CBN Demands N15b Collateral From Settlement Banks The Central Bank of Nigeria (CBN) has asked settlement banks to provide a clearing collateral of not less than...
Nigerian Bourse Pares Gains on Profit Taking Profit taking in bellwether stocks prevented the Nigerian equities market from sustaining the gains recorded the previous week as...
Nigeria, SA Top African Airlines’ Passenger Traffic Record African airlines recorded 11.2 per cent in March 2018, indicating the regional carriers currently enjoy very strong demand...
Inflation Rate Seen Heading Towards Single-digit Inflation rate in the country has been projected to drop further in April, thereby inching towards a single-digit rate. Analysts...
Despite NNPC’s Massive Importation, Marketers Still Sell Petrol Above Official Ex-depot Price Despite the flooding of the Nigerian market with petrol by the Nigerian National Petroleum...
LASG to Redevelop 100 Slum Settlements The Lagos State Government has said it plans to redevelop about 100 slum settlements across the state to make them...
NIRSAL Targets N135bn Revenue for Farmers The Nigeria Incentive-Based Risk Sharing for Agriculture Lending has unveiled plans to assist farmers generate gross revenue of N135bn this...
Between January 1 and May 5 this year, the power sector lost about N154bn as a result of the unavailability of gas, distribution and transmission infrastructure,...
Rainstorms Force Power Generation Down by 1,148MW Power supply worsened over the past week as generation fell by over 1,000 megawatts amid violent rainstorms sweeping through...
Fixed Securities Yields Crash, Equities Investments Set to Boom The Nigerian equities market is expected to record huge gains largely on the back of fast-declining yields...