About N995bn Lost Yeary To Crude Oil Theft
further accretion through oil exports was weak given that oil price at US$62.3/bbl had moderated 16.6 per cent from its year-to-date high of US$74.7/ bbl. as at mid-May 2019.
In the same vein, the CBN spot rate traded...
Amid Delay In Repairs, Refineries Lose N231bn Under Buhari
The nation’s refineries suffered huge losses in the first four years of President Muhammadu Buhari’s administration as they were left in a state of disrepair.
Federal Government-owned refineries, located in Port Harcourt, Kaduna and Warri, lost over...
Ecobank’s New $50m Eurobond Oversubscribed By 460%
Ecobank Transnational Incorporated, ETI, the parent company of the Ecobank Group,announced on Thursday that it had successfully tapped the international capital markets for an additional $50m in Eurobonds due April 2024.
It said in a statement that the bonds...
Operators Pump N29.4bn Pension Funds In Infrastructure
Pension Funds Administrators have invested about N29.4bn of the growing assets under the Contributory Pension Scheme in infrastructure projects as of the end of March 2019.
Figures obtained from the National Pension Commission revealed that the operators raised the...
Court Adjourns FG’s $406.7m Debt Recovery Suit Against Shell
A Federal High Court in Lagos has adjourned until June 19 hearing in a debt recovery suit filed by the Federal Government against Shell Western Supply and Trading Ltd over an alleged $406.7m shortfall in crude...
$48b Forex Inflows, $45b Reserves Stabilise Naira
Rising dollar inflows through the Investors’ and Exporters’ (I&E) Forex Window and foreign reserves accretion have stabilised the naira in the official and parallel markets.
The I&E Forex Window has attracted $48 billion to the economy in 24 months,...
