The 36 state governments reinvested their 2016 share of Nigeria Liquified Natural Gas NLNG dividend in the Sovereign Wealth Fund. The states…
Finance
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The Nigerian National Petroleum Corporation, NNPC said it has attracted $3.8 billion foreign direct investment inflow into Nigeria for four major oil…
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Investors on the Nigerian Stock Exchange (NSE) exchanged a total of 8.66 billion shares valued at N97. 08 billion transacted in 89,911 deals in…
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Nigeria’s Gross external reserves rose by $550 million in July to $30.8 billion. This is as a result of rise in oil…
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The rate at which banks lend short term funds to each other in need of cash rose sharply weekend as a…
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The Minister of Finance, Mrs. Kemi Adeosun, has disclosed that the federal government has signed a policy which imposes a tax on…
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FinanceNewsOil and Gas
UBA, Access, Union, Standard banks part financiers of NNPC’ $1.8bn deal with Shell, Chevron
The Nigerian National Petroleum Corporation, NNPC has unfolded details of the two sets of alternative financing agreements worth about $1.78 billion it…
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The Nigerian equities market closed on a positive note at the end of trade today. The All Share Index (ASI) rose 0.5…
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The Nigerian National Petroleum Corporation, NNPC has said that the West African Gas Pipeline (WAGP) would be extended from Ghana to Cote…
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EconomyFinanceNews
Act on appropriate, coherent policies to enhance economic recovery urgently IMF tells FG
International Monetary Fund Consultative staff team that ended its visit to Nigeria has urged the federal government to “act on an appropriate…
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BusinessFinanceNewsStock Market
Foreign investors still wary of capital market, stake N430bn in six months
Indications are that foreign investors are yet to fully return to the Nigerian Capital Market despite incentives being provided by the Nigerian…
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BusinessFinanceIndustryNewsStock Market
Dangote Cement sells off load 2.3 % stake to foreign investors for $236m
Nigeria’s Dangote Industries Limited sold a 2.3 percent stake in Dangote Cement to foreign investors on Tuesday in a stock market deal…
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The Central Bank of Nigeria (CBN) on Monday, July 31, 2017, offered $100 million in wholesale auction at the inter-bank Foreign Exchange…
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The equities market closed negative on the first trading session of the week as the benchmark index dipped 2.8 per cent to…
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Guaranty Trust Bank plc, marks its listing on the London Stock Exchange whereby the Bank became the first Nigerian bank to list…