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Nigerians have continued to react as the Naira sold between N572 and N575 to a $1 at the parallel market despite the suspension of the activities of AbokiFX. AbokiFX, a website that collates black market exchange rates in Nigeria, had suspended activities following allegations by the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele…
September 20, 2021
The Nigerian National Petroleum Corporation (NNPC ) has announced that natural gas production in the country increased by 6.19 per cent at 222.23 billion cubic feet in May 2021. The corporation disclosed this in its Monthly Financial and Operation Report (MFOR) for the month of May 2021 released in Abuja, on Monday. “In the gas…
September 20, 2021
Africa's richest man, Aliko Dangote is reportedly in talks with some financial institutions to secure a loan facility to finance the giant oil refinery complex project in Lekki, Lagos. This is coming as the cost to complete the 650,000 barrel-per-day refinery shot up to $19 billion. The refinery facility in Nigeria’s commercial hub was expected…
September 16, 2021
The Equities market of the Nigerian Exchange (NGX) Limited has been ranked as the best investment asset class to hedge against inflation from August 2020 to August 2021. The Financial Derivatives Company (FDC) disclosed in the inflation vs investment return data released for August, on Sunday, in Lagos. Among the four asset classes tracked by…
September 6, 2021
The Embassy of Nigeria in Bangkok, Thailand under the focused leadership of His Excellency, Ambassador Oma Djebah has advanced steps towards attracting sustainable agro-investments to Nigeria by boosting agricultural partnerships and cooperation between Nigerian and Thai agro-allied business owners. To actualize this goal in line with the federal government’s policy of ensuring food security and…
September 4, 2021
Says state of economy responsible for banditry, other challenges Calls for action against 'Wrong Social System' in North breeding poverty, Almajirai After a careful assessment of Nigeria economically, a former Emir of Kano, Muhammadu Sanusi II has said the country has not made appreciable economic progress in the last 40 years hence the continued problems…
August 15, 2021
Mr Emmanuel Akinwunmi, the Principal Private Sector Specialist, African Development Bank (AfDB) says industrialisation process in Africa is hampered by lack of infrastructure and competitiveness. Akinwunmi made this observation at inauguration of the Local <span;>Organising Committee (LOC) on the Nigeria Industrialisation Summit, on Friday, in Abuja. The summit is being organised by Madewell Garment Ltd.,…
August 14, 2021
$11.17bn For Coastal Rail Projects The Federal Executive Council (FEC), on Wednesday has approved the sum of $1.4 billion for the rehabilitation of Warri and Kaduna refineries. The FEC also approved the sum of $11.17bn for rail projects that will link the coastal cities across the country by rail. These projects were approved during the FEC meeting…
August 4, 2021
Halts Issuance of License To BDCs Retains Lending Rate The Central Bank of Nigeria (CBN) has banned the sale of foreign exchange (Forex) to Bureau De Change (BDCs) operators in a major clampdown on their operations in the country. CBN Governor, Mr Godwin Emefiele, while announcing this on Tuesday hinged the decision on the discovery…
July 27, 2021
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Nigerians have continued to react as the Naira sold between N572 and N575 to a $1 at the parallel market despite the suspension of the activities of AbokiFX. AbokiFX, a website that collates black market exchange rates in Nigeria, had suspended activities following allegations by the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele…
September 20, 2021
The Nigerian National Petroleum Corporation (NNPC ) has announced that natural gas production in the country increased by 6.19 per cent at 222.23 billion cubic feet in May 2021. The corporation disclosed this in its Monthly Financial and Operation Report (MFOR) for the month of May 2021 released in Abuja, on Monday. “In the gas…
September 20, 2021
Africa's richest man, Aliko Dangote is reportedly in talks with some financial institutions to secure a loan facility to finance the giant oil refinery complex project in Lekki, Lagos. This is coming as the cost to complete the 650,000 barrel-per-day refinery shot up to $19 billion. The refinery facility in Nigeria’s commercial hub was expected…
September 16, 2021
The Equities market of the Nigerian Exchange (NGX) Limited has been ranked as the best investment asset class to hedge against inflation from August 2020 to August 2021. The Financial Derivatives Company (FDC) disclosed in the inflation vs investment return data released for August, on Sunday, in Lagos. Among the four asset classes tracked by…
September 6, 2021
The Embassy of Nigeria in Bangkok, Thailand under the focused leadership of His Excellency, Ambassador Oma Djebah has advanced steps towards attracting sustainable agro-investments to Nigeria by boosting agricultural partnerships and cooperation between Nigerian and Thai agro-allied business owners. To actualize this goal in line with the federal government’s policy of ensuring food security and…
September 4, 2021
Says state of economy responsible for banditry, other challenges Calls for action against 'Wrong Social System' in North breeding poverty, Almajirai After a careful assessment of Nigeria economically, a former Emir of Kano, Muhammadu Sanusi II has said the country has not made appreciable economic progress in the last 40 years hence the continued problems…
August 15, 2021
Mr Emmanuel Akinwunmi, the Principal Private Sector Specialist, African Development Bank (AfDB) says industrialisation process in Africa is hampered by lack of infrastructure and competitiveness. Akinwunmi made this observation at inauguration of the Local <span;>Organising Committee (LOC) on the Nigeria Industrialisation Summit, on Friday, in Abuja. The summit is being organised by Madewell Garment Ltd.,…
August 14, 2021
$11.17bn For Coastal Rail Projects The Federal Executive Council (FEC), on Wednesday has approved the sum of $1.4 billion for the rehabilitation of Warri and Kaduna refineries. The FEC also approved the sum of $11.17bn for rail projects that will link the coastal cities across the country by rail. These projects were approved during the FEC meeting…
August 4, 2021
Halts Issuance of License To BDCs Retains Lending Rate The Central Bank of Nigeria (CBN) has banned the sale of foreign exchange (Forex) to Bureau De Change (BDCs) operators in a major clampdown on their operations in the country. CBN Governor, Mr Godwin Emefiele, while announcing this on Tuesday hinged the decision on the discovery…
July 27, 2021
