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Money market awaits signals as CBN’s MPC holds 1st meeting
Sopuruchi Onwuka Players in the Nigerian financial markets are in full attention as the new administration of the Central Bank of Nigeria (CBN) convenes its first monetary policy committee (MPC) meeting at the end of February to roll out new…
FG welcomes back bureaux de change into forex market
Sopuruchi Onwuka The federal government now allows unofficial foreign-exchange trading back into market in a measure to narrow the gap with the official rate the Naira. And the Economic and Financial Crimes Commission (EFCC) has given the Association of Bureaux…
Oil women seek new financing windows
Sopuruchi Onwuka Dearth of capital and its sourcing to fund business initiatives topped the list of challenges encountered by women entrepreneurs in the oil and gas sector of the Nigerian economy. Female stakeholders, the non-governmental Women In Energy Network (WIEN)…
NCDMB’s NCIF supports local businesses with N259 bn
Lays funding model forAfrican energy industry Sopuruchi Onwuka The Nigerian Content Intervention Fund (NCIF) of the Nigerian Content Development and Monitoring Board (NCDMB) has delivered commitment of $324 million or N38.4 billion to significant 69 local businesses in the country….
BRICS expansion draws new market pattern, away from energy transition
Sopuruchi Onwuka The selection of new members into the bloc of developing countries hosted in BRICS will not only cause name change in the group whose name is an acronym of the five founding members: Brazil, Russia, India, China and…
San Leon shops $5m for indirect investment in OML 18
Sopuruchi Onwuka, with agency reports San Leon Energy announced a further investment of $5.0 million in Energy Link Infrastructure (Malta) Limited (ELI), which owns the new pipeline and the floating storage and offloading vessel for the OML 18 oil and…
Tinubu’s forex blunder sends inflation soaring
Sopuruchi Onwuka The Naira fell to a new low on Friday as new gaps begin to emerge between official rates and the parallel market despite despite the executive fiat by the new administration of Alhaji Bola Tinubu to enforce a…
SEC warns crypto currency players to stay off Nigeria
Securities and Exchange Commission (SEC) has restated its averseness to crypto currency exchange operations in the country, warning online platforms that prospect such investments to stay away from Nigeria. In reiterating its directive to the global crypto play, SEC pointed…
CBN’s forex mishap leaves the Naira rolling downhill __EIU
Sopuruchi Onwuka The hasty moves by the current administration of the federal government to dismantle all support instruments installed by the ousted Governor of the Central bank of Nigeria (CBN), Mr Godwin Emefiele, has pushed the Naira into a helpless…
IFC Partners with South African Banks to Boost Climate Finance
International Finance Corporation (IFC) has declared partnership with the Banking Association South Africa (BASA) to help increase climate finance in the country and pave the way for a transition to a low carbon economy. Under the new agreement, IFC will…
