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Finance & Economy - Page 265

Stronger Local Content Policies Key to Unlocking Africa’s Energy Market Value – Ogbe

Nigeria’s Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, says Africa risks losing billions in potential market value unless oil-producing nations hardwire local content policies into their energy strategies. Speaking at the 4th African Petroleum

November 6, 2025

Finance & Economy

Bankers Seek Stronger Economy In 2022

The Bankers Committee in it’s two-day meeting that ended Wednesday afternoon shared ideas on new ways to contribute to the growth of the Nigerian economy while making it more resilient to withstand probable shocks that may be occasioned by the latest COVID-19

December 16, 2021

Finance & Economy·News

Headline Inflation Decreases To 15.40% In November – NBS

Statistician-General of the Federation, Mr Simon Harry has said that the National Bureau of Statistics (NBS) report for November, revealed that Inflation decreased by 0.59 per cent to 15.40 per cent.

December 16, 2021

Oil & Gas

Nigeria’s Oil Production Increases By 2.55 Million Barrels – OPEC

The Organisation of Petroleum Exporting Countries (OPEC) on Tuesday said crude oil production in Nigeria increased by about 2.55 million barrels in the month of November 2021. OPEC noted that the country’s crude oil production rose by 85,000 barrels to 1,420,000 barrels

December 15, 2021

GTCO, First Bank Fail To Make Top Five Performing Nigerian Bank Stocks In H1 2023

Finance & Economy

Banks Record N1.3tn Non-Performing Loans – CBN

Commercial Banks in Nigeria, according to the Central Bank of Nigeria, recorded non-performing loans of N1.3tn as of November which is still currently above the industry benchmark. Figures obtained from the CBN on Monday showed that the bad loans represented 5.4 per

December 14, 2021

Oil & Gas

NNPC To Stop Rising Cooking Gas Price, Increase Supply

The Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, disclosed that the NNPC was making efforts to increase the supply of Liquefied Petroleum Gas, popularly called cooking gas, in a bid to force down its price. Kyari, who

December 14, 2021

Finance & Economy

Nigeria Earmarks N41billion For Heritage Bank’s Dry Season Wheat Farmers

High demand and poor production capacity of wheat have propelled an allotment of N41billion already being disbursed by Heritage Bank Plc to farmers across multiple states to expand the wheat production project. The Central Bank of Nigeria’s disbursed fund is to actualise

December 14, 2021

19 Bank Workers Sacked, As Nigerian Banks Lose N1.17 billion To Fraud

Finance & Economy

Fears, Concerns For Nigerian Banks In 2022

ANALYSTS at Vetiva Research, in a new report, say that the operating environment in Nigeria will remain tough for Nigerian banks as a result of harsh interest rates, inflationary pressures, and potential competition from telcos, especially the new payment service banks (PSBs)

December 14, 2021

FEATURES·Finance & Economy

High Costs, Run-away Inflation Greet 2021 Yuletide

Majority of Nigerian households spend 196 per cent of their monthly income on Christmas There is an air of uncertainty among majority of the population as Nigeria’s inflation is set for the 8th consecutive monthly decline, yet financially embattled Nigerian consumers face

December 14, 2021

Femi Otedola Sells Geregu Shares After Plan To Acquire Transcorp Fails

Finance & Economy·News

Otedola Gets Upper Hand, Increases Shareholding To 7.5% In FBN

Billionaire investor and chairman of Geregu Power Plant, Femi Otedola has announced an increase in his shareholdings of FBN Holdings, (First Bank parent company) to 7.57per cent. This was disclosed in a letter to the bank by Mr Otedola dated December 9,

December 14, 2021

Finance & Economy

Access Bank’s Shareholders Think Restructuring To HoldCo Dec 16

Shareholders of Access Bank Plc will be presented with the scheme of arrangement to restructure the bank to a holding company for approval at the Court-Ordered Meeting on December 16,

December 13, 2021

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Finance & Economy - Page 265

Stronger Local Content Policies Key to Unlocking Africa’s Energy Market Value – Ogbe

Bankers Seek Stronger Economy In 2022

Headline Inflation Decreases To 15.40% In November – NBS

Nigeria’s Oil Production Increases By 2.55 Million Barrels – OPEC

Banks Record N1.3tn Non-Performing Loans – CBN

NNPC To Stop Rising Cooking Gas Price, Increase Supply

Nigeria Earmarks N41billion For Heritage Bank’s Dry Season Wheat Farmers

Fears, Concerns For Nigerian Banks In 2022

High Costs, Run-away Inflation Greet 2021 Yuletide

Otedola Gets Upper Hand, Increases Shareholding To 7.5% In FBN

Access Bank’s Shareholders Think Restructuring To HoldCo Dec 16

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