News & Insights

The Central Bank of Nigeria, CBN, said it disbursed N1.79 trillion for financing development in nine schemes from January to September 2020. This is contained in the apex bank’s October 2020 Economic Report released last weekend. Analysis of the report shows that out of the amount disbursed, N1.19 billion was […]

        By Henry Uche Nigerian owned businesses and businesses operating in Nigeria recorded over 106 corporate deals valued at over $4.3 billion (N1.63 trillion) in 2020. This data was according to newsletter from Nigerian Investment Promotion Commission, NIPC quoting Nairametrics. Nigeria’s investment climate was precarious in 2020 […]

        The Central Bank of Nigeria (CBN) has directed banks to deny exporters with unrepatriated export proceeds from accessing all banking services by January 31.   The apex bank issued this directive in a circular sent to banks in the country.   Affected exporters are expected to […]

THE $1.1 billion Oil Mining License, OML, 17, deal, undertaken by TNOG Oil and Gas Limited, a related company of Heirs Holdings and Transcorp will enhance Local content development in Nigeria’s oil and gas industry. In an interview with British Broadcasting Corporation, BBC, monitored by Vanguard, Mr. Bismarck Rewane, an […]

  The Minister of Science and Technology and leader of the South-East zonal caucus of the APC, Dr Ogbonnaya Onu   The federal government has approved the guidelines for the implementation of the Executive Order 5, the Minister of Science and Technology, Dr. Ogbonnaya Onu has disclosed. The Order places […]

                  The ECOWAS Court of Justice has delivered 261 judgments on a total of 496 cases filed before the Court since its inception in 2003, according to the 2020 judicial statistics released by the Registry of the Court.   Despite the Covid-19 […]

    Following two consecutive losses, the equities market of the Nigerian Stock Exchange rebounded as the market capitalisation increased by ₦50.3 billion to settle at ₦21.5 trillion while the year to date return rose to 2.2 per cent. The All-Share Index rose 23bps to close at 41,147.72 points due […]

  THE price of Nigeria’s Bonny Light rose yesterday in the international market following the expectation that the United States’ new president, Joe Biden, would ‘act big’ in tackling the Coronavirus (COVID-19) pandemic. The prolonged COVID-19 has culminated in a gross reduction of economic activities globally, precipitating low oil demand […]

    Muhammadu Buhari   •EFCC may begin probe of bribery allegation by Ayeni •NIMASA to take back security of ports By Abiodun Eromosele President Muhammadu Buhari has cancelled the lucrative but controversial Secure Anchorage Area (SAA) contract handled by Ocean Marine Solutions Limited (OMSL), a highly-placed presidency source told […]

        The Nigerian Office for Trade Negotiations (NOTN) over the weekend said exporters or agents willing to move products to countries under the African Continental Free Trade Area (AfCTA) should obtain permits, licences, certificates and other relevant documentation from appropriate government agencies as the intra- continental trade […]