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CBN OMO Reopening puts Pressure on Government Borrowing Costs
The Central Bank of Nigeria’s decision to reopen Open Market Operations to a wider group of investors is reshaping competition for funds in the domestic financial market. The CBN’s return to OMO sales gives individuals, corporates and non bank financial institutions access to short term securities...
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Nigeria Diesel Price Crosses ₦2,000 as Global Supply Tightens
Nigeria’s diesel market is facing renewed pressure, with Automotive Gas Oil (AGO), commonly called diesel, selling above ₦2,000 per litre...
IBEDC Apologises as Band A Feeders Record Zero Hours of Power
The Ibadan Electricity Distribution Company (IBEDC) has apologised to Band A customers across Ogun, Oyo and Kwara states after several...
Africa’s 150 Stalled Oil Projects Show What Nigeria Stands to Lose
More than 150 oil and gas projects across Africa have stalled as investment flows weaken, according to Adegbite Falade, chairman...
Bonga $21bn Project Raises Niger Delta Questions
Nigeria’s Bonga Southwest/Aparo (BSWAp) deepwater project is moving closer to a final investment decision, with the Nigerian National Petroleum Company...
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Technology
Nigeria’s New Crypto Tax Rules Put P2P Traders Under the Tax Microscope
Nigeria is tightening its tax oversight of cryptocurrency and other virtual assets, bringing peer-to-peer...
