Exclusives

Exclusives

Cash is biggest hurdle facing FGN-Labour deal on refineries

Stephen Onyekwelu Sep 30, 2020

The proposed agreement towards reviving Nigeria’s four moribund refineries between the Federal Government and labour unions may be an endless...

Exclusives

Banks lose juicy yields as income from government debt slumps

Bala Augie Sep 30, 2020

Nigerian largest banks no longer enjoy juicy yields that used to spare them from profit pains as income from government...

Exclusives

These 6 charts show Nigeria’s diversification has been slow

Mayo Deji-Omotayo Sep 29, 2020

For many years, especially after the lengthy collapse in global oil prices that started in 2014 and culminated in Nigeria’s...

Exclusives

HealthPlus, Chicken Republic, others locked in ownership tussles with PE investors

Odinaka Anudu Sep 29, 2020

Founders of Nigerian businesses who brought in private equity (PE) investors and venture capitalists (VCs) two to 10 years ago...

Exclusives

How electricity tariff dispute could worsen cash crunch in power sector

Isaac Anyaogu Sep 29, 2020

Nigerian Labour Congress (NLC) along with its affiliate groups has compelled the Federal Government to suspend the new electricity tariff...

Exclusives

Need for flood insurance heightens as homes, farmlands wiped away

Modestus Anaesoronye Sep 29, 2020

The need for flood insurance cover that will enable farmers and communities prone to flooding recoup their investments and also...

Exclusives

Government to ban oil trucks with capacity above 45,000 litres

Olusola Bello Sep 29, 2020

Worried by the carnage on the roads by unscrupulous petroleum tanker drivers, the Federal Government has decided to ban fuel...

Exclusives

Hope rises for unpaid private school teachers on FG’s survival fund

Mark Mayah Sep 28, 2020

The Federal Government has lifted the hopes of private school teachers who have been enduring hardship over unpaid salaries following...

Exclusives

Nigeria’s travellers pay 42% higher for COVID-19 test than peers

Temitayo Ayetoto-Oladehinde Sep 25, 2020

Nigeria’s travellers are facing a 42-percent higher charge for Covid-19 test than their peers in South Africa, Kenya, Ghana, Senegal...

Exclusives

MPR cut means interest on savings deposit shrinks to 1.15% per annum

Okafor Endurance Sep 25, 2020

The Monetary Policy Rate (MPR) cut by the Central Bank of Nigeria (CBN) on Tuesday from 12.5 percent to 11.5...

Exclusives

Low yields dampen investment returns of Nigeria’s insurers

Bala Augie Sep 24, 2020

The sharp decline in yields on risk-free treasury instruments is dampening the investment returns of Nigeria’s insurers who are already...

Exclusives

More funding options open for 41.5m SMEs amid COVID-19 scourge

Odinaka Anudu Sep 24, 2020

More opportunities to access credit have opened for Nigeria’s hard-hit micro, small and medium enterprises (MSMEs) to recalibrate their operations...

Exclusives

Have stocks gained from Nigeria’s financial repression?

David Ibidapo Sep 23, 2020

Nigerian stocks saw a short-lived gain from the artificially low-interest-rate environment until the Covid-19 pandemic struck. The financial repression tactics...

Exclusives

Interest rate cut to 11.5% means more liquidity for banks, savings rate drop

Hope Moses-Ashike Sep 23, 2020

Nigeria’s central bank’s surprised deeper easing of its benchmark interest rate by 100 basis points to 11.5 percent yesterday from...

Exclusives

How risk of Nigeria’s artificially low interest rates exceeds policy gain

Okafor Endurance Sep 22, 2020

Aimed at diverting liquidity away from risk-free instruments to the real sector, Nigeria’s low-interest rate policy may have achieved its...