The Nigerian National Petroleum Company Ltd (NNPCL) has announced the signing of an agreement with African Refinery for a share subscription agreement with Port-Harcourt Refinery, which will enable the parties to run a 100,000bpd refinery within the Port-Harcourt Refinery complex. This disclosure was contained in a press statement on the company’s official X handle, which […]
The Philippines Security and Exchange Commission (SEC) has directed Apple and Google to remove Binance app from their App stores for users in the country. According to a news report from CoinTelegraph, the SEC had formally requested that Apple and Google to remove applications operated by Binance, the biggest crypto exchange in the world. In […]
Investment researchers at Bancorp Securities Limited, a leading investment research and consulting firm, have predicted appreciable positive sentiments in the Nigerian Exchange trading sessions as investors would reposition amidst the previous week’s lower prices The experts, in the firm’s ‘Weekly Stock Recommendation: April 22 – April 26th 2024’ report noted that the nation’s economic landscape […]
The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has expressed the readiness of the agency to partner the United States Agency for International Development (USAID) and other relevant stakeholders to address Nigeria’s food insecurity challenge. Inuwa made this remark when he received representatives from USAID, led by the Senior Digital Advisor […]
The Nigerian Capital Market Committee (CMC) has expressed its full support for the various policy measures of the Central Bank of Nigeria (CBN), particularly on the foreign exchange (FX) markets and recapitalization of banks, in view of the socioeconomic benefits to the country. The committee gave the commendation on the apex bank’s policies at its […]
Despite sundry reform initiatives of the President Bola Tinubu-led administration to revitalize the nation’s economy, latest forecast from the International Monetary Fund (IMF) indicated that Nigeria’s economy continued its unimpressive performance, dropping into the fourth position in Africa economies’ ranking chart. This is coming barely two years after it was ranked as Africa’s largest economy […]
…As Comprehensive Income Surges By 1,122% In FY 2023 The Nigeria Sovereign Investment Authority (NSIA) on Thursday restated its continued commitment to strong corporate governance, accountability, transparency and inclusion of critical stakeholders in its continued strive to improve the nation’s infrastructure for improved performance of the economy and value-addition to socioeconomic well-being of the […]
The Federal Government has assured that Nigerians and the global community that it will continue to highlight the progress made so far in its current drive to grow the Nigerian economy in order to attract more foreign investment into the country for socioeconomic well being of the citizenry. The Minister of Finance and Coordinating Minister […]
The House of Representatives Public Accounts Committee has advised the Securities and Exchange Commission (SEC) and Fiscal Responsibility Commission (FRC) to amicably resolve the differences on the alleged non-remittance of over N45 billion to the Consolidated Revenue Fund. Following defences put up by the SEC and FRC during the public hearing on leakages of government […]
The African Development Bank (AfDB) has published a report clarifying the legal framework, processes and governance for a call on the callable capital by the institution. Callable capital refers to the portion of the bank’s capital that is subscribed by shareholders but not immediately paid, and represents a commitment to make additional capital available to […]