News & Insights

A former Governor of the Central Bank of Nigeria, Prof Charles Soludo, has urged Nigerian banks to adjust to developments that may arise as a result of the African Continental Free Trade Area agreement. Soludo, who is also a member of the Economic Advisory Committee to the President, spoke during […]

The Director-General of the World Trade Organisation (WTO), Roberto Azevêdo, has advised regulators across the world to serve domestic policy objectives while preserving a level playing field for market competition. According to him, businesses want increased transparency and predictability so that they would be able to make informed decisions. He […]

The equities market opened for the week on a negative note yesterday after recording a major recovery last week. The market had gained 2.04 per cent last week, the highest weekly gain since August 23, 2019. However, contrary to expectations that the growth, which was propelled by a shift to […]

Inflation rate rose by 11.61 percent in October 2019, being 0.36 percentage points higher than the 11.24 percent recorded in September 2019. The Consumer Price Index (CPI), which measures inflation, released yesterday by the National Bureau of Statistics (NBS) showed that increases were recorded in all divisions that yielded the […]

The Chairman, Governing board, Nigerian Investment Promotion Commission (NIPC), Hon. Babangida Nguroje, has said that the synergy between the commission and the Federal Ministry of Special Duties and Inter-Governmental Affairs will see to the full optimization of the economic zones within the country and boost investments. He said this yesterday […]

As Debt Management Office (DMO) set to auction N150 billion in FGN Bonds tomorrow, eight banks have been appointed as agents to interface with its prospective investors. The banks are Access Bank Plc; First Bank of Nigeria Limited; Standard Chartered Bank Nigeria Limited; Citi Bank Nigeria Limited and First City […]

The Nigerian National Petroleum Corporation (NNPC) has concluded arrangements with the United States Trade and Development Agency (USTDA) to sign a $1.16 million grant as part-funding for the NNPC-Abuja Independent Power Project (IPP), modelled to generate 1,350 megawatts of electricity to alleviate the power challenge in the country. At a […]

Improved risk management and recovery strategies being adopted by banks have led to a significant decline in the provision for loan losses as indicated in the nine months results ended September 30, 2019. THISDAY checks showed that the aggregate loan losses provision, otherwise known as impairment charges by 11 banks, […]

The International Maritime Organisation (IMO) has stated its commitment to assisting Nigeria and other member states on the United Nations (UN) 2030 Sustainable Development Goal (SDG) agenda. The Director, Technical Cooperation Division of the IMO, Mr. Juvenal Shiundu said this while speaking at a two-day Regional Workshop on, “UN Sustainable […]

As part of the capital raising for the 2019 Budget, the Debt Management Office (DMO) is offering five, 10 and 30 year bonds at 12.8 percent, 14.6 percent and 14.8 percent interest rates respectively. This was contained in a document published on the Debt Management Office (DMO) website on Wednesday. […]