Nigeria’s equities market to remain positive in 2022, say analysts
Parthian Securities’ analysts have predicted that the Nigerian equities market will remain positive due to the increased participation of domestic players in 2022, despite being a pre-election year. Parthian Securities…
FG threatens port terminal operators over service fee
The Federal Government has said that proper implementation of the Practitioners Operating Fee will promote global competitiveness, threatening sanctions on operators who fail to comply with its collection. It said…
Twitter won’t be free for commercial, govt users, says Elon Musk
Elon Musk, on Wednesday, said Twitter commercial and government users may have to pay to use the micro-blogging platform. Twitter on Monday, April 25, confirmed the selling of the platform…
World Bank to review poverty index over inflation, others
The World Bank plans to revise the global poverty line from $1.90 to $2.15 due to increases in the costs of basic food, clothing, and shelter across the world. This…
Cooking gas: Nigeria needs $750m for 5MMT annual consumption
NIGERIA requires about $750m investment in the transportation and retailing infrastructure for Liquefied Petroleum Gas, popularly called cooking gas, to achieve the target of five million metric tonnes of annual…
Power firms owe banks N861.14bn amid electricity crisis
THE debt owed to Nigerian banks by operators in the power sector rose by 12.83 per cent in one year to N861.14bn in December 2021 amid the lingering problems plaguing…
Nigerians to pay more as telcos plan 40% tariff hike
Telecommunication companies are proposing a 40 per cent increase in the cost of calls, SMS, and data to the Nigerian Communications Commission as a result of the rising cost of…
50 passengers rescued as fire guts aircraft tyres in Port Harcourt
At least 50 passengers were rescued when fire gutted the tyres of an aircraft operated by Dana Airlines Limited in Port Harcourt. The incident occurred on Monday evening at the…
External reserves fall by $196m in eight days
Nigeria’s external reserves fell slightly by $196m in eight days to $39.62bn as of April 28, according to figures obtained from the Central Bank of Nigeria. The CBN revealed that…
700 companies jostle for N12bn railway projects – NRC
THE Nigerian Railway Corporation has said that about 700 companies applied for its N12bn capital projects procurement. Speaking during the exercise in Lagos, the Director of procurement, NRC, Mr Benjamin…
Overdue debt repayment weak in most states, DMO warns
The Director-General, Debt Management Office, Ms Patience Oniha, has said that many state governments still struggle to pay arrears, a development that threatens the level of debt sustainability in states.…
Nigeria’s crude production crashed by 1.2 million barrels in April – OPEC
The Organisation of Petroleum Exporting Countries on Monday said insufficient investments in the oil sector had limited the capacity of Nigeria and other OPEC member nations to pump the volumes…
