Friday, April 24, 2026
Indorama’s investment in Nigeria to hit $6.4bn by 2025
…to add methanol, ammonia plants Indorama group, Nigeria’s petrochemicals and fertiliser behemoth would chalk up its investment portfolio in the...
Read moreDetailsNNPC vows to promptly remit crude sales funds to federation account
The Nigerian National Petroleum Corporation (NNPC) has restated its commitment to the prompt payment of proceeds from its operations to...
Read moreDetailsNigeria at risk of losing $15bn of crisis-era bad loans
Nigeria is facing the risk of never recovering about 5.5 trillion naira ($15 billion) of bad loans taken over during...
Read moreDetailsWith Nigerian bond yields at 14%, it seems nobody wants equities
Nigerian stocks have next to no chance of success when they’re competing for capital against one of the emerging world’s...
Read moreDetailsFacebook to pay $5bn to settle privacy breach allegations
Social networking firm, Facebook, on Wednesday, agreed to pay a record $5 billion to settle an ongoing investigation into allegations...
Read moreDetailsIMF’s growth forecast for Nigeria improves by 0.3%
The International Monetary Fund has raised the growth forecast of Nigeria’s economy for the 2019 financial year by 0.3 percent...
Read moreDetailsCBN grant banking licences to Titan Trust, Globus, Taj
The Central Bank of Nigeria (CBN) has added three new banks to the list of deposit money banks and financial...
Read moreDetailsSenate petroleum committee to quiz NNPC over fuel subsidies, 43 modular refineries
The upper chamber of Nigeria's senate has mandated its petroleum committee to invite the ministry of petroleum and the Nigerian...
Read moreDetailsCBN plans repositioning Nigerian bank’s LDR to par with other countries
The loan to deposit ratio (LDR) of the Nigerian banking industry measures low when pitched against what is obtainable in...
Read moreDetailsNNPC $3.15bn financing agreement for OML13 seen as game changer; FG to earn $10.2bn in 15yrs
A $3.15 billion financing and technical services agreement that is being described as an oil and gas project financing game...
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