All posts tagged "featured"

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  OPEC crude oil production hits three-year high

  Despite the clamour by the poorer members of the Organisation of Petroleum Exporting Countries (OPEC) for the cartel to reduce crude oil production due to the drop in prices, OPEC’s daily output climbed to a three-year high...

  • Posted July 2, 2015
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  Nigerian Stock Market records 3.4% in six months

  The Nigerian Stock Exchange (NSE) All-Share Index, which  measures the aggregate growth of the stock market declined by 3.46 per cent  in the first half of the year as investors maintained cautious trading. The ASI, which opened...

  • Posted July 2, 2015
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  Oando sells downstream business for $276m

  A consortium of investors on Tuesday announced the acquisition of 60 per cent of the economic rights and 51 per cent of the voting rights in the downstream business of Oando Plc, an integrated oil and gas...

  • Posted July 2, 2015
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  Nigeria’s total debt rises to N12.1tn – DMO

  The nation’s total debt rose to N12.1tn ($60.8bn) as of March 2015, up from N11.2tn at the end of December 2014, data obtained from the Debt Management Office’s website showed on Tuesday. The statistics also showed that...

  • Posted July 2, 2015
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  EU targets improved access to power in Nigeria with €150m

  The European Union (EU) has disclosed its intention to plough about €150 million into Nigeria’s power sector, which it said would improve access to use of electricity across the country through various sources. EU representatives told reporters...

  • Posted July 1, 2015
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  Stakeholders allege manipulations in PPPRA template

  Oil and gas industry stakeholders that gathered at a Roundtable organised at the weekend in Lagos by NewsDirect Newspaper have alleged that the current template used by the Petroleum Products Pricing Regulatory Agency (PPPRA) to determine the...

  • Posted July 1, 2015
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  FG to borrow N240bn in third quarter

  The Federal Government is planning to borrow between N180bn and N240bn through the sale of government bonds in the third quarter, the Debt Management Office has said. According to the DMO, the amount will be borrowed through...

  • Posted July 1, 2015
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  Naira drops to 226.5 on new forex rules

  The naira fell to 226.5 on Monday against the United States dollar at the parallel market. The development mean the local currency has lost about 2.8 per cent of its value against the dollar since Wednesday when...

  • Posted July 1, 2015
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  Nigerian stockbrokers should aim to operate globally – Expert

  A United States-based stockbroker, Mr. Tayo Shebanjo, has urged Nigerian stockbrokers to develop and equip themselves to operate at the highest level by adopting global best practices, among other things, in their activities. Shebanjo, who operated in...

  • Posted July 1, 2015
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  Banks may deny 14.6 million customers services by Wednesday

  Barring any last minute extension by the Bankers’ Committee of the Central Bank of Nigeria, Deposit Money Banks will on Wednesday start to deny about 14.6 million customers from enjoying banking services over their failure to obtain...

  • Posted June 30, 2015
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