Analysis and Data

Bad road to illustrate the story

Poor infrastructure costs Nigeria N2.03 trn yearly– ICRC

Nigeria’s 2016 nominal GDP is N101.59 trillion and two per cent of that figure is N2.03 trillion.

The World Bank

World Bank to evaluate Nigerian states on Ease of Doing Business

The World Bank Global Ease of Doing Business Ranking evaluates 190 countries.

NCC Headquarters

NCC debunks membership of Etisalat’s new board

Etisalat Nigeria had on July 4 confirmed the constitution of a new board and appointment of new management.

Nigerian Stock Exchange (NSE)

Nigeria equity market maintains positive trend

The banking stocks were the toast of investors with Access Bank emerging the most traded.

Text message phone

Nigeria’s active telecoms subscribers reduced to 149 million in April — NCC

Active telecommunications service customers declined by 3,217,688 in April, as against 152,467,198 in March.

Nigerian Stock Exchange (NSE)

NSE index hits 33,000 mark

Market capitalisation inched N117 billion or 1.03 per cent to close at N11.503 trillion.

Nigerian Stock Exchange (NSE)

Nigerian equities market at 11-month highest

Nestle, Dangote Cement, Conoil and Nigerian Breweries were the top gainers.

OPEC [PHOTO CREDIT: Zero Hedge]

ANALYSIS: Nigeria, others hopeful as OPEC meets to extend oil output deal

The oil output deal led to a marginal increase in oil prices.

Nigerian economy improved slightly in 2016, but remains in recession -- NBS [Photo Credit: naija247news.com]

Nigeria foreign investment inflow declines 41 per cent; lowest in ten years

Lagos accounted for 95.32 per cent of capital imported into Nigeria in first quarter 2017.

Kaduna State Governor, Nasir el-Rufai

Kaduna releases 2016 Audited Accounts

The state says it reduced its recurrent expenditures by N5 billion during the financial year.

Oil vessel

Nigeria, others benefit as oil prices surge 3 per cent

The development came after Iraq and Algeria joined Saudi Arabia in supporting an extension to OPEC supply cuts.

Dollar and Naira bills [Photo credit: NairaFX]

As Naira appreciates, Bureau de Change operators lose N130 million in one week – Official

The Naira traded at N440 last Monday while it closed at N390 to the dollar on Friday.

Naira-Dollar

Naira gains N20 against dollar

A dollar exchanged for N430 on Tuesday.

Dollar and Naira bills [Photo credit: NairaFX]

Naira extends gain against dollar, sells at N440-N445 per dollar

An economist says CBN’s intervention is not sustainable.

Cooking gas [Photo credit: Business Daily]

Cost of refilling 5kg cooking gas cylinder increased by 5 per cent in February – NBS

States with the lowest average price, the report said, were Osun, Oyo and Ondo.

Text message phone

Nigeria’s telecom consumers spent $6.6 billion in 2016 – NCC

NCC unveils Ali Nuhu and Helen Paul as “Face of the Nigerian Telecom Consumer”.

Crude oil extraction [Photo credit: Bloomberg]

Oil prices rise on output cuts, after initial plunge

Oil prices had plunged 5 per cent to their lowest levels in 2017 on Wednesday.

OPEC [PHOTO CREDIT: Zero Hedge]

Oil rises as OPEC sticks to output pledges

Heftier cuts by Saudi Arabia and Angola helped offset weaker compliance by other members.

Dollar and Naira bills [Photo credit: NairaFX]

Naira sustains gain on dollar at parallel market

The Naira exchanged at N460 to a dollar at the parallel market

Nigeria and South Korea [Photo Credit: buzznigeria.com]

Trade between Nigeria, South Korea drops 60 per cent

Nigeria and South Korea expressed worry over the decrease of $2.7 billion in the volume of trade between the two countries.

L-R Non Executive Director, Mr. Bismarck Rewane; Vice-Chairman and President, Diageo Africa, Mr John O’Keffe; Company Secretary, Mr. Rotimi Odusola; Chairman, Mr. Babatunde Savage, all of Guinness Nigeria Plc at the Extra Ordinary General Meeting of the company which held at the Oriental Hotel, Lagos on Tuesday

After recording N2 billion loss, Guinness Nigeria to offer N40 billion Rights issue

In 2015, Guiness Nigeria posted a Profit After Tax of N7.7 billion.

nigerian_stock_exchange

2016: Difficult year for Nigeria’s capital market

The total transactions at the nation’s bourse decreased significantly by 32.44 per cent.

NNPC TOWERS

Nigeria’s state-oil firm, NNPC, lost N418.97 billion in 21 months – Report

Nigeria’s crude oil production dropped by about 27.2 per cent between January 2015 and September 2016.

Naira Notes

Naira stabilises at N485 per dollar at parallel market

The Pound Sterling and the Euro closed at N602 and N515, respectively.

Dollar and Naira bills [Photo credit: NairaFX]

Naira defies recovery efforts, falls to 485 per dollar

As the holidays approach, the naira is fast losing strength.