Nigeria’s sovereign bonds slipped on Monday after U.S. President Donald Trump threatened military action in the country if it did not take action to protect Christians, but veteran investors said the fallout was likely to be limited. According to Reuters, longer-dated bonds fell the most, with the 2051 issue falling roughly 0.5 cents before retracing…
The Minister of Marine and Blue Economy, Adegboyega Oyetola, yesterday said the Federal Government, through the Federal Ministry of Marine and Blue Economy recognized the importance of seafood trade not only as an economic activity but also as a source of animal protein and a driver of industrial linkages. He therefore stated that ultimately, the…
Oil workers have kicked against the planned sale of oil and gas assets, warning the development could seriously hurt the economy. The workers, acting under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) rejected the Federal Government’s plan to…
Nigeria’s President Bola Tinubu has directed the Bank of Agriculture (BoA) to settle outstanding arrears owed agro-dealers and input suppliers under the auspices of the National Agricultural Growth Scheme and Agro-Pocket (NAGS-AP). The directive followed release of ₦30 billion by the African Development Bank (AfDB), a statement by external Media Relations Lead for BoA, Judith…
The Chief Executive, Nigerian Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe, has said the country’s competitive reform agenda has delivered 28 Field Development Plans worth $18.2billion in investment commitments, underscoring the attractiveness of the upstream sector to investors. These commitments are also expected to unlock 1.4 billion barrels of oil (bbo) and 5.4 trillion cubic…
By Dr. Robert Ekat In an increasingly interconnected world, where physical borders are diminishing in significance, the financial sector is undergoing a profound transformation. This evolution is largely driven by the rise of financial technology, or Fintech, which is reshaping the very nature of banking and making global financial transactions more accessible and efficient than…
The Nigerian National Petroleum Company Limited (NNPCL) says the country is targeting $60 billion in new investments over the next five to seven years to expand gas infrastructure. Group Chief Executive Officer of NNPCL, Mr Bayo Ojulari, disclosed this while addressing a global audience from 150 countries at the opening of the Gastech Exhibition and…
The Trade Union Congress of Nigeria (TUC) has rejected the proposed five per cent tax on petroleum products of the Federal Government and threatened to embark on a nationwide strike if the government fails to withdraw it. Its President General, Mr Festus Osifo, in a statement he jointly signed with Mr Nuhu Toro, General Secretary…
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has expressed concern over the growing menace of Illegal, Unreported, and Unregulated (IUU) fishing, vowing that Nigeria will work with regional and international partners to curb the practice. The Minister disclosed this when he received the Chairman and the Secretary-General of the Fisheries Committee for the…
