Forex Crisis: Fitch Downgrades 10 Nigerian Banks A leading global rating agency, Fitch Ratings, has revised down the Support Rating Floors of 10 Nigerian banks to...
OPIC, Stakeholders Discuss New Mortgage Scheme The Ogun State Property and Investment Corporation has held discussions with stakeholders in the housing sector to roll out a...
Local Cement Production Saves Nigeria $2bn Annually Nigeria is saving about $2bn annually as a result of the local production of cement by different manufacturers, the...
CBN to Provide N750bn for Agric Bank Recapitalisation The Central Bank of Nigeria is to provide about N750bn for the recapitalisation of the Bank of Agriculture...
NNPC, Shell, Banks Sign $2.2bn Deal for Contractors Shell, supported by the Nigerian National Petroleum Corporation, has signed Memoranda of Understanding with eight local banks under...
With Inflation at 18.3%, It’s Not Rational to Cut Interest Rate As the Central Bank of Nigeria’s Monetary Policy Committee (MPC) prepare to commence its last...
NNPC May Adjust Petrol Pump Price on Falling Cargo Rates The Nigerian National Petroleum Corporation (NNPC) may undertake a downward review of the pump price of...
Digging Into Endless Search for Inland Crude Oil The Federal Government had recently renewed interest in its quest to ensure that the country begins to explore...
Non-oil Exports: NEPC Targets ICT, Entertainment, Four Others In a bid to diversify the nation’s revenue from oil, the Nigerian Export Promotion Council has identified six...
Federal Allocation to States Crashes by N864bn Federation Account allocations to the 36 states in the country have fallen by an average of N2bn per state...