The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has said the single-digit funding enjoyed by businesses in the priority sectors of the economy over the last…
Category: BUSINESS
Marketer Seeks Reduction of Import Duties on Cylinders
The Chief Executive Officer, Second Coming Nigeria Ltd., a Liquefied Petroleum Gas (LPG) marketing company, Dr. Basil Ogbuanu, has called on the federal government to reduce import duties charged on…
Demand for investors’ protection deepens as companies exit NGX
As the Nigerian Exchange Limited regains its upward movement after the sharp dip following the general elections, investors have another challenge to deal with; companies seeking to delist from the…
NNPCL subsidiary rakes in N256bn revenue – Report
The Nigerian National Petroleum Company Retail Limited, a retail subsidiary of the NNPC Limited group, raked in total revenue of N255.6bn in its 2022 financial year, data from the report…
CBN: FG Spent $894m to Service Foreign Debts from January to April 2023
Data released by the Central Bank of Nigeria (CBN) has revealed that the federal government spent $894 million to service foreign debt obligations from January to April 2023. The export…
Nigeria’s GDP Growth Slows to 2.31%, Driven by Non-oil Sector in Q1
Nigeria’s Gross Domestic Product (GDP) growth rate slowed to 2.31 per cent (year-on-year) in real terms in the first quarter of the year (Q1, 2023) compared to 3.52 per cent…
NGX links investment to economic growth
The Nigerian Exchange Limited has said that sustainable finance is important to the transformation of the Nigerian economy. Divisional Head, Capital Markets, NGX, Jude Chiemeka, made this known while delivering…
Dangote Refinery opens, eyes crude from three continents
As the Dangote Refinery begins operations on Monday (today), the 650,000 barrels per day oil processing facility has been designed to process crude oil grades from the three continents of…
Interest rate hike likely to go up again as MPC meets
Central Bank of Nigeria (CBN) may increase the benchmark interest rate for the seventh time amid concerns about rising inflation and currency depreciation. All leading finance and investment analysts surveyed…
FAAN to manage Gombe airport
The Federal Airport Authority of Nigeria has taken over the operations of Gombe airport. Disclosing this shortly after undertaking an inspection of major areas of the airport, the Managing Director…