The Senate and House of Representatives Committees on Appropriations are expected to turn in their report on the 2021 Appropriation Bill on Thursday. It was learnt that some standing committees have, however, yet to submit their reports on the ministries, departments and agencies.…

Experts in the financial sector have said there is need for increased focus on industrialisation and vibrant trade flows in Nigeria’s free trade zones to ensure quick economic recovery from COVID-19 challenges. They spoke at an event organised by Alaro City, the mixed-use…

The National Insurance Commission (NAICOM) said it is compiling the list of insurance companies for necessary regulatory sanctions over unsettled claims which industry experts have estimated to be over N40 billion. Commissioner for Insurance, Sunday Thomas, speaking at the 2020 insurance directors’ conference…

The international oil benchmark, Brent crude, pared some of its recent gains as what seemed to be shaping up as a smooth OPEC+ meeting has hit some turbulence with an airing of grievances. Brent, against which Nigeria’s oil is priced, fell by $0.90…

The Central Bank Governor, Godwin Emefiele, has said the Coalition Alliance Against COVID-19 will rehabilitate all the police stations that were damaged in the country as a result of wanton destruction and lootings that followed the recent End SARSprotests. Emefiele spoke during a press…

The Ogun State Ministry of Industry Trade and Investment has said it would continue to create enabling environments for entrepreneurs in the fish value chain to address the 3.5m metric tonnes deficit the country is currently experiencing. The Commissioner for Industry, Trade and…

The naira tumbled to 620 against the British pound sterling at the parallel market on Thursday, even as the euro rose to N565. The naira fell by 2.1 per cent against the pound from 607 on Wednesday, and by 1.4 per cent against…

Nigeria, Africa’s biggest oil producer, is set to resume the importation of petroleum products from a neighbouring country, Niger Republic. The Ministry of Petroleum Resources announced in a statement that the two countries signed a Memorandum of Understanding for petroleum products transportation and…

The internet giant said it would be partnering with commercial banks and credit unions starting next year to allow users to manage mobile-based accounts through the Google Pay platform, in the latest move by tech giants into consumer finance. The Plex Accounts for…

The naira extended its decline at the parallel market as the United States dollar was sold for N478. The local currency, which traded at N475 per dollar on Tuesday, has come under pressure in recent days. It plunged to N475 on Monday from…