FCMB’s credit losses exceed profit, hit N57bn
FCMB Group Plc’s profit before tax for the first nine months of this year failed to keep pace with its
Read more
Latest
Naira extends slide as FX market loses 13% of liquidity
The naira extended its decline against the dollar on the official market as liquidity was 13.37 percent lower last week,
Read more
CBN’s resistance to rate hikes raises concern
The Central Bank of Nigeria’s (CBN) refusal to raise its benchmark interest rate since July despite rising inflation has left
Read more
MPC meeting rendered largely ineffective, says CBN gov Cardoso
The Governor of the Central Bank of Nigeria, Oluyemi Cardoso, has said a dislocation of monetary transmission mechanisms rendered the
Read more
Nigeria’s economic growth seen picking up in Q3
The Nigerian economy is expected to expand at a faster pace in the third quarter of this year than in
Read more
CBN’s poor communication harming credibility: Capital Economics
The Central Bank of Nigeria has not done a good job of communicating its plans and strategies, putting its credibility
Read more
NNPC says 275,000 barrels restored to oil output
The Nigerian National Petroleum Company Limited said 275,000 barrels have been restored to the country’s oil production. The NNPC said
Read more
Shell, partners poised to boost skills for Nigerian oil sector
Shell Petroleum Development Company (SPDC) and its joint venture partners have built and handed over a Centre of Excellence in
Read more
FX forwards contracts rise as naira falls further
With no end in sight to the depreciation of the naira against the dollar, there was an increase in foreign
Read more
‘Dangote refinery likely to start producing in late 2024’
Nigeria’s Dangote oil refinery is likely to come on line from late 2024 at the earliest, London-based Capital Economics has
Read more