28 C
Abuja
Thursday, March 21, 2019

Oil Licencing: As Angola, Others Move Ahead, Nigeria Trails Behind

Oil Licencing: As Angola, Others Move Ahead, Nigeria Trails Behind While many oil-producing countries, including Angola and Norway, are extending efforts to ramp up their...

Investors Profit N120.5bn As Stocks Rise Up

Investors Profit N120.5bn As Stocks Rise Up Investors in the nation’s stock market gained N120.5bn on Wednesday as the market sustained its bullish run for...

In December, FSDH Anticipates Inflation Rising To 11.28%

In December, FSDH Anticipates Inflation Rising To 11.28% The FSDH Research expects the December 2018 inflation rate (year-on-year) to rise to 11.69 per cent from...

PFAs Stake N5.2tn On FGN Securities

PFAs Stake N5.2tn On FGN Securities Out of the total N7.52tn total pension assets as of December 31, 2017, about N5.2tn, representing 70 per cent...

FG, State Borrows N1.16trn From Equity Market

FG, State Borrows N1.16trn From Equity Market To finance its fiscal and infrastructure deficits owing to paucity of funds, the Federal Government had borrowed about...

Stock Market Post Slight Gains As Losing Streak Ends

Stock Market Post Slight Gains As Losing Streak Ends The nation’s stock market closed on a positive note on Thursday for the first time this...

In Just Three Months, Oil Sector FDI Drops By $17.12m

In Just Three Months, Oil Sector FDI Drops By $17.12m Foreign Direct Investment in Nigeria’s oil sector dropped by $17.12m in the third quarter of...

Egbin, Shiroro Hydropower Plants Record Decline In Power Generation

Egbin, Shiroro Hydropower Plants Record Decline In Power Generation The nation’s biggest power station, Egbin, and one of the three hydropower plants, Shiroro, have recorded...

IATA Estimates Global Industry Profit Of $35.5bn In 2019

IATA Estimates Global Industry Profit Of $35.5bn In 2019 The International Air Transport Association (IATA) has estimated that the global airline industry net profit will...

As Sell-offs Persist, Stock Market Investors Lose N89bn

As Sell-offs Persist, Stock Market Investors Lose N89bn The nation’s stock market continued its downward trend as investors recorded more losses at the end of...

Imported Raw Materials Gulp N837bn In Eleven Months

Imported Raw Materials Gulp N837bn In Eleven Months Local sourcing of raw materials has dropped significantly since the country emerged from recession and manufacturers could...

In 9months, Nigeria Loses A Total N197bn To Gas Flaring

In 9months, Nigeria Loses A Total N197bn To Gas Flaring Oil and gas firms operating in the country flared a total of 215.9 billion standard...

NBS Names India As Nigeria’s Biggest Trading Partner In Q3 ‘ 2018

NBS Names India As Nigeria's Biggest Trading Partner In Q3 ' 2018 India was Nigeria’s biggest trading partner in the third quarter of 2018, gulping...

Nigerians Fear Weaker Economy From Rising Inflation – CBN Report

Nigerians Fear Weaker Economy From Rising Inflation - CBN Report Respondents in a survey carried out by the Central Bank of Nigeria’s Statistics Department in...
NBS National Bureau of Statistics

Manufacturing Sector Tops In N273bn VAT Generated In Q3’2018, Says NBS

Manufacturing Sector Tops In N273bn VAT Generated In Q3'2018, Says NBS The manufacturing sector had the highest contribution to the Value Added Tax generated in...

Buhari: NBS Data Show We’re Making Progress

Buhari: NBS Data Show We're Making Progress President Muhammadu Buhari says the recent data reeled out by the National Bureau of Statistics show that his...

Nigeria To Run Out Of Oil In 52 Years, Says DPR

Nigeria To Run Out Of Oil In 52 Years, Says DPR If new crude oil discoveries are not made to add to Nigeria’s current reserves...
electricity

As Electricity Supply Improves, Manufacturers Spend N43bn On Alternative Energy Source

As Electricity Supply Improves, Manufacturers Spend N43bn On Alternative Energy Source With electricity supply, particularly from the distribution companies remaining at an average of nine...

Customs Impound 238,094 Bags Of Rice In 11months

Customs Impound 238,094 Bags Of Rice In 11months The Nigeria Customs Service has said that it seized 238,094(50kg) bags of rice across Nigeria from January...

Merger: As Investors React, Diamond, Access Bank Share Prices Rise

Merger: As Investors React, Diamond, Access Bank Share Prices Rise The share prices of Diamond Bank Plc and Access Bank Plc increased by 9.47 per...