To grow the movie, music, ICT and creative industry in general, the Bankers Committee of the Central Bank of Nigeria (CBN) on Thursday, revealed plans to vote huge funds to support players along the entire value chain of that sector. Read more
The Nigerian National Petroleum Corporation, NNPC, and its Joint Venture partners – Shell Petroleum Development Company, SPDC, Total Exploration and Production Nigeria, TEPNG, and Nigeria Agip Oil Company, NAOC – have reached Final Investment Decision, FID, on Read more
The Nigerian equities market has recorded a year-to-date (YTD) growth of 3.3 per cent following sustained bullish trading as investors took advantage of attractive prices of stocks. The market, which suffered a decline in 2018, Read more
Eterna Plc, an operator in the nation’s downstream oil sector, has said it aims to increase the number of its petrol stations across the country to 200 and acquire upstream oil and gas assets in the next five years. Read more
First Bank of Nigeria Limited, last Thursday signed a partnership with the Azuri Technologies to provide solar energy solution for the low-income areas. Read more
The Buhari presidency has reacted to Nigeria’s Gross Domestic Product (GDP) for the fourth quarter of 2018. Read more
The federal government yesterday disclosed that it may no longer provide financial bailouts for power generation companies (Gencos) in Nigeria, Read more
FSDH Merchant Bank has advised the federal government to adjust the $60 per barrel budget benchmark for crude oil price, in view of forecast of lower crude oil price in 2019. Read more
A Federal High Court in Abuja has warned the Central Bank of Nigeria (CBN), the Nigerian Telecommunication Commission (NCC), and others involved in the transaction for the sale of troubled telecom firm, Etisalat (9mobile) against taking further steps to conclude the sale. Read more
ACTIVITIES on the equities market rebounded last week despite jitters in the political environment with investors recording N334 billion gains on their investment. Read more
he Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday stated that given that the inherent risks in granting loans to Micro Small and Medium Enterprises (MSMEs) , Read morehttps://allafrica.com/stories/201902120086.html
Lending institutions, especially banks, have registered interest on movable assets valued at N1.23 trillion, $1.14 billion and €6.08 million through 41,408 financing institutions, the Central Bank of Nigeria (CBN) said yesterday in Abuja. Read more
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, yesterday unveiled computerised crude oil and Liquefied Natural Gas (LNG) tracking, automatic downstream system and other automation initiatives. Read more
According to a new market research study titled “Network Security Firewall Market to 2026 – Global Analysis and Forecasts by Material Composition, Industries and End Products”, The report highlights the trends prevalent in the global Network Security Firewall Market and the factors driving the market along with those that act as deterrents to its growth. Read […]
The nation’s power grid recorded nearly 100 system collapses in five years and three months after the privatisation of the power sector. Read more
Sustained bargain hunting in bellwethers lifted the Nigerian Stock Exchange (NSE) All-Share Index by 0.16 per cent to close at 30,821.80 yesterday. Read more
Nigeria is set to achieve self sufficiency in tomato production in the next one year following the attainment of daily production of one million tomato nurseries. Read more
The speculation on whether Dangote refinery will sell its refined premium motor spirit on government-regulated price has been laid to rest. Read more
The Association of Bureaux de Change Operators of Nigeria (ABCON) yesterday demanded for higher transaction margins for Bureaux De Change (BDCs) as being practiced in other parts of the world. Read more
The Nigerian National Petroleum Corporation, NNPC, yesterday, announced a trading surplus of N2.06 billion for November 2018, as against the previous month’s deficit of N12.66 billion. Read more