Africa disappoints on global emerging market expectations
Africa has disappointed the world on its expected emergence as a strong and virile market, according to economic watchers. The
The markets frustrate OPEC’s efforts to push up oil prices
Know thy enemy The markets frustrate OPEC’s efforts to push up oil prices The cartel is fighting not just shale producers but the
Rising dollar debts still a worry for Africa
*Govts advised to embrace local currency liabilities… Despite having a chunk of their dollar denominated debts written off in
Kaduna state government at war with banks over revenues
The Kaduna State Internal Revenue Service (KDIRS) has threatened to seal all banks operating in the state which failed to pay its
BPE pledges to ensure port concessionaires keep to terms of covenants, agreements
The Bureau of Public Enterprises (BPE) has pledged to work with the Nigerian Ports Authority (NPA) to ensure port concessionaires keep
Nigeria Central Bank clears 36 items for access to official forex
Nigeria’s central bank has given further clarity to 36 items that are eligible to access foreign exchange at the official window of
NNPC finalising $6 bln worth of oil-for-product swaps
Nigeria’s state oil company is in the final stage of signing $6 billion worth of deals to exchange more than 300,000 barrels per
High food prices persist despite decline in core inflation in April
The food component of the consumer price index (CPI) released by the Nigeria Bureau of Statistics (NBS) inched up 0.86% in April. This
Cyber attack: NCC urges deployment of firewalls
The Nigerian Communications Commission (NCC) has urged telecommunications operators and subscribers to deploy firewalls as a proactive
Nigerian banks see stability returning
Nigerian banks are uptick that the economy is past the worst of what most described as “the most severe downturn in 25 years”, according to Renaissance Capital’s findings from its 8th annual Pan-Africa Investors conference, which held in Lagos recently.