marhoatumu

Nigeria literally threw N197 billion into the flames in the first nine months of 2018, representing the value of gas flared during the period. Read more

Ladies and Gentlemen, when the current Management of the Bank of Ghana took office in early 2017, the banking sector was faced with many challenges. We inherited a financial system which was under a considerable state of distress, with banks that were not meeting the capital adequacy requirement and others whose capital was eroded with […]

There have been interesting events in the political terrain in the past few weeks, but the one that has gained unnecessary attention was this allegation by Alhaji Abubakar Atiku, presidential flag-bearer of the opposition Peoples Democratic Party, (PDP) that the president, Mohammadu Buhari and his family own shares in Etisalat and Keystone Bank. Read more

The Nigerian government said it had filed a $1.1 billion lawsuit against Royal Dutch Shell and Eni in a commercial court in London on Thursday in relation to a 2011 oilfield deal. Read More

Doha: Qatar Airways continues to march ahead as the award-winning airline plans to add 15 new destinations to its network next year. The national carrier of Qatar also plans to receive 36 new aircraft in 2019, according to Akbar Al Baker, Group Chief Executive Officer, Qatar Airways. Read more

The Senate Committee on Gas Resources and the Nigeria National Petroleum Corporation (NNPC), on Thursday, said no 1.05 billion dollars is missing from the Nigerian Liquefied Natural Gas (NLNG) dividend account. Read more

The National Bureau of statistics (NBS), says the Consumer Price Index (CPI), which measured inflation increased to 11.28 per cent (year-on-year) in November from 11.26 per cent recorded in October. Read more

Access Bank (Ghana) has announced the appointment of Olumide Olatunji as its new Managing Director, effective December 5, 2018. Read more

Investors in the nation’s equities market lost N27.89bn as the market dropped further on Wednesday. Read more

A Nigerian judge adjourned on Wednesday a hearing over an $8.1bn dispute between South African telecoms giant MTN and the central bank until January. 22. Read more

Nigerian equities lost N28 billion yesterday as selloffs in the banking sector coloured the overall market position. While there were more gainers than losers, losses suffered by highly capitalised banking stocks depressed the overall market situation. Read more

Enhancing Financial Innovation and Access (EFInA), a financial sector development organization has released its 2018 survey that shows the number of people with access to financial services has increased, but the organization says there room for improvement as the formal labour market is not absorbing enough Nigerians. Read more

The Economic and Financial Crimes Commission (EFCC) has released Tunde Ayeni, former chairman of Skye Bank Plc, after questioning him over 2015 election funds. Read more

The Executive Secretary, Petroleum Products Pricing Regulatory Agency (PPPRA), Abdulkadir Saidu,  says the Federal Government has no plans to increases the price of  Premium Motor Spirit known as petrol. Read more

The 41 items are rice, cement, margarine, palm kernel/palm oil products/vegetables oils, meat and processed meat products, vegetables and vegetables products, poultry chicken, eggs, turkey, private airplanes/jets, indian incense, tinned fish in sauce (Giesha)/sardines, cold rolled steel sheets, roofing sheets, galvanized and cold rolled steel sheets. Read more

There would be hiccups in the supply of fuels in the country as the Depots and Petroleum Products Marketers Association of Nigeria (DAPPMA)yesterday insisted that its members will withdraw their services as planned today and refuted reaching an agreement with the Federal Ministry of Finance on the payment of the N800 billion subsidy arrears. Read […]

The Federal Government, yesterday, said it would pay oil marketers N236 billion next Friday, being first tranche of the outstanding N348 billion subsidy claims owed members of the Major Oil Marketers Association of Nigeria, MOMAN, and the Depot and Petroleum Products Marketers Association, DAPPMA. Read more

The Central Bank of Nigeria (CBN), in collaboration with the Bankers Committee and the Nigerian Postal Service (NIPOST), will set up a Micro Finance Bank (MFB) to enhance financial inclusion and credit to the agricultural sector as well as small and medium scale enterprises (SME). Read more

HOUSTON (Reuters) – The recent nosedive in crude prices came just as shale producers had started delivering healthy returns after years of heavy spending to boost production and market share. Read more

Canada has arrested the chief financial officer of China’s Huawei Technologies, who now faces extradition to the United States on suspicion she violated U.S. trade sanctions against Iran. Read more