Nigeria
Foreign reserves drop by $4.45bn in one year
Nigeria’s foreign reserves, which stood at $43.07bn as of the beginning of January 2019, fell by $4.45bn to $38.619bn as…
Sanwo-Olu signs Lagos 2020’s N1.1tr budget into law
Babajide Sanwo-Olu, Lagos State governor has signed the 2020 budget of the state into law. This is coming barely 24 hours…
Nigeria moves against hasty adoption of ‘Eco’
Strong indications emerged yesterday that Nigeria is dissatisfied with what it considers as hasty adoption of the ‘Eco,’ the proposed…
IOCs delay $58.4bn oil, gas projects in Nigeria
A number of oil and gas projects valued at $58.4bn are facing an uncertain future as international oil companies operating…
NAICOM extends insurers’ recapitalisation deadline to December 2020
The National Insurance Commission has extended the recapitalisation deadline for insurance companies earlier slated for June 30, 2020 to December…
No plan for devaluation of the naira, says CBN
The Central Bank of Nigeria (CBN) has ruled out the possibility of devaluing the naira next year, expressing optimism that…
