All posts tagged "featured"

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  NNPC gets 30% discount on contracts after renegotiations

  The Nigerian National Petroleum Corporation on Sunday said it realised between five per cent and 30 per cent discounts on existing contracts after several renegotiations. According to the corporation, this arrangement has led to substantial savings for...

  • Posted December 27, 2016
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  Nigeria loses N115bn to crude terminal shutdown

  With global oil prices trading above the $50 per barrel mark since November 30, the shutdown of the Forcados terminal, through which the nation’s largest crude oil grade is exported, has led to a loss of at...

  • Posted December 26, 2016
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  CBN sells N40bn treasury bills

  The Central Bank of Nigeria said it had raised N39.72bn ($130.57m) at a Treasury bill sale, with yields unchanged on the previous auction. The central bank sold N13.17bn of three-month paper at 14 per cent, the same...

  • Posted December 26, 2016
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  1.7 million Nigerians became jobless in nine months — NBS

  The harsh economic situation in the country has thrown 1.7 million Nigerians into the job market in nine months, a report from the National Bureau of Statistics has indicated. The unemployment report, which was obtained by SUNDAY...

  • Posted December 26, 2016
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  FG trains 400 graduates in agribusiness

  Over 400 unemployed graduates are currently undergoing training in various fields of agricultural business in a bid to reduce the rate of unemployment in the country. The training programme was organised by the Federal Government, through the...

  • Posted December 26, 2016
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  NACC seeks cordial business relations between Nigeria, US

  The President and Chairman, Board of Directors, Nigerian American Chamber of Commerce, Chief Olabintan Famutimi, has reiterated the association’s commitment towards promoting cordial business relationship between Nigeria and the United States. According to Famutimi, cordial business relations...

  • Posted December 25, 2016
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  Interbank rate jumps to 50% on CBN forex sales

  The overnight lending rate rose sharply to around 50 per cent on Friday, from an average of 4.5 per cent on Thursday, after the Central Bank of Nigeria debited commercial banks’ accounts for special foreign exchange sales....

  • Posted December 25, 2016
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  Forex scarcity: Naira may hit N500/dollar next week

  The naira is seen depreciating further and may hit the 500 mark to the United States dollar at the parallel market next week as the greenback scarcity persists and the Central Bank of Nigeria cuts supply to...

  • Posted December 25, 2016
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  Capital market achieves 100% electronic share certification

  The Nigerian capital market has finally achieved full dematerialisation of share certificates, 10 years after the move was initiated. Dematerialisation is the conversion of physical share certificates of investors in the capital market to electronic forms to...

  • Posted December 24, 2016
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  NACCIMA worries over increased recurrent expenditure

  The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture has expressed worry over the significant rise in the recurrent expenditure in the proposed 2017 budget, which was recently presented to the National Assembly by President...

  • Posted December 24, 2016
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