CBN defends naira with $4.37bn in three months
The Central Bank of Nigeria injected $4.37bn into the foreign exchange market in the third quarter of 2020 as part of efforts to ensure the
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British firm begins gold mining in Nigeria
A British firm, Panthera Resources Plc, has announced that its associated company, Moydow Holdings Limited (Moydow), has commenced drilling at its Paimasa Project in Nigeria.
NPA receives biggest locally operated helicopter
In line with the federal government’s efforts to improve the ease of doing business in the country, the largest commercial helicopter to be operated by
2021: Nigeria needs fiscal space to help stimulate economic growth
A financial services corporation, EFG Hermes, has said urgent reform measures are needed to create some fiscal space to help stimulate economic growth in Nigeria.
Rising from ashes of chaotic year
The year was unthinkable. There was a pandemic that stung the global economy and, for several months, refused to let go. After the mid-year, there
CBN fixes N2b capital for mobile money operators
Mobile Money Operators (MMOs) are to maintain a minimum of N2 billion capital base, the Central Bank of Nigeria (CBN) has directed in a circular
We’ve not been informed of COVID-19 offenders’ travel ban –NIS
The Nigeria Immigration Service has said it has yet to receive a directive on the travel ban imposed on 100 international passengers by the Federal
OPEC sees oil outlook for 1st half of 2021 full of downside risks
The Organisation of the Petroleum Exporting Countries (OPEC) sees plenty of downside risks for oil markets in the first half of 2021, Mohammad Barkindo, its
5,432 firms got pension clearance certificates in Q3 – PenCom
A total of 5,432 employers were cleared for having pension and insurance covers for their workers in the third quarter of 2020. PenCom disclosed this
Revenue crisis may worsen
• As OPEC meets amid COVID-19 vaccine uncertainties Cartel sees mixed outlook as inventory remains high Stakeholders ask FG to hedge cuts by leveraging high
