Business & Finance

The Naira entered Tuesday’s trading session in a steady fashion amid optimism over US-China trade talks and rebounding oil prices. Although a majority of emerging market currencies were impacted by a stabilizing Dollar, the Naira stood…
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The Kaduna Inland Dry Port Limited inaugurated by President Muhammadu Buhari last year is far from realising its full potential, no thanks to lack of functional rail and deplorable state of roads in the country. The port…
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The Federal Inland Revenue Service (FIRS) has disclosed that its new target for 2019 is to hit N8.3 trillion from the collection of various taxes in the year. It would be recalled that the FIRS realised N5.32 trillion in 2018. The…
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World Bank President Jim Yong Kim announced Monday he would step down next month, more than three years before his current term was due to expire The decision ends Kim’s six-year tenure and may give US President Donald decisive…
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...Analysts see further increase in 2019 as Naira comes under pressure THE Central Bank of Nigeria, CBN, cash injection into the nation’s foreign exchange market rose by 118 percent to about $48 billion in 2018 from $22 billion in 2017.…
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In its move to manage liquidity, the Central Bank of Nigeria (CBN) has reported N17.5 trillion Open Market Operation (OMO) sales in 2018. Information obtained from the apex bank official website revealed increased OMO sales in December…
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Total Nigeria Plc has announced plans to invest heavily in renewable power sources as part of its major projects for 2019. Managing Director of the company, Imrane Barry, disclosed this at the company’s 2018 end-of-year and award…
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In order to encourage investment in modular refinery in the country, the Federal Government has given approval for the reduction of import duty rates on modular refinery equipment and components. The Federal Ministry of Petroleum…
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KEY INDICATORS IndicatorValueCommentaryInflation11.28%As at December 14, 2018. A c.2bps increase from 11.26% recorded in October 2018MPR14.00%Left Unchanged for the 12th Consecutive Time at the Nov. 22, 2018 MPC MeetingExternal…
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Oil and gas firms operating in the country flared a total of 215.9 billion standard cubic feet of natural gas in the first nine months of last year, amounting to a potential loss of N197bn. Data obtained by our correspondent from the…
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