Financial crisis in power sector endanger banks

By AYOOLA OLAOLUWA   Except prompt actions are urgently taken, the banking sector could face another major financial crisis, no thanks to their heavy exposure to distressed power firms operating in the country. According to concerned experts in the power industry, a large chunk of the loans to power firms might be impaired likely throw the banking More...

by Uchenna Ajah | Published 2 hours ago
By Uchenna Ajah On Sunday, August 12th, 2018

Stocks: Oil sector stocks defy economic downturn in 2nd Quarter

By TESLIM SHITTA-BEY Despite a mild economic recovery in 2018, Oil sector stocks listed on the main board of Nigeria’s stock exchange are only recently shaking off the anguish of last year’s sector melt down. More...

By Uchenna Ajah On Sunday, August 5th, 2018

Booming oil prices puts Nigeria at risk

By AYOOLA OLAOLUWA Rising oil prices, once a big blessing may now be a curse for Nigeria, BusinessHallmark findings have revealed. The nation is now daily raking in millions of dollars as proceeds from crude sales More...

By Uchenna Ajah On Monday, July 23rd, 2018

Shareholders bemoan Oando’s deepening crises

–as court orders top executives to pay N245 billion By OKEY ONYENWEAKU It seems the woes of oil producing and marketing company, Oando Plc, will never end. Just smarting from the problems and controversy that More...

By Uchenna Ajah On Sunday, July 15th, 2018

China offshore oil coy to invest $3bn in Nigeria

The China National Offshore Oil Corporation (CNOOC) is to invest an additional three billion dollars in its existing stakes in offshore oil and gas operations in Nigeria. Offshore drilling of crude in Nigeria Mr More...

By Uchenna Ajah On Thursday, July 12th, 2018

Buhari’s NLNG signature project back on track

President Muhammadu Buhari has congratulated the board, management, staff and shareholders of the Nigerian Liquefied Natural Gas company (NLNG), the NNPC and other Joint Venture partners, Shell, Total and AGIP on More...

By Uchenna Ajah On Monday, June 25th, 2018

US, China trade war threatens Nigeria’s revenue drive

By FELIX OLOYEDE Ongoing trade scuffles between China and the United States of America (USA) may bring about an abrupt halt to Nigeria’s  2018 revenue expectations as experts expect the clash to grind the global More...

By Uchenna Ajah On Thursday, June 21st, 2018

Seplat Petroleum succumbs to profit taking

Seplat Petroleum, for the second day running topped the losers’ table on the Nigerian Stock Exchange (NSE), dropping by N32.20 to close at N685 per share, amid profit taking. Seplat Petroleum succumbs to profit More...

By Uchenna Ajah On Monday, June 11th, 2018

Banks upbeat over rising oil prices

…NPLs likely to drop By FELIX OLOYEDE The recent rise in International oil prices has bumped up banker’s optimism in the reversal of their previous misfortunes resulting from large loan exposures to Nigeria’s More...