Forex inflow rises 36.5% to $33.76bn in five months
By Elizabeth Adegbesan Nigeria’s net foreign exchange (forex) inflow rose by 36.5 percent year-on-year (YoY) to $33.76 billion in the first five months of 2026 (5M’26), from $24.72 billion in the corresponding period of 2025 (5M’25). The increase came amid ongoing efforts by the Central Bank of Nigeria (CBN) to deepen the foreign exchange market, […]
Prestige Assurance income up by 33.47 %
In spite of the scourging heat of the global financial meltdown, Prestige Assurance Plc recorded 33.47 percent rise in its net premium income for the financial year ended December 2008.
Oil industry operators lament dearth of projects
OIL and gas industry operators, particularly the engineering and fabrication sub-sector have lamented the seeming dearth of projects to sustain their operations, noting there is the risk most yards in the country may shut down and lay off staff next year if no jobs are forthcoming anytime soon.
Govt, Oil firms disagree over investment on projects
INDICATIONS emerged yesterday that Multinational oil companies operating in the nation’s upstream sector might have opted for the stability of the operating environments as the federal government moves to ensure adequate funding of oil exploration and production in the country.
Shareholders seek enforcement of corporate governance
FOLLOWING the global financial meltdown and its negative impact on the Nigerian economy, shareholders have canvassed for the enforcement of corporate governance
Standard Chartered half yr operating profit rises 10% to $2.84bn
STANDARD Chartered Plc has announced its half year’s result of 2009 as it posted a 10 per cent rise in operating profit before tax to $2.84 billion.
