Forum

The nation’s foreign exchange reserves have dropped to a seven-month low, losing $1.02bn in the 13 days to Monday, latest data from the Central Bank of Nigeria showed on Wednesday. Read more

There was mild drama on Tuesday in the Senate over the management of over $3.8 billion fuel subsidy fund by the Nigeria National Petroleum Corporation (NNPC). Read more

Minister of State, Mines and Steel Development, Alhaji Abubakar Bwari has disclosed that private investors have expressed their readiness to commit about $3.32 billion to fund some projects in the mining sector. Read more

The Federal Government, yesterday, said the engineering, procurement and construction of the planned $4.3 billion Nigeria Liquefied Natural Gas Limited (NLNG) Train 7 plant will be done in-country by mostly Nigerian companies. Read more

  Inflation rate rose for the second consecutive month in September to 11.28 per cent from 11.23 per cent recorded in August. Read more

The Minister of State for Mines and Steel Development, Abubakar Bawa Bwari, has said the future of mining in Nigeria is very bright and there is no better time to invest in the sector than now. Read more

A new premium high strength cement from the staple of Dangote Cement Plc, has been formally unveiled in Lagos to the delight of block makers, distributors and other stakeholders. Read more

    THE Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, Engr Simbi Wabote,Executive Secretary, Nigerian Content Development and Monitoring Board, NCDMB, and Mr. Udom Inoyo, Executive Vice Chairman, ExxonMobil, Nigeria, and several others are set for the 3rd Africa Oil & Gas Talent Summit in Lagos, Nigeria. Read more

Nigeria still has ample room to borrow more whenever it needs to do so, the Minister of Budget and National Planning, Senator Udo Udoma, has said. Read more

BIG news from Flutterwave. It is announcing that it has raised a series A “extension round” that brings its entire funding to date to $20 million – In 2016, Flutterwave raised $10 million, followed by an undisclosed Series A in August 2017. Read more

    The Central Bank of Nigeria, CBN, yesterday responded to the International Monetary Fund, IMF, propositions on judicious use of the nation’s external reserves to build buffers against the shock of rising interest rates in the monetary policy normalisation regime of the United States, saying CBN’s policy preference for now is to maintain exchange […]

MarketResearchNest.com adds “Global Hardware Security Module Market Insights, Forecast to 2025”new report to its research database. The report spread across 112 pages with multiple tables and figures in it. Read more

Recently, I passed through two simple but highly effective and clean international airports, both located in Africa, and this led me to share a post on social media. I ended it with a prayer, which goes thus, ‘May the sleeping giant of Africa truly arise!’ Read more

  The oil market is well-balanced and well-supplied. This was one of the key messages in the speech that OPEC’s Secretary General Mohammad Barkindo delivered at the Oil & Money Conference in London this week. Read more

The nation’s production of crude oil, including condensate, rose to 2.16 million barrels per day last month, the highest level so far this year, the Ministry of Petroleum Resources has said. Read more

The Asset Management Corporation of Nigeria (AMCON) has said it wants a quick sale of Polaris Bank, the lender created to take over the assets and liabilities of failed Skye Bank Plc. The corporation has also insisted that its sunset (2023) clause will not be extended even as it has vowed to recover the bad […]

The International Monetary Fund (IMF) has cautioned Nigerian Financial Authorities on how it spends the country’s foreign exchange reserves due to the unstable prices of crude oil. Read more

The Nigerian Value Added Services, VAS, market is valued at about N79 billion. Yet, it is dangerously going in comatose. Read more

The Nigerian stock market lost N10 billion, yesterday on renewed sell-off in high capitalised stocks. The All-Share- Index (ASI) shed 27.26 absolute points, representing a decline of 0.08 per cent to close at 32,417.70 points. Read more

The Central Bank of Nigeria, CBN, yesterday, said it has revoked the licence of Garu Microfinance Bank, a microfinance institution in Bauchi state. Read more