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Tuesday, July 23, 2019

Stock Market Lost N1.732tn In One Year Under Buhari

The Nigerian stock market crashed by N1.732tn within one year of the Muhammadu Buhari-led Federal Government. The Nigerian Stock Exchange data showed that the NSE...

Nigeria Risks Losing Oil Buyers To Iran, S’Arabia

Nigeria, which recently lost its Africa’s top oil producer status to Angola on the back of huge decline in its output, stands a chance...
barrel

Nigeria To Refine 1.3mbpd Of Oil For Consumption By 2023

The International Institute for Petroleum Energy Law and Policy (IIPELP) has said Nigeria would refine up to 1.3 million barrels of crude oil daily...

NEITI: Solid Minerals Exported Without Permits

An independent audit of the operational processes and financial payments to Nigeria from companies that mine her solid mineral resources has shown that more...

Nigeria Loses N13bn To Oil Theft, Vandalism In One Month

Nigeria has lost N12.566 billion in one month due to petroleum products theft and vandalisation of the facilities of the Nigerian National Petroleum Corporation,...

Power Sector Loses N2bn Daily, More turbines Pack Up

The power sector has been losing an average of N2bn daily since the resurgence of pipeline bombings by militants in the Niger Delta, latest...
cbn

Stanbic IBTC Leads As CBN Dollar Sales Drop To $133m

The Central Bank of Nigeria (CBN) last week continued its rationing of dollars, when it sold $132,839,661.28 to 14 commercial banks and three merchant...

New Measures To Steady Economy

President Buhari said his administration must take economic measures intended to keep the naira steady as devaluation had done dreadful harm to the nation’s...

Investors Gain As FG Plans Sales Of Eurobond, To Issue Sukuk

A combination of factors last week on the Nigerian Stock Exchange (NSE) trading floor have resulted in huge gains recorded by investors as equities...

Debt: Construction Firms Stay Away From Sites

Construction companies have not returned to their various project sites despite calls by the Federal Government for them to go back to work. About two...

Fuel price hike raises possibility of high inflation

There are heighten concerns over a possible rise in inflation following the recent hike in the pump price of fuel and start of the...
NigerDelta

Militant attacks: Nigeria loses N100bn in 13 days

The huge decline in crude oil production largely occasioned by militant attacks in the Niger Delta has caused the country to lose at least...

Dangote disburses N400m to Lagos women

To cushion the effect of the current economic downturn, the Dangote Foundation on Thursday commenced the disbursement of N400m micro grant to 40,000 indigent...

Stocks sustain upward trend with N212b gain

Yesterday was another bullish day for stock investors as equity trading on the floor of the Nigerian Stock Exchange (NSE) yielded N212 billion profit,...

National Carrier’ll Enhance Competition In Aviation Sector- FG

Federal government  has said the proposed establishment of a national carrier was to enhance competition in the nation’s aviation sector. The Minister of State, Aviation, Senator...

Experts Offer Solution To Recession As Oil Rises Above $50/barrel

For the first time in over six months oil price rose to $50 per barrel yesterday. Brent crude moved up to $50.19 during morning...

We Can’t Guarantee Full Budget Implementation —Finance minister

The Minister of Finance, Mrs. Kemi Adeosun, said has that there was no guarantee that the Federal Government would implement the 2016 budget in...

DisCos Sign $9m Power Africa Agreement With USAID

The U.S. Agency for International Development (USAID) and three Electricity Distribution Companies (DisCos) have jointly signed a nine million-dollar power agreement aimed at enhancing...

Dangote Contributes 53% Of Govt Revenues From Mineral Sector – NEITI

An Agency of the federal government, the Nigeria Extractive Industries Transparency Initiative (NEITI), has revealed that Dangote Industries Limited generates more mineral resource revenue...

New Forex Policy: NSE Gains N354bn, Naira Stable

The Nigerian Stock Exchange All-Share Index on Wednesday posted the biggest return since the beginning of this year, as investors reacted positively to the...