Nigeria’s inability to meet the Organization of Petroleum Producing Countries, OPEC’s quota of 1.7 million raises serious economic concerns. The Nigerian National Petroleum Company NNPC Ltd, reported that Nigeria produces less than 1.5million bpd of the crude oil quota. This shortfall has resorted to borrowing to complement budget deficits, since oil is still the mainstay …
NIGERIA’S OPEC QUOTA SHORTFALL RAISES SERIOUS CONCERNS Read More »
The Capital Market Option Deutsche Partners Holding with the special consent of the securities and exchange commission Nigeria under the platform infra dialogue is holding a dialogue termed ” Post covid-19 infrastructure dialogue” where it will hold intellectual and practical discourse about the infrastructure status in Nigeria, its deficit, investment opportunities and the role the …
POST COVID-19 INFRASTRUCTURE FINANCING IN NIGERIA Read More »
The Debt Management Office of Nigeria (DMO) reported a surplus of N1.31 billion for the 2019 financial year. This represents a 144.1% increase in profit compared to N538.4 million recorded in the previous year. This is according to its recently published financial statement, released on its website. The agency recorded growth in profit despite a 5.5% …
Nigeria’s DMO posts N1.31 billion profit, records 144.1% increase Read More »
Government Urged to Provide Investments Platform for Indigenous Iron, Steel Manufacturers The federal government has been advised to provide investment platforms that would assist indigenous manufacturers of iron and steel doing business in Nigeria, boost production to foster economic growth in the nation. The Chairman, Basic Metal, Fabricated Iron and Steel Products, Mr. Kamoru …
Nigeria is set to receive an IMF facility of $3.85 billion an amount which is part of a general allocation of Special Drawing Rights (SDRs) of the international multilateral Institution. In 2020, Nigeria was a beneficiary of an IMFs Rapid Financing Instruments (RFI). The loan was approved by the International Monetary Funds (IMF) Board of …
IMF LOAN MAY STRENGTHEN NIGERIA’S EXCHANGE BY YEAR’S END Read More »
The Asset Management Company of Nigeria, AMCON, has effectively taken over the National Insurance Corporation of Nigeria, NICON Insurance. NICON Insurance was privatized in 2005 with the core investor having 70 percent shares, and the Federal Government retaining 30 percent. The major investor was alleged to use the assets of the company as collateral for …
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