Analysis and Data

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.

dollars-america

Nigeria, others lost $16.3 trillion in 32 years to financial leakages, trade mis-invoicing – Report

The report captured details between 1980 and 2012.

Crude oil extraction [Photo credit: Bloomberg]

Oil hits $55.33 high in buying rush after OPEC agreement

Brent crude rose to hit 55.33 dollars, its highest since July 2015.

Nigerian Stock Exchange Trading floor [Photo: blogs.cfr.org]

Nigerian stock market appreciates marginally by 0.01 per cent

The market capitalisation, which opened at N8.855 trillion, rose by one billion or 0.01 per cent to close at N8.856 trillion.

Dollar and Naira bills [Photo credit: NairaFX]

Naira appreciates marginally at interbank market

The Naira continued to nosedive at the parallel market, closing at N480 to a dollar.

Crude oil extraction [Photo credit: Bloomberg]

OPEC 1.2 million barrel oil cut to commence January

The resolution was taken at the 171st meeting of the group held in Vienna, Austria.

img_20161130_154249-001

Why we proposed, then reversed plans to hike data price – NCC

The NCC said it took the decision to set a minimum pricing template to encourage small operators and new entrants.

Niger Delta militants

ANALYSIS: Niger Delta bomb attacks: The search for motives

Whatever the motive, the Niger Delta will, in the end, turn out to be the major victim for a future compromised.