DAMILOLA AINA explores the essential factors to consider when investing in bank shares and the pitfalls to avoid The Nigerian banking sector has recently become a focal point for investment, largely due to a new directive issued by the Central…
President Bola Tinubu has disclosed that the country spends N2tn monthly to import petrol and diesel. Tinubu stated this during his recent nationwide broadcast to Nigerians. According to the President, despite Nigeria’s abundant oil and gas resources, his administration met…
DANIEL ADAJI discusses how people are embracing cheaper substitute food as a way to cope with high inflation in the country In June, Nigeria’s inflation reached a 28-year high of 34.19 per cent, causing hardship for many Nigerians. The situation…
The Central Bank of Nigeria has approved the merger of Providus Bank and Unity Bank. The apex bank, in a statement signed by the acting Director, Corporate Communications, Hakama Sidi, on Tuesday, said the action is in accordance with the…
Nigeria’s public debt stock is projected to hit N130tn this year, raising concerns about the country’s debt-to-gross domestic product ratio. This was revealed in a report by Afrinvest, an investment management company, titled, ‘Bank Recapitalisation, Catalyst for a $1tn Economy,…
Some experts in the oil and gas sector have said Nigeria was not ripe to stop the importation of refined petroleum products, asking the Nigerian Midstream and Downstream Petroleum Regulatory Authority not to bow to pressure. The experts stated this…
AXA Mansard has stated the urgent need for increased efforts to check against the impacts of climate change posing a threat to humanity. In a statement issued by AXA Mansard to PUNCH Online on Wednesday, during the launch of Shared…
The importation of vehicles into Nigeria dropped from 28,024 units in the first quarter of 2023 to 10,991 units in the same quarter of 2024, representing a 60.8 per cent decrease, a document by the Nigerian Ports Authority stated. The…
Oando PLC has denied allegations on social and digital media that it owns a blending plant in Malta. The energy company also denied importing dirty fuel into Nigeria through a Maltese company, Raz Hansir Oil Terminal Limited. A statement by…
Nigerian Enamelware PLC has reported a post-tax loss of N2.6bn, a 254 per cent decline from the N1.7bn profit recorded the previous year. According to the company’s audited financial statements for the year ended April 30, 2024, which was filed…
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