2019 elections, exchange rate may delay banks’ recovery

2019 elections, exchange rate may delay banks’ recovery

Oyetunji Abioye Post-recession recovery of commercial banks in the country is still in doubt because a number of economic issues are expected to impact on their performance in coming months, it has been learnt. Findings by our correspondent revealed that most of the banks were still grappling with huge non-performing loans and this situation would ...
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Inflation pushes local airfares up by 57%

Inflation pushes local airfares up by 57%

Ifeanyi Onuba The high rate of inflation in the country is taking its toll on the aviation sector with the number of passengers declining by 456,135 between January and June this year. An analysis of a new report on the sector prepared by the National Bureau o...
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W’Bank wants Nigeria on Africa’s mining map again

W’Bank wants Nigeria on Africa’s mining map again

Stanley Opara The World Bank has said Nigeria deserves to be on the African mining map again, after losing out some years ago. It said the country would boost its economic fortunes and further create good jobs for its teeming populace if the mining model was h...
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Investors ignore Nigeria in 2018 investment plans — Report

Investors ignore Nigeria in 2018 investment plans — Report

Ozioma Ubabukoh Nigeria, for the first time in over 30 years, has failed to make the list of destination points for investors willing to invest in Africa, a new report has stated. The report, ‘Where to invest in Africa’, released on Friday, read, “Nigeri...
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Osinbajo says inaccurate billing responsible for irregular power supply in Nigeria

Osinbajo says inaccurate billing responsible for irregular power supply in Nigeria

Vice President Yemi Osinbajo has said that the problem of irregular power supply in Nigeria is caused by inaccurate billing system resulting from insufficient metering machines. The post Osinbajo says inaccurate billing responsible for irregular power supply ...
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Akwa Ibom SMEs get N125m loan from FG

Akwa Ibom SMEs get N125m loan from FG

Vice-President Yemi Osinbajo says the federal government has disbursed N125 million as loans to micro small and medium enterprises (MSME) in Akwa Ibom. He disclosed this at the nationwide MSME The post Akwa Ibom SMEs get N125m loan from FG...
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Onyeama: IMF, World Bank need to be reformed

Geoffrey Onyeama, minister of foreign affairs, says there is a need to reform the governance structure of the Bretton Wood institutions which are the World Bank and the International Monetary The post Onyeama: IMF, World Bank need to be reformed...
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China Confirms Will Limit Oil Exports To North Korea

China Confirms Will Limit Oil Exports To North Korea

China will limit exports of refined petroleum products to North Korea starting October 1, its commerce ministry said, confirming Beijing’s participation in new UN sanctions intended to rein in its rogue neighbour. The United Nations Security Council, inc...
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Respite, as OPEC ratifies Nigeria’s continued exemption from oil output cut

Respite, as OPEC ratifies Nigeria’s continued exemption from oil output cut

The Organisation of the Petroleum Exporting Countries, OPEC, yesterday, ratified Nigeria’s continued exemption from crude oil production cap. The post Respite, as OPEC ratifies Nigeria’s continued exemption from oil output cut appeared first on Vanguar...
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FG, WAPP construct power line to Benin Republic

FG, WAPP construct power line to Benin Republic

Okechukwu Nnodim, Abuja The Federal Government and the West African Power Pool have commenced the process for the construction of a second 330 kilovolt transmission line that will further boost electricity supply to the Republic of Benin. Nigeria supplies elec...
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