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
Read more
Latest
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
Read more
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
Read more
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,
Read more
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
Read more
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
Read more
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
Read more
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
Read more
Bitcoin rises above $60,000 for first time
Bitcoin, the most popular cryptocurrency, briefly crossed $60,000 on Saturday for the first time to hit a fresh high on
Read more
Naira crashes to 485 against dollar
The Nigerian currency fell against the dollar on Friday at both the parallel market as well as the investors’ and
Read more