The new Petroleum Industry Act 2021 which was recently assented and signed into law by the President of the Federal Republic of Nigeria on August 16th, 2021 to repeal the extant Petroleum Act 2004, has created an array of provisions and innovations that will affect the private, public sector and stakeholders in the oil and […]
After the waned half-year (H1) earnings season ushered in the bears on the Nigerian Exchange, stock buyers focus has now shifted to the third-quarter (Q3) financials results of listed companies expected to be released on the Bourse next month –hopefully the result will serve as a positive trigger. Already, some companies have started notifying the […]
“For Nigeria to bridge the recessionary gap and attain a long-term GDP growth trajectory that is both sustainable and job-creating, the timing and pace of economic reform are crucial and cannot be politicised. The subsidies in the economy have to be tackled. The most notable are the ones on forex, fertilisers, petrol, electricity and the […]
In 2020, Nigeria experienced its deepest recession in two decades, but growth resumed in 2021 as pandemic restrictions were eased, oil prices recovered, and the authorities implemented policies to counter the economic shock. Nigeria was highly vulnerable to the global economic disruption caused by COVID-19, particularly due to the decline in oil prices. Oil accounts […]
Abuja Investments Company Limited is 100% owned by the Federal Capital Development Authority (FCDA) and serves as the flagship investment and holding company for the FCT.
