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