Nigeria’s inflation seen nearing 15% on petrol price, power tariff
The recent hikes in petrol price and electricity tariff will push Nigeria’s inflation to 14.8 percent in November from 14.23
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Author: Markets Reporters
Bad loans in Nigerian banks drop despite COVID-19 crisis
The volume of non-performing loans in the banking sector fell by 3.50 percent to N1.17 trillion in the third quarter
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Nigerian banks’ credit to economy hits N19.87tn in Q3
The total amount of loans advanced by Nigerian banks to the economy rose by 5.58 percent to N19.87 trillion in
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NNPC boss pledges continued transparency, eyes profitability
The Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, has said he is committed to conducting
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Investors lose N464bn as Nigerian stocks extend losing streak
Investors lost N464bn this week as the Nigerian stock market on Friday extended its losing streak to the fifth straight
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Elumelu’s foundation, EU to empower 2,500 African women
The Tony Elumelu Foundation announced on Friday a partnership with the European Union to identify, train, mentor and fund 2,500
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Reopen borders to unlock growth potential, IMF advises Nigeria
The International Monetary Fund has advised the Nigerian government to lift trade restrictions as part of reforms needed to unlock
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20 million Nigerians could become poor by 2022 – World Bank
The number of poor Nigerians could increase by 15 to 20 million by 2022 in the absence of measures to
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Naira falls to 482/dollar despite new CBN policy
The naira weakened against the dollar to 482 at the parallel market on Monday, paring some of its recent gains,
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Nigeria’s electricity regulator chair, Momoh, bows out
The outgoing Chairman of the Nigerian Electricity Regulatory Commission, Prof. James Momoh, has handed over the leadership of the commission
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