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‘Nigeria losing over $8billion to non-passage of auto policy’, imports 400,000 used vehicles annually

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It has been argued that the non-passage of the automotive policy bill will further hamper the development of the auto sector. What is your take? Read more

Uber had the worst first-day dollar loss ever of any US IPO

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The much-anticipated Uber initial public offering managed to break a record, but not one that investors would’ve hoped for. Read more

Facebook Faces a Big Penalty, but Regulators Are Split Over How Big

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Facebook’s announcement in late April that it had set aside $3 billion to $5 billion to settle claims that it mishandled users’ personal data suggested a strong consensus by federal regulators that the social media giant needed to be held accountable. Read more

NNPC negotiating, processing $15bn oil sector financing deals

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The worth of financing transactions in the oil and gas sector that are currently being negotiated, processed and at approval stages by the Nigerian National Petroleum Corporation is $15bn. Read more

How low yield, high NPL took toll on tier-1 banks’ performance

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THE high Non-Performing Loans (NPLs) in the banking industry as well as decline in the yield environment in the Federal Government of Nigeria, FGN, debt instruments have taken a toll on financial performance of tier-1 banks operating in the country. Read more

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