Fresh worry over aviation fuel quality, contaminants

Aviation stakeholders have expressed worry over the quality of aviation fuel airlines use locally, especially its exposure to contaminants within the supply chain. The concern is not unconnected with recent findings that linked some air crashes and contaminated fuel. Again, some of the recommendations that emerged from the accident investigations have not been implemented.  Meeting […]

Fed Govt, private sector raise N2.55tr from capital market

THE Federal Government and private companies raised more than N2.55 trillion from the capital market in 2020 as government and companies intensified the use of the capital market to finance their activities, despite the lockdowns and disruptions that marked the year. A breakdown of the capital raisers last year showed that the Federal Government raised […]

NERC reads riot act to generating companies

The Nigeria Electricity Regulation Company (NERC), has warned the Association of Power Generation Companies (APGC), against what it described as consistent acts of disrespect. The Commission, therefore, cancelled the meeting that was to hold on Tuesday, and warned against future occurrence of similar conduct by the association. NERC was reacting to the call by generation […]

NNPC cautiously hopeful about oil demand recovery, deepens gas devt

The Nigerian National Petroleum Corporation (NNPC) has expressed cautious optimism about oil demand growth, adding that it had begun the process to diversify its portfolio beyond oil assets to hedge future crisis and align with global energy transition. The oil firm noted that the country’s huge unharnessed gas resources as well as condensate could provide […]

What will Nigeria be exporting under AfCFTA?

After many years of negotiations, the African Continental Free Trade Area (AfCFTA) came into effect at the beginning of this year. While the trade deal appears to have inherent benefits for the continent, the readiness of many African governments remains in doubt. Indeed, African leaders have come to the realisation they have to build infrastructure, […]

Hospitality sector’s revenue dips by nearly 90 per cent

•Investors task govt on incentives to enhance industry growth The nearly one-year devastating effect of the COVID-19 crisis has continued to take huge toll on the hospitality sector, as the bottom-line of listed firms in the sector has remained vulnerable to the challenges of restrictions. The most hit is the share price of these companies […]

‘I started small, Bank Of Industry lifted me’

Chief Innocent Ifediaso Chukwuma is the chairman and managing director of Innoson Motor Manufacturing Company. In this interview with Leo Sobechi, he talks about challenges of entrepreneurship and his induction into Igbo Leaders Business Hall of Fame. As a pioneer of indigenous motor manufacturing, what challenges did you face and what motivated you into manufacturing […]

Practical Ways to Achieve your 2021 Financial Goals

The year 2020 was tough as the unexpected impact of COVID-19 hurt the financial goals of many people. As the economy struggled, individuals suffered from weak income following millions of job losses while consumer prices increased significantly (food, electricity and petrol prices rose). With income and the buying power of money falling, many people had […]

Nigeria’s debt hits N32.223tr

The Debt Management Office DMO on Thursday revealed that Nigeria’s total debt as at the third quarter of this year stands at N32.223 trillion or  $84.574 billion. The DMO, which disclosed the total public debt stock in a statement explained that the profile is made up of the domestic and external debt stocks of the Federal […]