Escalating trade tensions between China and the U.S. have dampened prospects for developing Asia, with the region’s economy expected to grow slower than predicted this year and in 2020, the Asian Development Bank (ADB) said on Wednesday. The Manila-based ADB scaled down its forecast for economic growth in developing Asia, which includes 45 countries in […]

The Bankers Committee yesterday announced a N200 billion credit facility to boost production and export of five cash crops. The cash crops are Coaca, Oil Palm, Shea Butter, Sesame Seed and Cashew

Concerns have continued to mount over continuous depletion in the country’s disposable income, which stood at N30 trillion as at second quarter (Q2’18).

THE Electricity Generation Companies, GENCOs, have identified inaccurate data, government interference, and inefficiency as major factors, currently affecting power supply in the country.

Otunba Subomi Balogun, the founder of FCMB Group is full of gratitude as he marks 85 years in his illustrious journey on earth. “God has given me everything”, he said.

By Babajide Komolafe Foreign exchange inflows through the Investors and Exporters (I&E) foreign exchange window hit the $50 billion at the end of February. This huge inflow was instrumental to the  stability of the  naira against the dollar since 2017. The Investors and Exporters (I&E) forex window allows investors and exporters to purchase and sell […]

THE Electricity Generation Companies, GENCOs, have identified inaccurate data, government interference, and inefficiency as major factors, currently affecting power supply in the country.

The desire for bigger financial strength in order to expand market share and deliver superior products to a larger consumer base is increasingly driving more companies to mergers and acquisition (M&As).

Development of off-grid power distribution solution, otherwise, known as standalone power system will open up the power sector to more investment opportunities from within and outside the country, thereby contributing to economic productivity and Gross Domestic Product (GDP) growth,a n investment banking firm, Emerging Africa Capital Group, has said.

AS Nigeria’s stock market turn positive with significant capital gains ahead of official conclusion of the general elections, oil prices, yesterday shot up, apparently over uncertainty over the outcome of the election’s as well as the political tension in Venezuela. Also the pressure on oil price appears to be coming from a positive sentiment over United States–China talks.

They are slowly plowing their way across thousands of miles of ocean toward America’s Gulf of Mexico coastline. As they do, twelve empty supertankers are also revealing a few truths about today’s global oil market.

Remittances by Nigerians living abroad provided a boost to the economy in 2018 as the total value of remittance from migrants amounted to $25 billion, (about N9 trillion), the highest diaspora inflow into the country in the last 13 years.

FOR the first time in 2019, the oil price yesterday rose from $62.00 to $64.56 per barrel in the international market, indicating $4.56 in excess of Nigeria’s $60.00 budget benchmark.

If analysts’ projections are anything to go by, activity and yields in the fixed income market would remain in fluctuation through 2019, though uptrend may be short lived.

In its latest report – the Nigerian Upstream Oil and Gas Report – sent to Vanguard, Afrinvest West Africa, a Lagos based investment banking firm, stated: “While we expect fiscal reforms in the industry to proceed at a slow pace, there may be respite when deepwater product sharing contracts (PSCs) expire between 2023 and 2028 as long-lead projects will depend on the fiscal terms negotiated upon renewal. Another major constraint for explorers is the lack of any new licensing round since 2007.