Analysis and Data

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Digital money, bitcoin, crosses $15,000 threshold

Bitcoin is a cryptocurrency and controversial worldwide digital payment system.

Kenya Airways

African airlines to make small loses in 2019 – IATA

“While traffic is growing, passengers load factors for African airlines are just over 70 per cent.”

National Assembly

NASS passes MTEF, raises oil benchmark to $47 per barrel

The lawmakers increased the oil benchmark beyond the executive’s proposal.

ANALYSIS: Renewable energy, NNPC and Nigeria’s oily future

While Nigeria intensifies search for oil, the developed world is preparing for a future without crude.

Central bank of Nigeria (CBN)

Experts speak on CBN’s retention of interest rate

The MPC retained the interest rate at 14 per cent.

Godwin Emefiele

MPC retains lending rate at 14%

The CBN announced the MPC decision.

GTBank

Eight Nigerian banks downgraded in new Moody’s report

Moody’s also downgraded the rating of Nigeria’s Bank of Industry.

Nigeria to increase mobile broadband subscriptions to 50% by 2020

The official links the well-being of Nigerians to effective ICT structure.

Nigerian-Stock-Exchange

NSE in September: Investors transact deals worth N64.79 billion

Dangote Sugar was the toast of investors in the consumer goods with a total of 43.57 million shares worth N589.55 million.

Central bank of Nigeria (CBN)

What experts say about Buhari’s new appointments for CBN deputy governor, MPC members

”Some of the appointments appear to be based on politics.”

Nigeria moves up, now 125th among world’s competitive economies – Report

This is the first time the country’s ranking has gone up since 2012.

Naira Notes

Naira sells at N364/$ as MPC holds rate

The Pound Sterling and the Euro traded at N492 and N436.

Bad Road

Nigerian govt. expects $80bn as direct private investment for infrastructure from 2014-2018

Government is also expected to leverage on up to 25 billion dollars through infrastructure Public Private Partnerships (PPPs) during the same period.

NBS

Nigeria’s foreign trade increases by 7.7 per cent – NBS

Report showed total trade about 37.3 percent higher than the in the second quarter of 2016.

NNPC Headquarters, Abuja

Winners emerge in NNPC nationwide quiz competition

Many past winners ended up studying Science and Technology related courses in universities.

Minister of State for Petroleum Resources, Ibe Kachikwu

Over $300 billion losses in oil investments in three years – Kachikwu

“For the first time in the oil sector, the decline in the oil price resulted into loss of jobs.

bad-road

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 used to illustrate the story.

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

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 index hits 33,000 mark

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

Nigerian-Stock-Exchange

Nigerian equities market at 11-month highest

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

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

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

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.