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Power minister data show only 65.7% of electricity generated in Nigeria gets distributed

21 Sep, 17

Although the Nigerian power sector has witnessed increased generation in…

Banks back Dangote’s cash, shares bid for South Africa’s PPC

21 Sep, 17

Dangote Cement Plc, has firmly put forward its takeover bid…

Oil traders empty key crude storage hub amid OPEC production cuts

21 Sep, 17

Oil traders are emptying one of the world’s largest crude…

Big-ticket borrowers of over N1bn choke out SMEs, account for 81% of Nigerian banks’ loan portfolio

20 Sep, 17

The Nigerian money market remains characterized by excessive concentration of…

Dangote Cement lifts Nigeria’s equities index 1.0% after three days of consecutive losses

20 Sep, 17

The Nigerian equities market rebounded Wednesday after three days of…

Nigeria to beef up daily oil production by 200,000b in 2018 from Egina project as NNPC accelerates local capacity devt

20 Sep, 17

Nigeria’s Egina oil project would add about 200,000 barrels of…

Appetite for new risk assets wanes in Nigerian banks as govt. securities offer window for easy interest income

20 Sep, 17

The relative high yields on government securities have created an…

Nigeria’s central bank is acting as ‘piggy bank’ to gov’t, says MPC member

20 Sep, 17

Nigeria’s central bank is acting like a “piggy bank” with…

Iraq sees no need for further OPEC output cuts, will support consensus if such need arises

20 Sep, 17

Iraq doesn’t see a need for more collaborative oil production…

Sustained profit taking in large caps pares Nigeria’s stocks index 0.08% as bears rule, three days in a row

19 Sep, 17

The Nigerian bourse's benchmark index maintained its negative momentum at…

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