Business

Aliko Dangote [Photo Credit: Guardian Nigeria]

Dangote Group to invest $4.6 billion in agriculture

“There is need for infrastructure to be in place to enable farmers transport their produce from farm to markets.”

Nigerian Stock Exchange (NSE)

Ogunbanjo emerges NSE President, replaces Aig-Imoukhuede

The new president is managing partner of Chris Ogunbanjo & Co (Solicitors).

Crude oil extraction [Photo credit: Bloomberg]

State-owned NPDC now Nigeria’s fifth largest oil producer – Official

A senior official of the NNPC made the disclosure.

Aig-Imoukhuede

Aig-Imoukhuede, Dangote bow out of NSE council

He said the council members contributed immensely to the growth of the capital market.

[Photo Credit: Independent.co.uk]

Oil price rises as producers say market rebalancing

Brent crude futures was up 0.05 per cent at 56.88 dollars a barrel.

NNPC Headquarters, Abuja [Photo Credit: Thisday]

BUSINESS SPECIAL: Pressure on Nigeria as the world turns away from oil

“Maximizing the benefits of all oil and gas assets now will save the country the humiliation of ‘drinking its oil.’”

Aliko Dangote, President, Dangote Group

Civic groups, experts react to 10 years tax incentive granted Dangote by Nigerian govt

The government announced that the incentive was for the company to help construct public roads.

International Monetary Fund (IMF)

Nigeria demands reform of IMF, World Bank

Nigeria demanded they “be made more transparent, consultative and inclusive.”

Ibe Kachikwu [Photo Credit: THISDAYLIVE]

Good news for Nigeria as OPEC extends exemption from oil output cut

The extension of the exemption period means more oil earnings for Nigeria.

AITEO Group

Aiteo shuts Nembe creek trunk line – Official

The shutdown was done on September 15.

Oil vessel

Oil prices rise toward $57 ahead of OPEC meeting

Oil prices surged more than 15 per cent over the last three months.

Central bank of Nigeria

Four Nigerian banks trade below minimum liquidity ratio, MPC members say

The banks have too many non-performing loans.

Aliko Dangote [Photo Credit: Guardian Nigeria]

Dangote, Bloomberg, others discuss use of technology to tackle poverty

Dangote spoke on use of technology for grants to one million women.

Oil vessel

Nigeria remains Indonesia’s largest trading partner – Ambassador

There was a drop in trade volume between the two countries.

NCC Headquarters

NCC remits N133.4bn to Federation Account in 2 years’

The NCC says the nation’s telecommunication sector is resilient and stable.

Aliko Dangote

Dangote wants oil prices to remain low

Mr. Dangote wants attention shifted from oil.

DSC_0145 (2)

After Boko Haram attack, Nigerian govt turns to Sokoto Basin for oil search

The NNPC says it is determined to find oil in the northern part of the country.

Nigeria's ministry of finance building

Nigerian govt. moves to sanitise capital market; reconstitutes Investment & Securities Tribunal

The new 10-member tribunal was inaugurated on Tuesday.

Yewande Sadiku [Photo: creativenigeria.org]

NIPC targets $25 billion Investment, as Nigeria’s Investment Forum opens in New York

The Forum held on the sidelines of the United Nations General Assembly meeting.

Nigerian Stock Exchange (NSE)

Capital market abuses: SEC slams life ban on top businessman Victor Ogiemwonyi

The companies’ operating licenses have also been withdrawn.

NNPC Headquarters, Abuja [Photo Credit: Thisday]

Petrol jetty explodes, four feared dead

The jetty belongs to the NNPC.

AA Rano filling station

Petrol, diesel prices decreased in August – NBS

The average price of petrol for August 2017 was N144.4.

Central bank of Nigeria

CBN to punish banks over refusal to open teller points, rates display boards

CBN injects another $545 million into FOREX market

Crude oil extraction [Photo credit: Bloomberg]

Oil rises to approximately $56

Number of U.S. rigs drilling for new production fell.

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

Nigeria’s Inflation rate drops for seventh consecutive month – NBS

On September 5, the NBS announced that the Nigerian economy had slipped out of recession.