Exit from recession fails to lift stocks. Punch Online Despite Nigeria exiting recession on Tuesday, the equities market closed in the red, shedding N35bn. On the release of the second quarter Gross Domestic Product data, the market [...]
NNPC saves $3b yearly from production cost cut. The Nation Online The Nigerian National Petroleum Corporation (NNPC) yesterday announced that it has saved the nation a minimum of $3billion yearly from the reduction in the cost of [...]
FG to shut non-performing refineries. Tribune Online Federal Government has stated that it would close down any of the country’s petroleum refinery that fails to become commercially viable or profitable within a certain period of time. The [...]
Naira appreciates in NAFEX, parallel market. Vanguard Online The naira yesterday appreciated significantly in the parallel market and in the Investors and Exporters (I&W) window. At the close of business yesterday, the naira appreciated by N2 in [...]
Equities Market Hits New High as Bulls Dominate. Thisday Online The Nigerian equities market sustained its bullish performance last week as investors’ sentiments remained positive, hoping for impressive half year (H1) corporate earnings. Although the market has [...]
Naira gains as CBN offers $450 million in one week. Guardian Online The naira strengthened further against the dollar at the weekend as it exchanged for N365 per dollar at the parallel market, following two interventions by [...]
Arik reorganises operations for customer satisfaction. Reopens Abuja-Accra route. Guardian Online Recovery efforts in operations and efficient services at Arik Air received a boost recently with the launch of a new unit to cater for customers and [...]
Don’t describe judiciary as corrupt, NBA tells FG. Punch Online The Nigerian Bar Association on Tuesday called on the Federal Government to stop describing the judiciary as corrupt. It also threw its weight behind the National Judicial [...]
NSIA, Others to Invest $600m in Mining Sector, Says FG. Thisday Online Acting President Yemi Osinbajo on Tuesday disclosed that the federal government was currently working with the Nigerian Sovereign Investment Authority (NSIA), the Nigerian Stock Exchange [...]
Naira firms up as CBN resumes intervention with $418m. First sovereign Islamic Bond to debut June 28.Guardian Online The exchange rate at the parallel market remained stable at N367 to the dollar yesterday, as the Central Bank [...]
NCAA to comply with executive order at airports. Tribune Online The Nigerian Civil Aviation Authority (NCAA) has put in place adequate measures to ensure full and sustained compliance with the Federal Government’s Executive Order (EO) at our [...]
Nigeria Boosts Oil Exports as Shell Lifts Force Majeure on Forcados Crude. Crude Oil Prices Drop by over 3% on Rising United States Inventories. Thisday Online Royal Dutch Shell has announced the lifting of force majeure on [...]
Update companies or loose registration licences, SEC warns capital market experts. Thisday Online The Securities and Exchange Commission (SEC) said it would revoke the registration of about 400 Capital Market Experts who fail to provide updated information [...]
NUPENG threatens strike over Port Harcourt refinery sale. Punch Online The Nigeria Union of Petroleum and Natural Gas Workers has vowed to shut down the oil sector if the Federal Government fails to rescind its decision on [...]
OPEC Will Resist Sabotage by Shale Oil Producers, Says Kachikwu. Thisday Online The Minister of State for Petroleum, Dr. Ibe Kachikwu, has stated that the Organisation of Petroleum Exporting Countries (OPEC) will resist any deliberate action by [...]
CBN’s regular intervention in FX market inevitable, says Ajibola. Punch Online The continued intervention of the Central Bank of Nigeria in the foreign exchange market to strengthen the naira is inevitable due to the volatile nature of [...]
Ex-AGF, Olujimi Accuses FG of Frustrating Dasuki’s Trial. DSS again refuses to produce former NSA in court.Thisday Online Former Attorney General of the Federation and Minister of Justice, Chief Akin Olujimi (SAN), has accused the federal [...]
FG budgets N10 b for Abuja Airport second runway. Vanguard Online In a bid to prevent further costly shutdown of operations, the Federal Government has begun moves to construct a second runway at the Nnamdi Azikiwe International [...]
Government receives N11tr from SPDC JVs in four years. Gets N427bn in royalties, taxes in 2016. Guardian Online The Federal Government has so far received about $29 billion (N11.7 trillion) from the Shell Petroleum Development Company of [...]
NNPC to resume oil search in Chad Basin. Punch Online The Nigerian National Petroleum Corporation on Monday said it would resume oil exploration activities in the Chad Basin in the next six weeks. It said the projection [...]
