The Executive Director, Systemspecs Limited, Mr. Aderemi Atanda, has described Nigeria as a leading country in the Financial Technology (Fintech) space in the world, and urged Nigerians to celebrate the successes of the country rather than its woes. Speaking at the Centre for Financial Journalism (CFJ)-Association of Corporate Affairs... Read more

As the federal government resumes privatisation of some national assets, it was learnt at the weekend that negotiation of fresh terms has begun with preferred bidders of three power generation plants of the National Independent Power Projects (NIPPs) that have been slated for sale. The power plants to be... Read more

The United States is now the world’s biggest crude oil producer, pushing Russia and Saudi Arabia to the back seat. In the week ending November, the U.S. crude production hit a whopping 11.6 million bpd, according to Energy Information Administration (EIA) data released on Wednesday. That’s a threefold increase... Read more

Oil price rebounded to $73 per barrel yesterday after falling to its lowest since August, supported by a report that Russia and Saudi Arabia are discussing oil output cuts in 2019. Russia’s TASS news agency, citing an unnamed source, reported that the two countries, the biggest producers in an... Read more

Nigeria’s oil production is set for a timely boost, climbing to around 2.2 million barrels per day (mbd) by early 2019 with the start-up of the giant 200,000 barrels per day (bd) Egina field, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said. Speaking on Tuesday... Read more

Ethiopia Airline has launched a visa-on-arrival service for all African travellers with effect from November 1. The service aims at making it easy for Africans to visit the country that hosts the African Union (AU) headquarters. It was launched at a ceremony held at the AU Commission headquarters in... Read more

The Central Bank of Nigeria (CBN) has raised the minimum capital base of microfinance banks in the country giving them up to April 2020 to recapitalise. The CBN in a circular issued and signed by the director, financial Policy and Regulation department, Kevin Amugo, had increased the minimum capital... Read more