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Saturday, August 8, 2020

PENGASSAN, NUPENG Fume Over Petrol Price Hike

PENGASSAN, NUPENG Fume Over Petrol Price Hike     As more marketers raised the pump price of Premium Motor Spirit (petrol) on Thursday, the Nigeria Union of...

NIMASA Reiterates December Deadline for Single-hull Tanker Ban

NIMASA Reiterates December Deadline for Single-hull Tanker Ban .....Secures approval for CVFF disbursement The Nigerian Maritime Administration and Safety Agency (NIMASA) has restated that the country...

Equity Market Gains N26bn On Blue-chip Firms

Equity Market Gains N26bn On Blue-chip Firms     The Nigerian equity market on Thursday remained on the uptrend following gains recorded by some blue-chip firms. The market...

22 Banks, Others Record N89bn Decline In Profit

22 Banks, Others Record N89bn Decline In Profit     At least 22 listed companies on the Nigeria Stock Exchange (NSE) recorded a drop in their Profit...

NCC Revises USSD Pricing, Says 20 Seconds Costs N1.63

NCC Revises USSD Pricing, Says 20 Seconds Costs N1.63   The Nigerian Communications Commission has revised the Unstructured Supplementary Service Data pricing to allow mobile network...

Oil Price Nears $46, Highest In Five Months

Oil Price Nears $46, Highest In Five Months   The international oil benchmark, Brent crude, rose on Wednesday to its highest since early March after a...

IMF Lowers 2020 Oil Demand By 8% Amid High Uncertainties

IMF Lowers 2020 Oil Demand By 8% Amid High Uncertainties     The coronavirus crisis will see global oil demand dropping by around eight percent this year,...

Turnover In I&E Forex Window Drops By 6% To $937m In July

Turnover In I&E Forex Window Drops By 6% To $937m In July     The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window...

MTN Seeks To Sell $243mn Stake In Jumia Technologies

MTN Seeks To Sell $243m Stake In Jumia Technologies   There are indications that MTN Group Ltd. is planning to sell part or all of its...

Chinese loans Targetted at Infrastructure- DMO

Chinese loans Targetted at Infrastructure- DMO Following several controversies surrounding facilities obtained by Nigeria from China, the Debt Management Office(DMO) has said that the loans...

Oil Pipeline Vandalism Drops By 43% in May

Oil Pipeline Vandalism Drops By 43% in May The Nigerian National Petroleum Corporation (NNPC) has recorded an encouraging 43 per cent drop in cases of...

Businesses Groan As COVID-19 Impact On Economy Worsens

Businesses Groan As COVID-19 Impact On Economy Worsens     The Coronavirus (COVID-19) pandemic raises several challenges across different sectors of the economy. No sector from banking,...

UBA Boosts Nigeria’s Oil Production With $200m Facility

UBA Boosts Nigeria’s Oil Production With $200m Facility     The United Bank for Africa Plc (UBA) has announced a $200 million facility support to boost Nigeria’s...

Petrol: Ex-depot Price Rises By N6, Consumers To Pay More

Petrol: Ex-depot Price Rises By N6, Consumers To Pay More   The Petroleum Products Pricing Regulatory Agency on Tuesday increased the ex-depot price of petrol by...

Stock Market Advances With N40bn Gain

Stock Market Advances With N40bn Gain     The bulls maintained its grip on the market activities following gains recorded majorly by blue chip stocks as investors...

Nigeria’s Domestic Refining Capacity Rises By 3.8% — Report

Nigeria’s Domestic Refining Capacity Rises By 3.8% — Report     The refining capacity of Nigeria has increased from 445,000 barrels per day, bpd, to 462,000 bpd,...

Uncertainty Over N27bn Aviation Palliative

Uncertainty Over N27bn Aviation Palliative   There is uncertainty in the aviation industry over the delay in releasing the palliatives promised by the federal government Already, fears...

In Three Months, CBN Disburses N539.8m Loans To Farmers

In Three Months, CBN Disburses N539.8m Loans To Farmers     The Central Bank of Nigeria disbursed N539.8m loans to farmers between January and March 2020. It disclosed...

Nigeria’s Oil Projects Threatened As IOCs Suffer $27.8bn Loss

Nigeria’s Oil Projects Threatened As IOCs Suffer $27.8bn Loss   Several major oil and gas projects in Nigeria may suffer further delays as international oil companies...

Equity Market Begins August With N38bn Gain

Equity Market Begins August With N38bn Gain     The equity market on Monday sustained rally for the second trading session to open the month of August...
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