition has pressured many exchanges to adopt business models that have greatly improved their efficiencies and effectiveness. One of the ways global stock exchanges have adopted business models and […]