Oil plunges to $62 on rising dollar, vaccination hurdles
Brent crude, the global oil benchmark, extended its decline on Thursday to its lowest level in two weeks on growing
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GTBank profit rises to N239.09bn, customer deposits up 39%
Guaranty Trust Bank Plc has reported a profit before tax of N239.09 billion for the 2020 financial year, up from
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DMO lists N162.56bn, seven-year Sukuk on NGX
The Debt Management Office has listed the N162.56bn, seven-year, FGN Ijarah Sukuk with a rental rate of 11.20 percent on
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Shell, Eni get victory in Nigerian oil corruption case
A Milan court, on Wednesday, acquitted Eni, an Italian energy major, and Shell along with a series of past and
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Ardova plans to establish N6bn bond issuance programme
Ardova Plc, formerly Forte Oil Plc, has said it is proposing to establish a N6bn bond issuance programme and potential
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CBN may not increase interest rates amid rising inflation: Capital Economics
Concerns about a weak economic recovery may keep the Central Bank of Nigeria from increasing interest rates amid rising inflation,
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Nigeria’s inflation jumps to 17.33%, highest in four years
The inflation rate in Nigeria surged to 17.33 percent in February, its highest level in four years, official figures showed
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Nigeria borrowed N5.52tn in 2020, debt now N32.92tn: DMO
Nigeria’s total public debt rose by N5.52 trillion last year amid the COVID-19 pandemic, official figures have shown. The country’s
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Nigeria’s unemployment rate rises to 33.3%
The unemployment rate in Nigeria, Africa’s biggest economy, rose to 33.3 percent in the fourth quarter of 2020 from 27.1
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Nigeria’s power generation slumps to 3,212MW, blackout worsens
Electricity supply in Nigeria, Africa’s biggest economy, worsened on Saturday as generation fell by 1,439.1 megawatts. Total generation in the
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