The signing into law of the bill for using movable assets as collateral, popularly known as Collateral Registry Act, precisely on May 30, 2017, was greeted with not only resounding applauds from the financial system stakeholders, but also described as a move in the right direction. The law, which came on the realisation that small […]
The federal government on Sunday attributed trade politics amongst nations as one of the reasons why some of the country’s exports were facing challenges in their destination countries. Adeyemi Dipeolu, Special Adviser to the President on Economic Matters, Office of the Vice President, made this known at an interactive session with journalists in Lagos. Mr […]
Nigeria is at it again. It’s four-yearly crossroads around the electoral calendar in 2019 and just like 2015, political risks around elections are co-joined with economic uncertainty. As it was in 2015, when the Nigerian Stock Exchange (NSE) slumped below its three-year low due to what market analysts attributed to dwindling crude oil price, foreign […]
Nigeria has again explained it has yet to sign the African Continental Free Trade Area (AfCFTA) because it is carrying out due diligence to ensure that it would not negatively affect the local industries. Dr Adeyemi Dipeolu, Special Adviser to the President on Economic Matters, Office of the Vice President, explained also that agreement was […]
Oil prices fell by around 1 percent on Monday as drilling activity in the United States, the world’s largest oil producer, picked up and financial markets were pulled down by trade concerns. A refinery fire in the U.S. state of Illinois, which resulted in the shutdown of a large crude distillation unit, that could cause […]
A Federal High Court in Abuja has warned the Central Bank of Nigeria (CBN), the Nigerian Telecommunication Commission (NCC) and others involved in the transaction for the sale of troubled telecom firm, Etisalat (9mobile) against taking further steps to conclude the sale. The warning was informed by claim by some aggrieved investors that despite a […]
The Nigerian government has proposed N50 billion for the completion of National Library headquarters in Abuja, 13 years after the project was first conceived. The Minister of Education, Adamu Adamu, disclosed this on Friday at the seventh edition of the Weekend Ministerial Press Briefing in Abuja. PREMIUM TIMES reported how the Senate in October 2017 […]
The Economic and Financial Crimes Commission (EFCC) has denied an allegation that its operatives poisoned the Chairman of the defunct Skye Bank, Tunde Ayeni. A statement by the commission’s acting spokesman, Tony Orilade, in Abuja on Saturday dismissed the allegation as a “false alarm is to incite public opinion against the EFCC. “The attention of […]
The world’s top oil companies, the “supermajors” — US firms Chevron and ExxonMobil, Britain’s BP, Anglo-Dutch Royal Dutch Shell and Total of France – earned nearly $80 billion in net profits last year. They all boosted their bottom line, with some hitting levels not seen since a plunge in crude prices from their perch above […]
Manchester City took over the English Premier League summit on Sunday in style, inflicting a record 6-0 defeat of Chelsea, and sending them to the sixth position behind Arsenal. It was the worst defeat ever suffered by the London club in the last 26 years. But historically not the worst. Chelsea FC biggest loss and […]