Emefiele Unveils CBN’s Priorities For 2020
The Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, has unveiled the apex bank’s priorities for 2020 with support for greater economic growth, price stability and low inflation taking the lead. Emefiele...
CBN Injects $323.5m, CNY 17.9m Into Forex Market
The Central Bank of Nigeria (CBN) said it has injected 323.5million dollars into the retail Secondary Market Intervention Sales (SMIS) for its last intervention for November. A statement by the CBN Director, Corporate Communications Department,...
Nigeria Earned $21bn From Oil, Gas Sector In 2017 – NEITI
The Nigeria Extractive Industries Transparency Initiatives, NEITI, says Nigeria earned 21 billion dollars from the oil and gas sector in 2017. NEITI disclosed this in its 2017 oil and gas industry report released in Abuja...
FG To Rehabilitate 3 Refineries For Local Production Of 360,000MT of Gas By 2023
The Federal Government says it will rehabilitate the Warri, Port Harcourt and Kaduna Refineries to achieve local production of 360,000 MTPA of Liquefied Petroleum Gas, LPG, by 2023. The News Agency of Nigeria, NAN, reports...
Forte Oil Seeks Shareholders’ Approval To Change Name
Forte Oil Plc has notified its shareholders of plans to change its name. The proposed new name is Ardova Plc. In a notice of Extra General Meeting posted on the Nigerian Stock Exchange website, signed by...
NSE: Market Indices Open Week With 0.16% Growth
Trading reopened for the week on the nation’s bourse with a growth of 0.16 per cent, extending the bullish run to five consecutive trading sessions. Specifically, the All-Share Index which opened at 26,991.42 rose by...
Border Closure ‘ll Have Long Time Positive Effects On Nation’s Economy – Banker
The Head, Retail Operations, Access Bank Group, Mr. Abraham Azeigbe, says the closure of the nation’s border by the Federal Government will have a long time positive effect on the nation’s economy. Azeigbe said the...
Dubai’s Non-oil Trade With Africa To Exceed AED1trn By End Of 2019 -Chamber Chairman
Dubai’s non-oil trade with Africa will exceed Dhs1 trillion for the period extending from 2011 until the end of 2019, the Chairman of Dubai Chamber, Mr. Majid Al Ghurair has said. Al Ghurair made this...
National Assembly To Work With AMCON On Debt Recovery – Nwokolo
Chairman, House of Representatives Committee on Banking and Currency, Victor Nwokolo, has assured that the 9th National Assembly would work with the Asset Management Corporation of Nigeria, AMCON, in recovering the huge outstanding debt...
NNPC Secures $1.16m US Grant For 1,350MW Abuja Power Plant
The Nigerian National Petroleum Corporation, NNPC, and the United States Trade and Development Agency, USTDA, have concluded arrangement to sign a 1.16 million dollar grant as part funding for the NNPC-Abuja Independent Power Project,...
Tizeti Launches High-Speed 4G LTE In Nigeria
The launch of its 4G network provides Tizeti the opportunity to drive the growth in demand for eCommerce, music, interactive games and video consumption in Nigeria. Tizeti, West Africa’s pioneer solar-based internet service provider, has...
Dangote’s Daughter Becomes Company’s Group Executive Director Commercial Operations
Halima Aliko Dangote has been appointed as the Group Executive Director, Commercial Operations of Dangote Industries Limited. According to a release issued by APO Group on behalf of the company, Halima is returning to the...
NDIC Pays N100bn Liquidation Dividends In 30 Years —-MD
The Nigeria Deposit Insurance Corporation, NDIC, said it had paid over N100 billion as liquidation dividends to depositors of closed Deposit Money Banks (DMBs), in the last 30 years, with amount in excess of...
