New Year OPEC+ meeting to decide production levels

Oil up as OPEC+ considers rollover rather than raising output

Oil prices rose on Wednesday, boosted by expectations that OPEC+ producers might decide against increasing output when they meet this week. Signs of progress in the coronavirus vaccine rollout in the United... Read more »
CBN, NSIA to invest N50bn in Nigeria Commodity Exchnage

CBN, NSIA set to diversify economy with comodity exchange

By Peter Egwuatu The Central Bank of Nigeria, CBN, and Nigeria Sovereign Investment Authority, NSIA plan to invest N50 billion into the comatose Nigeria Commodity Exchange, NCX, is part of the government’s... Read more »
Singapore to build 200mw power plant in Delta State

Singapore to build 200mw power plant in Delta State

By Prince Okafor Nigeria’s power sector is set for a boost, following the development of the Ashama 200 megawatts solar PV power plant by B&S Power Holding Pte, a Singapore-based renewable energy... Read more »
Nigeria gasps for new LNG investments

Nigeria gasps for new LNG investments

LNG VesselBy Udeme Akpan Stakeholders have urged the Federal Government and others to invest more in the Liquefied Natural Gas, LNG, as it becomes obvious that other nations have left the nation... Read more »
Environmental pollution, cause of low life expectancy in Nigeria ― Survey

Environmental pollution, cause of low life expectancy in Nigeria ― Survey

*Oil spillage Some stakeholders in the South–East of Nigeria have blamed environmental pollution in some parts of the country for a low life expectancy of Nigerians, a survey by the News Agency... Read more »
Customers applaud Universal Insurance on prompt claims settlement

Challenges, prospects of increasing access to insurance

By Rosemary Iwunze In 2012, the Central Bank of Nigeria, CBN, launched the National Financial Inclusion Strategy with the aim of increasing the number of adults that have access to financial services... Read more »
IMF backs CBN's decision on cryptocurrency

IMF backs CBN’s decision on cryptocurrency

***harps on forex rates unification, economic diversification Emma Ujah – Abuja The International Monetary Fund (IMF) has thrown its weight behind the Central Bank of Nigeria (CBN) in the latter’s decision directing... Read more »
Insurance operators demand extension of recapitalisation deadline

Local insurers losing out on big ticket transactions, NAICOM laments

By Rosemary Iwunze The National Insurance Commission, NAICOM, has lamented the declining participation of local insurers in big ticket businesses such as aviation, annuity as well as oil and gas risks underwriting.... Read more »
Only 11% of workforce is enrolled in the pension scheme – PenOp -

Retired university workers, families suffering, NASU, SSANU raise alarm

Non-Academic Staff Union of Universities and Allied Institutions, NASU, and the Senior Staff Association of Nigerian Universities, SSANU counterpart, have raised the alarm over the untold hardship retired members and their families... Read more »
Action Committee on AfCFTA partners NSC on transportation infrastructure deficit -

Mapping Nigeria’s foray into Africa’s single market

By Yinka Kolawole The African Continental Free Trade Agreement, AfCFTA, is a continent-wide trade pact aimed at tearing down barriers to commerce among African countries. It is focused on trade liberalisation across... Read more »