Sunday, January 20, 2019
Nigeria’s Oil Export to U.S. Dropped to 103,000 bpd in December - Oil cargoes departing from Nigeria to the United States fell to 103,000 bpd in December, down by 48,000 bpd, new data show. Generally exports by OPEC nations to the...
PDP Governor Adopts Buhari's Tradermoni Scheme - The Delta State Government says it has concluded plans to empower 26,400 traders with the sum of N10, 000 each. The State Commissioner for Economic Planning, Dr Emu Kingsley, disclosed this in an interview...
Promote new metering plan, expert urges CBN, others - THE Central  Bank of Nigeria (CBN), African Development Bank (AfDB) and other financial institutions have been advised to work towards the implementation of the new metering introduced by the Federal Government in...
Stock Exchange demotes Diamond Bank, NEM, Continental Re - Authorities at the Nigerian Stock Exchange (NSE) have removed Diamond Bank Plc, NEM Insurance Plc and Continental Reinsurance Plc from its high-ranking corporate governance index. In a statement yesterday, the NSE stated...
Inflation, borrowing rates to rise in next 12 months – CBN report: Some Nigerians have projected rise in inflation and borrowing rates as well as naira appreciation in the next 12 months. They gave the projection in the Central Bank of...
CBN Intervenes in Interbank Forex Market with $210 million - The Central Bank of Nigeria (CBN) Thursday intervened in the interbank sector of the foreign Exchange market, injecting $210 million into the wholesale segment and other sectors of the market. Figures...
Zenith, Access, GTB, FBN Battle for the Crown of Nigerian Banking industry - Suddenly it is talk of consolidation all over again in the banking sector. The ongoing business combination between Access Bank Plc and Diamond Bank Plc is clearly...
Yuletide: Bumper harvest excites poultry farmers - Some poultry farmers in the Federal Capital Territory (FCT), on Sunday expressed delight as they recorded high patronage ahead of the Christmas celebration. The farmers, who spoke in separate interviews with the News Agency...
Nigerian govt Reiterates Commitment To MSMEs - VICE-President, Professor Yemi Osinbajo, reiterated the commitment of the Federal Government to promoting Micro Small and Medium Enterprises (MSME) with the inauguration of a cluster for fashion and shea butter processing, in Ibadan,...
New Trade Zones to Attract $15 billion Foreign Direct Investment – NEPZA: The Nigeria Export Processing Zones Authority (NEPZA) says the four trade zones recently established in the country  will attract 15 billion dollars worth of Foreign Direct Investment (FDI)...
Rice farmers confess moving from poverty to wealth - Counting their blessings as the year comes to an end, Nigerian rice farmers have confessed that they have been transformed from poverty to wealth. The farmers attributed their fortunes to the Anchor...
InfraCredit secures US$25 million Equity Investment from Africa Finance Corporation - Infrastructure Credit Guarantee Company Limited (InfraCredit) has announced its successful closing of a US$25 million equity investment from Africa Finance Corporation (AFC). In this primary transaction, AFC has become a...
20.9 million Nigerians now absolutely jobless ― NBS: Nigeria’s absolute unemployment figures escalated to 20.9 million or 23.1 per cent by the end of September 2018 according to figures just released by the National Bureau of Statistics (NBS). In the report,...
Nigerians repatriate £3.27m from UK – World Bank - Nigerians living in the United Kingdom sent £3.27 million back home in 2017, according to a report by the World bank. A study researched by the bank has found that Nigeria was...
Intra-African Trade Fair Deals Hits $32.6 Billion - Deals valued at $32.6 billion were recorded at the inaugural Intra-African Trade Fair (IATF) which ended in Cairo yesterday, according to preliminary figures released by the African Export-Import Bank (Afreximbank). Afreximbank, which organised...
AfDB approves $7.24b for 2019 borrowing programme - The Board of the African Development Bank (AfDB) has approved $7.24 billion for institution’s 2019 borrowing programme to be raised from the capital markets. The Bank’s Treasurer, Hassatou N’Sele, said the continental bank...
MDA’s TSA transaction stands at N13.35trn– CBN: The Central Bank of Nigeria (CBN) says the migration of the Federal Government Ministries, Departments and Agencies (MDAs) to the Treasury Single Account (TSA) stands at N13.53 trillion. It added that this has led...
China pledges support for Nigeria’s industrialization - The Chinese Government says it is willing to give priority attention to Nigeria’s industrialisation and agricultural modernisation. Mr Zhao Linxiang, Economic and Commercial Counsellor of the Chinese Embassy in Nigeria said this at a...
FIRS Generates N5 trillion in Less than 1 year - The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has said the agency has generated N5 trillion by the second week of December 2018, and is...
Capital Importation Decreases to $2.85 Billion in Q3’18 – NBS: The National Bureau of Statistics (NBS) says the total value of capital importation into Nigeria reduced to 2.855 billion dollars in the third quarter. The NBS disclosed this in its “Nigeria...
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