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Sunday, September 15, 2019

Shell Decries N202m Daily Oil Loss To Vandals, Oil Thieves

Shell Decries N202m Daily Oil Loss To Vandals, Oil Thieves   Shell Petroleum Development Company of Nigeria (SPDC) Joint Venture says it loses about N202m daily...
cbn

Banking Sector Attracted $1.89bn Investment In Q2, Says NBS

Banking Sector Attracted $1.89bn Investment In Q2, Says NBS   The banking sector of the Nigerian economy attracted a total of $1.89bn in the second quarter...

FSDH Predicts Increased Foreign Portfolio Investments

FSDH Predicts Increased Foreign Portfolio Investments   Analysts at FSDH Merchant Bank Limited have predicted that Nigeria will record improved foreign portfolio investments (FPIs) in 2019,...

In Six Months, Banks’ Impairment Charges Plunge By 34% To N86bn

In Six Months, Banks’ Impairment Charges Plunge By 34% To N86bn   Banks’ provision for loan losses have improved significantly as it reduced by 34 per...

Investors Lose N27.6bn As Sell Pressure Dominates Market

Investors Lose N27.6bn As Sell Pressure Dominates Market   Sell pressure in the equities market dominated at the start of the week as investors counted losses...

IMF Concerned Over Rise In Trade Uncertainty In Nigeria

IMF Concerned Over Rise In Trade Uncertainty In Nigeria   The International Monetary Fund has expressed concern over the rise in trade uncertainty in Nigeria and...

LCCI Advises CBN To Halt N305/dollar Official Exchange Rate

LCCI Advises CBN To Halt N305/dollar Official Exchange Rate   The Lagos Chamber of Commerce and Industry has advised the Central Bank of Nigeria to discontinue...

Top 5 Banks Records N417bn Profit In Six Months

Top 5 Banks Records N417bn Profit In Six Months   Nigeria’s five topmost banks recorded a total profit of N416.55 billion in the first half of...

Commercial Agriculture Credit Intervention Now At N360.5bn

Commercial Agriculture Credit Intervention Now At N360.5bn   The Central Bank of Nigeria (CBN) has put the total value of its intervention under its Commercial Agriculture...

GDP Growth Fall Dampens Market Performance By N184bn

GDP Growth Fall Dampens Market Performance By N184bn   Analysts at Vetiva Capital Management Limited said sentiment in the equity space remained dampened further last week...

In 7 Years, Excess Crude Account Deplete By N6.48trn

In 7 Years, Excess Crude Account Deplete By N6.48trn   In seven years, the Federal Government withdrew the sum of N6.48tn from the Excess Crude Account...

Report Says “BPP Saved N26.86bn From Contracts Last Year”

Report Says "BPP Saved N26.86bn From Contracts Last Year"   The Bureau of Public Procurement has said it saved more than N26.86bn for the Federal Government...

C&I Leasing Requests Approvals For N3.23bn Rights Issue

C&I Leasing Requests Approvals For N3.23bn Rights Issue   C&I Leasing Plc has submitted an application for approval to the Nigerian Stock Exchange for its proposed...
NBS National Bureau of Statistics

Investment Inflow Dropped By $3.2bn In Q2, Says NBS

Investment Inflow Dropped By $3.2bn In Q2, Says NBS   The Nigerian economy recorded a decline of $3.2bn in investment inflow from $8.48bn in the first...

CBN To Sell Treasury Bills Worth N1trn In Q4

CBN To Sell Treasury Bills Worth N1trn In Q4   The Central Bank of Nigeria plans to sell N1trn worth of Treasury bills in the fourth...

FG Plans Bill To Address Multiple Taxes, Disparity

FG Plans Bill To Address Multiple Taxes, Disparity   The Technical Committee of the National Tax Policy Implementation Committee will soon present a bill to the...

FG To Create Multi-donor Trust Fund

FG To Create Multi-donor Trust Fund   The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said that Federal Government in the coming...

China, World Bank Tops Nigeria’s Creditors With $11.46bn

China, World Bank Tops Nigeria’s Creditors With $11.46bn   The World Bank and the Exim Bank of China are Nigeria’s largest creditors with a combined portfolio...

Warri Port Revived As NPA Generates $45.2m From Troubled Facility

Warri Port Revived As NPA Generates $45.2m From Troubled Facility   Fresh hope of increased activities has risen for the troubled Delta Port situated in Delta...

Nigeria Needs N959bn To End Open Defecation — FG

Nigeria Needs N959bn To End Open Defecation — FG The cost implication of making Nigeria open defecation free by 2025 is estimated at N959bn according...