News & Insights

Goddy Egene As part of efforts to identify investors properly, guard against flow of illicit funds into the capital market and address challenges associated with identity management generally, the Securities and Exchange Commission (SEC) has developed a standardised Investor’s Data and Consent Form to be adopted by all capital market […]

Says pandemic forces demand down by 6.8m barrels Ejiofor Alike and Peter Uzoho Managing Director of Nigeria National Petroleum Corporation (NNPC), Mr. Mele Kyari, yesterday said Nigeria would remain in production despite the prevailing below-the-cost-of-production price of oil in order to strategically position itself as a reliable global supplier of […]

As Organisation of Petroleum Exporting Countries (OPEC) and other non-OPEC oil producing countries (OPEC+) meet today in Vienna, Austria, African Energy Chamber, a chamber of networks, transactions and partnerships in Africa’s growing energy industries, has urged them to reach a deal and end the current oil prices war. Daily Trust […]

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The National Insurance Commission (NAICOM) has rolled out palliative measures to sustain insurance operations and shield policy holders from the negative effects of COVID-19 pandemic. NAICOM said the move was part of its business continuity measures, adding that it was to, “as much as possible, ensure availability of insurance services […]

Stories by Chineme Okafor in Abuja The global Extractive Industries Transparency Initiatives (EITI) has warned that projects initiated in the extractive sectors of natural resource-rich and dependent countries before the outbreak of the COVID-19 may experience delays and outright cancellations when the pandemic ends. In a message of solidarity to […]

Global container shipping lines have canceled more than 160 sailings over the past week as they try to maintain freight rates in the face of billions of dollars in potential losses driven by falling trade demand. The service cancellations have grown from 45 last week to 212, according to Copenhagen-based […]

The International Monetary Fund is considering a $3.4 billion emergency bailout for Nigeria. The fund is to be used to mitigate the impact of the COVID-19 pandemic on the Nigerian Economy. This is according to  Kristalina Georgieva, the Managing Director of the IMF. Nigeria’s Minister of Finance, Zainab Ahmed had […]

The World Bank Group has announced the sum of $82 million funding support for Nigeria’s ongoing fight against the dreaded COVID-10 pandemic. The Breton Woods institution stated it would be providing direct and long-term financial support to the country over the next 15 months while also extending similar supports to […]

The International Monetary Fund has said the global economy will slide into a recession that is “at least as bad as during the global financial crisis or worse” this year on the back of the coronavirus pandemic. The Managing Director, IMF, Kristalina Georgieva, in a statement on Monday, said many […]