Nigeria’s Population Now 201 million – UN

The United Nations Population Fund (UNFPA) has stated that Nigeria’s population currently stands at an all-time high of 201 million, representing an increase of 5.1 million from the 195.9 million it said the country had in October last year. Click here for more.

MAN, LCCI fault Yari’s call on govs to prepare for possible recession

The Chairman of the Nigeria Governors’ Forum, Abdulaziz Yari, has told the newly-elected governors to prepare for another cycle of possible economic recession by mid-2020. The recession, according to Yari, who is also the Zamfara State governor, may not end until the third quarter of 2021. Click here for more.

Reps Panel Backs IMF, Says Fuel Subsidy Outdated

The Chairman, House of Representatives Committee on Petroleum (Downstream), Mr. Joseph Akinlaja, has expressed his support for the removal of subsidy on Premium Motor Spirit, also known as petrol, as recommended by the International Monetary Fund. Click here for more.

Investors Lose N82.43bn As NSEASI Dips By -0.74% To Open The Week Negative

Equities market closed yesterday on a negative note, as NSEASI depreciated by -0.74% to close at 29,521.90 points as against 0.60% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -6.08%. Click here for more.

Fintech: CBN to establish collateral management regime

In order to encourage more innovations in the payment system, the Central Bank of Nigeria, is putting in place a Collateral Management Regime to regulate the activities of Fintech firms and startups in the country. Click here for more.

Snippets of the 5 newly licensed banks emerge

Unconfirmed reports suggest that the Central Bank of Nigeria (CBN) has issued licences to 5 new banks. Here are details of what is known about two of the newly licensed banks so far. Titan Trust Bank reportedly has a former CBN Deputy Governor as its Chairman. The bank has already begun preliminary designs of its logo (shown above). In addition, a senior banking executive in his last days, reportedly has a stake. Click here for more.

NSIA’s assets grow to N617.7 billion

One of the major investment targets this financial year by the Nigeria Sovereign Investment Authority (NSIA), managers of the nation’s sovereign wealth fund (SWF), is gas commercialisation, which is being given a boost with a 16 per cent growth in net value to over N617.7 billion. Click here for more.

Oil Dips On Expectations Of Rising Output, China Stutter

Oil prices dipped on Tuesday on expectations rising output from the United States and producer club OPEC would offset most of the shortfall expected from U.S. sanctions on Iran, but analysts said markets remained tight. Click here for more.

What Oil at $100 a barrel would mean for Nigeria, World Economy

Surging crude prices mean another headwind for the world economy after President Donald Trump’s “zero” pledge on Iran oil sales but oil dependent nations like Nigeria will benefit hugely if oil were to attain those heights once again according to analysts. Click here for more.

Strong U.S. Growth, Weak Inflation Leave Fed Stuck Happily On Hold

The Federal Reserve is expected to hold interest rates steady at its policy meeting this week as policymakers balance recent stronger-than-expected U.S. economic growth against sluggish inflation. Click here for more.

Things to consider when investing in shares

Every time you invest in a company by buying its shares, you become a part owner of the said company. Now, investing in shares has so many moving parts. Here, we will break them down. Click here for more.