Retains MPR at 12%; CRR 22.5 %, Liquidity at 30% The Central Bank of Nigeria, CBN, yesterday, announced “a flexible exchange rate…
Category:
Economy
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Turmoil in Nigeria, shale bankruptcies in the United States and Venezuela have contributed to tightening crude oil supplies. Oil prices rose as…
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BusinessEconomyNewsOil and Gas
Gas pipeline in Niger Delta operated by Nigeria’s NNPC attacked: community group
A gas pipeline in Nigeria’s restive Niger Delta region operated by the state energy company was attacked late on Thursday, a spokesman…
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Nigeria economy shrank in the first quarter of 2016 as oil output fell and the manufacturing, financial and real estate industries declined…
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The Organised Private Sector (OPS) under the aegis of the Nigeria Employers’ Consultative Association (NECA) said that any employee who failed to…
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Britain’s Serious Fraud Office (SFO) has widened its investigation into Rolls-Royce to examine allegations of suspected bribery in Nigeria, the Financial Times…
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BusinessEconomyNewsOil and Gas
Nigeria’s Qua Iboe crude oil terminal closed, workers evacuated – traders
Nigeria’s Qua Iboe crude oil terminal, operated by ExxonMobil, is closed and workers have been evacuated, traders said on Thursday. A market…
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The market indicators of the Nigerian Stock Exchange (NSE) on Thursday appreciated further with the All-Share Index crossing 27,000 market in spite…
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The Minister of State, Aviation, Sen. Hadi Sirika, says the Federal Government will concession the Abuja, Lagos, Port Harcourt and Kano international…
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There is no truth whatsoever in speculations that the naira has been devalued or that a devaluation is imminent, the Central Bank…
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Lagos State Governor, Mr Akinwunmi Ambode, on Monday said the state had officially joined Nigeria’s league of oil producing states with the…
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BusinessEconomyNewsOil and Gas
Nigeria loses 800,000 barrels of crude oil daily to pipeline vandalism –FG
Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Monday said Nigeria’s crude oil production had declined from 2.2 million barrels…
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Shareholders of companies traded at the Nigerian Stock Exchange lost as much as N1.2 trillion in the first four months of the…
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Naira, Monday appreciated by N10 to exchange at N350 to dollar in the parallel market. There was volatility in the parallel market…
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Activities on the Nigerian Stock Exchange (NSE), on Monday rose, with market capitalisation improving by N130 billion following price appreciation by some…