Investors are getting cold feet in their acquisition of seven out of ten National Integrated Power plants (NIPPs), having failed to make full payment of…
According to analysts, the directive of President Buhari to compel government Ministries, Departments and Agencies to maintain the Single Treasury Account (TSA), could whittle down…
Etisalat Nigeria has completed the transfer of 555 telecom towers to IHS, the second tranche of a sale and leaseback deal announced last year. Following…
All Federal Government Ministries, Department and Agencies have been mandated to run a single account, the Treasury Single Account (TSA) for all revenues, incomes and…
Standard and Poors, the ratings agency, is recommending that Sukuk bonds be considered for financing infrastructure needs in countries such as Nigeria. S&P however said…
There is growing concern over the rise in banks’ non-performing loans. Nine lenders (Diamond, FBN Holdings, FCMB, Fidelity, Skye, Stanbic IBTC, Unity, Union and Wema)…
President Muhammadu Buhari has approved the appointment of Dr. Emmanuel Ibe Kachikwu as the new Group Managing Director (GMD) of the Nigerian National Petroleum Corporation…
The Presidency has announced that President Muhammadu Buhari aims to cut recurrent expenditure in next year’s budget in order to prioritize development projects. Last year’s…
Some of the tax incentives offered to encourage Foreign Direct Investments into the country are now doing more harm than good. According to legislators, Nigeria…
Eni SpA, Italy’s largest oil company is considering selling part or all of its onshore Nigerian operations as it seeks to divest peripheral businesses. Eni’s…