ECONOMY

The Minister of Finance, Mrs. Kemi Adeosun on Monday expressed the determination of the current administration to lead in the reforms of a more vibrant Nigeria insurance market. The Minister in her opening remarks at the National Insurance Conference in Abuja explained that a developed and active insurance market would...

The Speaker of Federal House of Representatives, Rt. Honorable Yakubu Dogara,  has pledged to deepen the nation’s capital market using the legislative backing. The speaker who visited the Nigerian Stock Exchange (NSE) alongside Chairman, Committee on Capital Market, Hon. Tajudeen Yusuf; Deputy Chairman, Media and Publicity, Hon. Gaza Gbefwi at...

The annual report of 2015 released by the Nigerian Ports Authority (NPA) has revealed that about 5,090 oceans going vessels with a Gross Tonnage (GT) of 144.20 million tonnes called at the Nigerian ports in 2015. The report shows that all the ports in the country recorded a decrease in...

The Bank of England warned Tuesday that risks to financial stability were materialising after Britain's shock EU exit referendum, as commercial property investors scrambled to pull money out on Brexit fears. The central bank's Financial Policy Committee (FPC) watchdog outlined various risks after Britons had voted last month to leave...

By Niyi OLAOYE The Federal Government has directed the Financial Reporting Council of Nigeria (FRC) to investigate bank on Aviation Intervention funds given to banks. The directive which was convened by Senate Committee on Trade and Investment Chaired by Mrs. Fatima Raji Rasaki, to FRC management during a courtesy visit...

Niyi Olaoye Following the United Kingdom’s surprise vote to leave the European Union (EU), financial experts in Nigeria have said that the Britain’s decision to leave the EU could have a negative consequences on Nigerian economy considering its strong economic ties with Britain, as a member of the British Commonwealth....

The Board of Directors of the African Development Bank (AfDB) approved US $300-million and US 50-million Trade Finance Loans to First Bank of Nigeria (FBN) and FSDH Merchant Bank Nigeria (FSDH), respectively. The two facilities are part of the AfDB’s broader efforts to provide countercyclical support to the Nigerian economy...

The Nigerian National Petroleum Corporation (NNPC) has said that its strategy to fund capital intensive projects in the upstream sector of the oil and gas industry has begun yielding fruits with the signing of a Memorandum of Understanding (MoU) with some Chinese companies worth $50 billion for infrastructure development. The...

ABDUL-KHALIQ OLALEKAN With the United Kingdom having voted in its recent referendum to leave the European Union (EU), experts expect many businesses with existing or planned investments in the UK to  be looking to new investment frontiers, stating that Africa will be next point of call for investors. Analysts at...

 By Niyi Olaoye The Central Bank of Nigeria (CBN) on Wednesday said  that the Bureau De Change (BDCs) operators in the country should not lose hope, as they are not forgotten in the new foreign exchange regime. Speaking at an interactive session between BDCs and CBN, Governor of CBN, Godwin...