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All posts tagged "featured"

  • Nigeria loses N3.4tn as crude production drops

    Crude oil production in Nigeria, including condensates and natural gas liquids, fell by 23.94 million barrels in the second quarter of this year, down from a total of 165.62mb in the preceding quarter to 141.68mb. According to...

    • 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 to households, businesses and institutions in the country, the Nigerian Electricity Regulatory Commission has said. This came amid a report from the System...

    • 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 threatened by a whopping N1.679 trillion non-performing loans (NPLs) has generated reactions from market watchers and economic analysts, who feared the situation may...

    • 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 agencies started selling dollars to Bureau De Change operators in line with the Central Bank of Nigeria directive. “We have started receiving dollar...

    • 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 terms of size of assets and deposit of banks, the market share of the five largest banks in the country, declined to 43.30...

    • Posted October 7, 2016
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  • NSE capitalisation dips by N92bn in one day

    THe market capitalisation of the Nigerian Stock Exchange dropped by N92bn at the close of trading on the floor of the Exchange on Wednesday to N9.620tn from N9.712tn. The NSE All-Share Index also fell to 28,009.40 basis...

    • 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 due to low oil prices, which may push up credit risks for commercial banks as naira weakness makes loans harder to service, the...

    • 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 spill over to the rest of West Africa with negative consequences. It also raised the alarm that Nigeria was spending too much of...

    • 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 of biofuels production from selected energy crops through its agriculture development programme. It stated that it had started mobilising to site on a...

    • 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 revealed that oil and gas exposures constitute about 40 per cent of the banks’ loan portfolio. However, Alade, who disclosed this in an...

    • Posted October 6, 2016
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