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Saturday, February 22, 2020

Fashola Tasks Investors On Due Process

The minister, Power, Works and Housing, Babatunde Raji Fashola, has advised prospective investors in the ministry to always ensure that they followed due process...
NEXIM MD Bashir Wali

NEXIM, AFREXIM Bank to Revamp Nigeria’s Cocoa Sector

In the bid to revive the ailing cocoa Industry in the country, the Afreximbank and the International Cocoa Organization (ICCO) met with the Bank...

FG Orders Massive Importation of Kerosene- Marketers

In a bid to check the arbitrary increase in the pump price of kerosene, the Federal Government has placed an order for massive importation...

Power: Price of Gas Rises by 60%

Following the free fall of the naira against the United States dollar, the cost being incurred for the purchase of gas for power generation...

United States Oil Import from Nigeria Drops to 4.7 mb

African nation’s total petroleum sales decline to 59.3mb in May The United States (U.S.) crude oil import from Nigeria has declined from the 10.125 million...

Fixed income, Currency Transactions Hit N12.7 trillion as Confidence Trickles in

Forex market records $9.46 billion Despite the challenging posture of the nation’s financial market, its fixed income and currency segment recorded a turnover of N12.74...

FG Borrows N110bn Through Bonds

The Federal Government on Wednesday at an auction raised N110bn worth of bonds maturing in 2021, 2026 and 2036, the Debt Management Office said According...

FG Needs $7bn to Kick-start Mines, Steel Industry

The Federal Government is seeking investments worth $7bn in mining and steel over the next decade as it targets the development of gold and...

Chevron Spends $3.6bn on Local Content

Chevron Nigeria spent $3.6 billion on Nigeria content in 2015 as part of its commitment to local capacity building in boosting local economies and...

Why OPEC Members Are Cutting Petroleum Prices

The current practice by the Organisation of the Petroleum Exporting Countries (OPEC) members of cutting the prices of their crude oil goes beyond just...

NAICOM Bars Insurers From Selling Products Through Banks

The National Insurance Commission has barred all underwriting companies from selling their products through the banks and other financial institutions. The Commissioner for Insurance, Mr....

FX scarcity: Cargo Dropped 50% in First Half 2016

Checks at the Ports and Cargo Handling Services Ltd’s terminal at the Tin Can Island Port complex in Lagos revealed that container inflow at...

Crude Prices Hit over 5-week Highs, Brent Sells at $48.81

The prices of crude oil in the international market yesterday reached their highest levels in more than five weeks due to heightened speculation that...

NDIC Charges Jaiz Bank to Uphold Good Corporate Governance

The Management of Jaiz Bank Plc has been advised to strengthen its corporate governance in order to weather the storm of economic challenges that...

Foreign Investors Release $14bn For Projects in Nigeria

A group of international investors has approved the release of $14bn for key projects expected to speed up the economic revival of Nigeria. The money...

NCC Rates Telecoms Firms in Data Subscription

The Nigerian Communications Commission has released details of how the four major operators fared in the data market in the month of June. From the...

Oil rises to $48 ahead of OPEC meeting

Global oil benchmark, Brent crude, rose on Monday to its highest level in a month on rising speculation that major producers may work out...

Ambitious SunTrust Bank Commences Operations

The management of SunTrust Bank Limited, one of the recently licensed commercial banks in the country officially opened its doors to customers. The bank has...

NITDA, Galaxy Backbone Confirm Participation at Digital Confab

The National Information Technology Development Agency, Galaxy Backbone and the Federal Institute of Industrial Research have confirmed their participation in this year’s Digital Innovation...

Dangote Flour Records N8.47bn Profit After Takeover

Dangote Flour Mills Plc’s profit from operating activities has risen to N8.47bn. This came some months after the group was reacquired from Tiger Branded Consumers...