OVER N4TRN DEBT: AMCON, AMPs strategise to tighten noose on obligors
As part of the renewed strategy of the executive management of the Asset Management Corporation of Nigeria (AMCON) currently led by Mr Gbenga Alade as MD/CEO, the Corporation at the…
Nigeria’s Renaissance Energy halts production into Trans Niger oil pipeline
May 16, 2025 Nigerian oil firm Renaissance Energy has halted production into the country’s Trans Niger oil pipeline, a major oil artery transporting crude from onshore oilfields to the Bonny…
FG introduces new online citizenship, business management platform
May 16, 2025 The Ministry of Interior has announced the launch of a new Online Citizenship and Business Management Platform. This is contained in a statement by the Ministry’s Permanent…
CBN and the one trillion-dollar economy, by Arize Nwobu
The Central Bank of Nigeria( CBN) has keyed into the USD1trillion economy envisioned by President Bola Ahmed Tinubu by 2030. And the global management consulting firm, Mckinsey and Co is…
Edun lists gains of Nigeria joining European Bank for Reconstruction and Development
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has listed gains of Nigeria’s admission into the European Bank for Reconstruction and Development (EBRD). This development…
US shifting Africa strategy to ‘trade, not aid’ – Envoy says
May 15, 2025 U.S. envoys in Africa will be rated on commercial deals struck, not aid spent, a senior State Department official said, touting it as the new strategy for…
Nigeria among 3 African countries cleared for New investments – EBRD
May 15, 2025 The European Bank for Reconstruction and Development (EBRD) has cleared new member states Nigeria, Ivory Coast and Benin for investments following approval by the development finance institution’s…
Nigeria’s inflation rate dropped to 23.71% in April- NBS
May 15 2025 The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate eased to 23.71 per cent in April 2025. The NBS disclosed this in its Consumer Price…
AFRICA-FX: Kenyan and Nigerian currencies could slip
May 15, 2025 The Kenyan and Nigerian currencies are expected to weaken slightly against the dollar in the next week to Thursday, while Uganda’s and Zambia’s may hold steady and…
Nigeria in talks with Petrobras on deep water acreage- Minister says
May 14, 2025 Nigeria is discussing exploration of its deep water oil acreage with Petrobras, years after the Brazilian oil giant exited the west African nation, Nigeria’s Foreign Minister Yusuf…