All posts tagged "headline"

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  Customs may lose 50% revenue to ban on vehicles importation

  Following the federal government ban on the importation of vehicles through the land borders, the Nigerian Customs Service (NCS), Seme Command, is set to lose 50 per cent of its monthly revenue valued at about N13 billion....

  • Posted January 7, 2017
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  CBN sells N173bn treasury bills at flat rate

  The Central Bank of Nigeria (CBN) sold N172.85 billion at its first treasury bill sale of the year on Wednesday with yields unchanged from the previous auction, held on December 21, fixed income traders said on Thursday....

  • Posted January 7, 2017
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  Market sheds 1.4% in two days on profit taking

  The Nigerian equities market has shed 1.41 per cent in the first two trading days of 2017r as some investors lock in profits while others await government’s economic policy direction for year. The market was highly bullish...

  • Posted January 6, 2017
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  CBN to punish violators of Anchor Borrowers’ Scheme

  The Central Bank of Nigeria (CBN) yesterday issued guidelines for the implementation of its Anchor Borrowers’ Programme (ABP), listing far-reaching sanctions for any violations by all stakeholders. The ABP, a brainchild of the apex bank was launched...

  • Posted January 6, 2017
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  Nigeria’s Manufacturing Index expands first time in 11 months

  The Manufacturing Purchasing Managers’ Index (PMI) stood at 52 index points in December 2016, indicating expansion in the manufacturing sector during the review period. The index had recorded decline in the preceding 11 months. The report showed...

  • Posted January 6, 2017
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  NNPC names Oando, Sahara, 37 others winners of 2017 crude term contracts

  The Nigerian National Petroleum Corporation (NNPC) has announced the list of successful bidders for the 2017/2018 crude oil term contracts. The list consists of 39 winners comprising 18 Nigerian companies, 11 international traders, five foreign refineries, three...

  • Posted January 5, 2017
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  Nigeria exported more lead, zinc ore in 2014 – NEITI

  The Nigeria Extractive Industries Transparency Initiative (NEITI) has said that Nigeria exported more lead and zinc ore in 2014 than any other solid minerals mined and extracted in the country for export. NEITI said this in the...

  • Posted January 4, 2017
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  SON tasks technical partners on quality imports

  Nigeria’s economic and industrial growth depends on the standard and quality of products in circulation either locally made or imported. Again, it is critical to ensure that imported products meet high quality benchmarks which would in turn...

  • Posted January 4, 2017
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  Production from Nigeria’s OML 18 excites San Leon

  Africa and Europe-focused San Leon Energy Plc, a partner of the Erotron consortium that acquired Oil Mining Lease (OML) 18 from Shell Petroleum Development Company (SPDC), has stated that production from the Nigerian oilfield has been encouraging....

  • Posted January 4, 2017
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  Investment Banks disagree on oil price recovery in 2017

  Global investment banks have differed on their forecasts on the recovery of crude oil prices in 2017, a recent survey on the projections of 12 banks has shown. Crude prices dropped from a peak of $115 per...

  • Posted January 4, 2017
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