ExxonMobil Corporation on Wednesday announced the pumping of first oil by its subsidiary, Esso Exploration and Production Nigeria Limited, ahead of schedule…
Category:
Economy
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—Long list of MDAs account provided by CBN —interbank money market frozen — Law makers support FG — Calabar Teaching hospital expresses…
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BusinessEconomyFinanceNews
Foreign suppliers shut credit lines to Nigerian businesses, CBN accuses operators of round-tripping
By Omoh Gabriel, Business Editor *Hotels saddled with large amounts of idle foreign cash *Quality of loan assets in banking system at…
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The value of shares traded on the Nigerian Stock Exchange on Tuesday rose by N105 billion, moving from N10.334 trillion recorded previous…
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Equities transactions on the Nigerian Stock Exchange (NSE) on Monday reopened for the week on a positive note as market indicators improved…
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AgricultureBusinessEconomyFinanceNews
Forex restrictions: Ghanaian timber exporters at risk of losing N6bn
The restriction by the Central Bank of Nigeria (CBN) on the sale of hard currency to importers of some 41 items seem…
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The Nigerian Sovereign Investment Authority, NSIA, manager of the Sovereign Wealth Fund, SWF, weekend, assuaged fears over the prevailing challenging global economic…
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Trading activities on the Nigerian Stock Exchange (NSE) for the second consecutive day maintained a downward trend with the market capitalisation losing…
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United Bank for Africa Plc yesterday in Lagos announced profit before tax (PBT) of N39.0 billion and after tax profit of N32…
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BusinessEconomyFinanceNews
PenCom issues draft guidelines on RSA withdrawals for residential mortgage
The National Pension Commission (PenCom) has issued draft guidelines on withdrawals from Retirement Saving Accounts (RSA) for equity payment of residential mortgage.…
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Actis, a pan-emerging market investor said it has invested over $300 million (N5.91billion) in Nigeria to date, while it made an investment…
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Indication emerged weekend that about 10 million barrels of Nigeria crude oil cargoes for September-loading are still looking for buyers, and face…
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More than 200 delegates and 65 industry stakeholders from more than 25 countries are expected to attend the RemitAfrica2015 event in Lagos…
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The Nigerian National Petroleum Corporation (NNPC) Wednesday confirmed the cancellation of crude oil swap contracts as well as Offshore Processing Contracts (OPA),…