Analysis and Data

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

Oil rises as OPEC sticks to output pledges

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

Naira sustains gain on dollar at parallel market

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

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.

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.

Naira defies recovery efforts, falls to 485 per dollar

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

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

The report captured details between 1980 and 2012.

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.

Naira appreciates marginally at interbank market

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

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.

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.

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.

CBN

Manufacturers, Nigerian students abroad, others get $867 million Forex – CBN

Raw materials sector received the highest allotment, getting access to foreign exchange valued at $355.7 million.

Naira gains against dollar at interbank market

The rate remains volatile at the parallel market amid government clampdown.

nigerian_stock_exchange

Nigerian Stock Exchange: All-share Index, Market Capitalisation dip Monday

Mobil Oil topped the losers’ chart with a loss of N4.99 to close at N190.01 per share.

Minister of Finance, Kemi Adeosun

Finance Ministry moves to recover N450 billion unremitted operating surpluses from MDAs

The ministry said preliminary findings by the committee have shown huge under-remittance of over N450 billion between 2010 and 2015.

nigerian_stock_exchange

Nigeria Stock Exchange All-Share Index, market capitalisation drop

Forte Oil led with a loss of N10.18 to close at N94.32 per share.

A Bureau De Change, BDCs, operator

To force exchange rate down, Nigeria clamps down on money changers

Dozens of money changers have since Wednesday been arrested by officials of the State Security Service, SSS, in Lagos and Abuja.

‘Why Nigerians now prefer to keep money at home instead of in banks’

A bank customer says she prefers to keep her money at home to escape banks’ ever increasing charges.

NNPC TOWERS

NNPC denies plans to further hike fuel price

NNPC had raised its price from N141 to N145 per litre of petrol.

700,000 Nigerians apply for 500 FIRS jobs

Among the applicants were 2,000 graduates who had first class.