Industries

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  Nigeria loses N3.4tn as crude production drops

  Crude oil production in Nigeria, including condensates and natural gas liquids, fell by 23.94...

  • Posted October 10, 2016
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  NERC okays mini-grids for power firms

  Power distribution firms will soon begin the development of mini-grids to augment electricity supply...

  • Posted October 10, 2016
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  Banks’ NPLs may worsen with economic recession – Analysts

  The revelation by the Central Bank of Nigeria (CBN) that the banking industry is...

  • Posted October 10, 2016
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  Naira may record gain this week

  The naira is expected to stabilise on the parallel market after international money transfer...

  • Posted October 10, 2016
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  Nigeria’s five largest banks record drop in market share

  The Central Bank of Nigeria’s (CBN) Financial Stability Report (FSR) has revealed that in...

  • Posted October 7, 2016
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  Bad loans rising, dollar scarcity to continue — CBN

  The scarcity of foreign exchange will remain challenging in the second half of 2016...

  • Posted October 7, 2016
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  Nigeria’s economic crisis may spill to West Africa – IMF

  The International Monetary Fund has warned that the current economic crisis in Nigeria may...

  • Posted October 7, 2016
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  NNPC to produce diesel from crops

  The Nigerian National Petroleum Corporation on Wednesday announced that it had commenced the integration...

  • Posted October 7, 2016
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  Oil sector exposure constitutes 40% of Banks’ loans – Alade

  The Central Bank of Nigeria (CBN) Deputy Governor (Economic Policy), Dr. Sarah Alade has...

  • Posted October 6, 2016
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  SMEDAN, NICON sign MoU on insurance cover for SMEs

  The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has signed a memorandum...

  • Posted October 6, 2016
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