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Tuesday, June 18, 2019

DMO Includes Eurobonds On FMDQ, Nigerian Stock Exchange

DMO Includes Eurobonds On FMDQ, Nigerian Stock Exchange   The Debt Management Office (DMO) last Friday, listed the first Eurobonds on the FMDQ Securities Exchange and...

Agric Insurance’ll Boost Financial Inclusion, NAIC CEO Says

Agric Insurance'll Boost Financial Inclusion, NAIC CEO Says The Managing Director/Chief Executive Officer, the Nigerian Agricultural Insurance Corporation, Mrs Folashade Joseph, has said that agricultural...

Nigeria: Going Beyond N9trn Asset With Pencom’s Micro-Pension Plan

Nigeria: Going Beyond N9trn Asset With Pencom's Micro-Pension Plan   A significant growth in the pension industry's asset size beyond the current value of N9.03 trillion...

NSIA’s Assets Grow To N617bn Under Management

NSIA's Assets Grow To N617bn Under Management   The Nigeria Sovereign Investment Authority has grown its assets under management to $1.9bn (N617.69bn). The Managing Director and Chief...

Discos’ Debt To Transmission Company Reaches N231bn

Discos' Debt To Transmission Company Reaches N231bn The indebtedness of power distribution companies to the Transmission Company of Nigeria has risen to N231bn as of...

Ekiti, 2 Others Earmarks N5.7bn For Travels, N2.5bn For Agric

Ekiti, 2 Others Earmarks N5.7bn For Travels, N2.5bn For Agric Despite talks about the need to diversify the economy away from the dependence on the...

Africa FDI Rises As Global Investment Drops To $1.3trn

Africa FDI Rises As Global Investment Drops To $1.3trn Although global foreign direct investment (FDI) flows suffered a setback of about 13 per cent in...

Nigeria’s Oil Revenue Hits N85trn In 5Years – Report

Nigeria's Oil Revenue Hits N85trn In 5Years - Report Nigeria earned about N85 trillion, or $236.2 billion from oil between 2014 and 2018, the 54th...

FGN’s 2nd Green Bond Oversubscribed By N17.93bn

FGN’s 2nd Green Bond Oversubscribed By N17.93bn   The Federal Government of Nigeria’ second Sovereign Green Bond which was opened to the public on Monday, was...
Buhari to address economic hardship

Foreign Investment Into Nigeria Plunges By 43% – UN report

Foreign Investment Into Nigeria Plunges By 43% – UN report Foreign direct investment in Nigeria, Africa’s top oil producer, plunged by 43 per cent to...

Refund $1.6bn To NNPC Subsidiary, Court Orders Firm

Refund $1.6bn To NNPC Subsidiary, Court Orders Firm An arbitration court has directed on Atlantic company to pay $1.6billion to a subsidiary of the Nigerian...

NCC Donates N65m To 11 Varsities For Technology Research

NCC Donates N65m To 11 Varsities For Technology Research   The Nigerian Communications Commission has awarded N65m grant to 11 universities to carry out technology research...

In March, Nigeria’s Refineries Operate At 5.55% Capacity, Record N16bn Deficit

In March, Nigeria’s Refineries Operate At 5.55% Capacity, Record N16bn Deficit Nigeria’s four refineries operated at just 5.55 per cent of their combined nameplate capacity...
cbn

CBN Signals Weaker Official Naira Rate – Report

CBN Signals Weaker Official Naira Rate - Report The Central Bank of Nigeria (CBN) has signalled it will allow the naira to weaken past its...

NIRSAL Recieves Fresh N4.5bn From 3 Banks For Farmers

NIRSAL Recieves Fresh N4.5bn From 3 Banks For Farmers The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending has secured a total of N4.5bn from...

Debt Servicing Consumes Over 50% Of Nigeria’s Revenue, Says AfDB

Debt Servicing Consumes Over 50% Of Nigeria’s Revenue, Says AfDB Debt servicing gulps more than 50 per cent of Nigeria’s revenue, the African Development Bank...

Ex-Amcon Boss: Power Sector Can Attract $30bn In Three Years

Ex-Amcon Boss: Power Sector Can Attract $30bn In Three Years A former Managing Director of the Assets Management Corporation of Nigeria has said the liberalisation...

TCN Says, “FG, Discos Need $4.3bn To Improve Power Supply”

TCN Says, "FG, Discos Need $4.3bn To Improve Power Supply"   Power distribution companies require $4.3bn to recapitalise in order to effectively invest in their networks...

Fuel Subsidies, Others Costing FG N4trn – AAC Boss

Fuel Subsidies, Others Costing FG N4trn - AAC Boss   The Executive Vice Chairman, Alpha African Advisory, Mr. Mustafa Chike-Obi, has said subsidies on fuel, foreign...

Adesina: AfDB Invested $1bn On African SMEs, Others

Adesina: AfDB Invested $1bn On African SMEs, Others The African Development Bank (AfDB) has so far invested about $1 billion on small businesses and infrastructure...