Business

Oil rig

2019 Budget: How Nigeria will realise 2.3 million daily oil target — Officials

Two ministers express optimism that the target will be met.

Central Bank of Nigeria (CBN)

Nigeria to establish national micro-finance bank

“The bank will serve as an efficient channel for the disbursement and monitoring of key intervention funds by the CBN.”

Finance minister, Zainab Ahmed. [PHOTO CREDIT: Daily Trust]

$1. billion ‘Green lmperative’ loan will create jobs, guarantee food security- Finance Minister

The scheme is one of the government’s diversification initiatives aimed at boosting economic development, the minister says.

nigerian_stock_exchange

NSE crucial market indices sustain growth by 0.40 per cent

The market capitalisation inched N45 billion to close at N11.404 trillion compared with N11.359 trillion on Wednesday.

Oil ship

Oil prices slip as U.S. crude output nears 12 million bpd

International Brent crude oil futures LCOc1 were down 37 cents, or 0.6 per cent, at $60.95 per barrel.

Central bank of Nigeria (CBN)

Sub-Saharan Africa’s growth to accelerate despite tighter global conditions – Poll

The poll suggests Nigeria will grow 2.5 per cent this year.

NNPC Headquarters, Abuja

Nigeria earns $640.35 million from Crude export – NNPC

The figure is higher than the $527.70 million logged in September 2018.

Cooking gas cylinders

Price of cooking gas decreased in December 2018 — NBS

The price of diesel, however, increased to N221.56 in December 2018 from to N219.54 recorded in November 2018.

A Market used to illustrate the story

Nigeria inflation rises to 11.44%

The increase is 0.16 percent points higher than the rate recorded in November 2018.

FILE PHOTO: NNPC fuel station used to illustrate the story

Nigerian govt to track petrol consumption

The project will address the diversion of petroleum products and provide fuel consumption data.

gas-pipeline-653x365

Pipeline vandalism up by 42.9% in October — NNPC

NNPC says it realised about $640.35million from the export of crude oil and gas for October, 2018.

Corporate Affairs Commission (CAC) Head Office

Nigeria targets sub-100 ranking in Ease of Doing Business

Nigeria is ranked 146 among 190 economies in the Ease of Doing Business.

Electricity station used to illustrate the story.

We may shut down power plants – Generating Companies

Average generation rose slightly to 4,162.47MW from 4,093.76MW.

Naira notes

Naira losses marginally against dollar at parallel market

The Nigerian currency lost N1 to exchange at N361 to the dollar at the parallel market in Lagos.

Rice farm

Flood: CBN approves ‘compensation’ for 550,000 rice farmers

Only selected farmers would benefit from the ‘compensation’.

Diamond Bank

Merger: CBN, SEC grant approval ‘in principle’ to Access, Diamond Banks

Bank officials speak on the merger plans.

Nigeria Stock Exchange

NSE All-Share Index up by 0.45 per cent despite technical obstructions

The market capitalisation increased by N50 billion, closing at N11.174 trillion compared with N11.124 trillion posted on Friday.

Ajaokuta Steel plant

11 companies indicate interest to run Ajaokuta steel

The federal government says it is not prepared to hand over the company now.

Bank queue

Nigeria targets 80% adult financial inclusion by 2020

About 36.6 million Nigerian adults do not have access to formal financial services.

The Murtala Mohammed International Airport

Nigeria warns airlines against unauthorised charter operations

The license of culpable operators could be seized.

Sayedero market were garri is being sold

How technology can boost Nigeria’s untapped cassava wealth

Automated systems can enhance not only the local production of cassava, but the crop’s potential foreign earnings.

Naira notes

Naira reverses loss, sells at N360.5 to dollar

The naira gained 50 kobo at the parallel market.

Nigeria Stock Exchange (NSE)

NSE: All-Share Index sustains growth by 1.06 per cent

The market capitalisation rose by N117 billion to close at N11.124 trillion compared with N11.007 trillion recorded on Thursday.

FILE: A Cooking gas business [Photo credit: Business Daily]

NNPC moves to reduce price of cooking gas

The corporation says it is ready to implement an effective commercial framework.

Naira notes

Naira loses marginally against dollar at parallel market

The Nigerian currency traded at 50 Kobo, weaker than N360.5 traded on Wednesday.