Oil Prices Climb on Positive Expectations Oil prices edged higher amidst global economic uncertainties on expectation that demand in China and US would come strong as market weighed top consumer economic data. Brent settled 0.69% higher on the day. However, prices continue to trade in a fairly narrow range, a trend seen since the start […]

IMF Supports Zambia Economic Reform with $1.3bn – Official The International Monetary Fund, IMF, said so far, the fund has extended about $1.3 billion to support Zambia’s economic reform, details from an official statement revealed. The authority in Zambia embarked on reforms after failure to meet obligations owe to creditors.  Faced with weak macroeconomic conditions, […]

Entrepreneurship: FG Earmarks N10m Each for 5,000 Corps Members The Federal Government says it plans to empower at least 5,000 Corps members with N10 million each to fund their entrepreneurial ventures upon passing out of the NYSC scheme. The Minister of Youth Development, Dr Jamila Ibrahim, revealed this on Monday in Abuja, during the opening […]

Equities Investors Lost N296bn over Rising Sell Appetite on NGX Equities investors lost more than N296 billion on Monday as stock market tumbled due to sustained sell pressures. Sell pressures on SEPLAT (-10.0%) and UBA (-10.0%) undermined market performance. Consequently, stock market performance declined by 0.53% with Year-to-Date returns printed lower at 30.7%.  According to […]

Support FG’s Policy on Economy- Customs Boss The new Area Comptroller, of Nigeria Customs Service (NCS), Ogun Area 1 Command, Mr James Ojo, has appealed to Nigerians to support the policy of the Federal Government towards revamping the nation’s economy. Ojo appealed on Monday in Ota, Ogun. According to him, the policies of the Federal […]

$2.5bn Fraud: EFCC to Join Forces with UK Prosecutors in Diezani’s Case There were indication over the weekend that the Economic and Financial Crimes Commission (EFCC) plans to join forces with the United Kingdom prosecutors as an interested party in the trial of former Petroleum Minister, Diezani Alison-Madueke, in a UK court. A team from […]

NITDA Reiterates Need for Digital Content Moderation, Online Safety The National Information Technology Development Agency (NITDA) says there is need for safety and content moderation in the digital space in line with global practices. Malam Kashifu Inuwa, Director-General, NITDA, made this submission on Monday when a team from TikTok, a social media platform, visited him […]

Funds, Competence Necessary in Nigeria’s Bidding Round- ND Western An indigenous oil and gas company, ND Western, has disclosed why financial muscle, technical competence and historical performance are major considerations in Nigeria’s bidding round. Eberechukwu Oji, the Managing Director of ND Western, disclosed this at the just-concluded Petroleum Technology Conference (OTC), in Houston, Texas, U.S. […]

Access Bank Sierra Leone Appoints Cole as Chairman, 4 Others Access Bank Sierra Leone Ltd.(Access Bank (SL) Ltd.) has appointed Mr Maurice Cole as Chairman of its Board of Directors, following the exit of Ms Alice Onomake, the former Chairman. The bank said this in a statement made available to newsmen on Monday in Lagos. […]