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CATEGORY

Quick Take

FCMB Makes Loss in 3 Out of 8 Business Segments

While First City Monument Bank (FCMB) Group eked out a slim profit in its audited 2021 full year results released Friday, it happened to...

The Curious Case of Nigeria’s Shrinking Dollar Reserves as Oil Surges

In a reversal of the event from April 2020, when WTI oil briefly hit a negative $40 per barrel the shortage of everything has...

These Contractors Are Involved In Building Dangote Refinery

Dangote refinery is a 650,000 barrels per day (bpd) integrated refinery and petrochemical project under construction in the Lekki Free Zone near Lagos, Nigeria....

How eNaira Will Accelerate Growth, Boost Trade and Remittances

Nigeria’s central bank digital currency (CBDC), the eNaira, has gone live after an official launching by President Muhammadu Buhari on Monday. The launch took place...

5 Ways to Support Road Construction Projects as a Commuter

Wherever you live in Nigeria, there is at least one road construction project either in your region, state or immediate community. These development of such road infrastructure is aimed towards providing more access for people, goods, services, and to enhance general productivity and...

How to get PTA, BTA in Dollars, Pounds or Euro at Bank Branches

The Central Bank of Nigeria (CBN), has unveiled a new foreign exchange (FX) regime for the retail segment of the market, whereby Deposit Money...

Why new PIB is Better Late than Never

The oil and gas industry has a significant impact on Nigeria's economy. Though the industry contributes less than 10% to the country’s gross domestic...

Why Nigerian Bonds are Worst Performers in Africa

Nigerian bonds are the worst performers in Africa on a year to date basis, according to the latest data from Standard and Poor’s from...

Why Nigeria’s Central Bank is Moving Towards Data-Dependent Policy

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, at the Monetary Policy Committee (MPC) meeting held last week suggested that the committee's...

What to Know About Dangote Cement Share Buyback Plan

Dangote Cement announced a share buyback program late last year that intends to repurchase up to 10 percent of outstanding float of the company. A share...

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