Financing the Agriculture sector
SEC ha expressed worry that credit to agriculture sector in the last 10 years remains as low as 5%, severely hampering the sector’s growth.
Real Estate: Still not out of the woods
The latest GDP report for 2019 revealed that the real estate sector posted a negative growth of 2.36% albeit lower than the negative 4.74% reported in 2018.
Ban on generators: Throwing the baby with the bath water?
A bill for an act to criminalise the importation, selling and usage of generators in Nigeria scaled the first reading on the floor of the senate.
Driving tax revenue growth
According to FIRS boss, several multinationals within the country have failed to remit the required tax payment to the service by lying on their pioneer status.
Oil price war threatens Nigeria’s economic stability
Global oil prices declined significantly late yesterday as news reports filtered into the market of an impending price war between Saudi Arabia and Russia.
Repositioning Microfinance banks to grow economy
CBN released an exposure draft guideline for the regulation and supervision of microfinance banks in Nigeria following a review of the 2012 guidelines.
StanbicIBTC: Modest earnings despite frail Q4 performance
Stanbic's AUDITED report shows no differences in the consolidated statement of profit or loss and the Consolidated statement of financial position.
Coronavirus: FG to review budget as oil price plunges
FG has announced plans to review the 2020 budget as oil revenue comes under severe pressure following the impact of the coronavirus on oil price.
Insecurity: On the rise again
The armed gang killed at least 50 people in attacks on villages in the northern Nigerian state of Kaduna on Sunday.
IFC partners with Coronation Merchant Bank to boost trade finance in Nigeria
IFC today announced a $40 million Trade Finance Guarantee facility to Coronation Merchant Bank under its Global Trade Finance Program.
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Ekiti state government imposes curfew, full lockdown
The Ekiti state government has imposed a 12-hour curfew on movements within the state, in order to prevent the spread of the coronavirus in Ekiti state.
Nigeria pumps more Oil, joins the Oil market battle.
Nigeria has thrown itself into the battle for market share that was started by Saudi Arabia, offering its export crudes at the lowest price
Update: President Buhari to address the nation today
Muhammadu Buhari will be addressing Nigerians during a televised broadcast today, March 29, 2020 at 7pm will focus on the curtail of the coronavirus
COVID-19: DRASA trains staff to prevent spread in Lagos state
Dr Ameyo Stella Adadevoh (DRASA) Health Trust has trained 43 staffs from Lagos isolation facility on effective ways to prevent the spread of the virus.
COVID-19: NCDC equips testing centres in Ibadan, Abakaliki as figures rises
Due to the fast-rising number of confirmed cases of COVID-19 in Nigeria, NCDC has expanded the number of laboratories with the capacity to conduct the test.