News Reports

Central bank of Nigeria (CBN)

CBN directs banks, BDCs to sell Forex to eligible travellers over the counter

Banks risk sanctions for failure to attend to travellers who present all relevant documents.

Nigerian-Stock-Exchange

NSE market capitalisation loses N416 billion in five days

The All-Share Index within the period dipped 1,148.83 or 2.84 per cent to close trading on 39,323.62 compared with 40,472.45 it opened for the week.

Shell

Nigeria’s oil export ‘suffers’ as Shell battles pipeline leak

The company deploys containment booms and mobilises its oil spill response teams to clean sites.

Statistician-General of the Federation and National Bureau of Statistics, DG,, Dr. Yemi Kale (Photo taken by Richard Akinwumi, 2/20/2018)

Why Nigeria is investors’ best destination now — NBS DG

Capital inflows at over 500 per cent higher in Q1 2018 over last year.

forte-oil Photo credit: Logbaby.com

Shareholders endorse Forte Oil’s divestment plans

The firm seeks to divest from its upstream operations.

Nasarawa State University

Nasarawa university produces Nigeria’s ‘first professor of capital markets’

Mr Uwaleke is described by colleagues as a thorough-bred professional.

pexels-photo-315788 (1)

South Africans defrauded of $80 million in Cryptocurrency scam

“Some of the investors got paid in terms of the agreement. However, the payments suddenly stopped.”

AfDB Usan

AfDB says it backed African countries in 2017 with $7.7 bn

The bank holds its meeting in Korea.

Electricity Meter

22 firms scale first hurdle in Nigeria electricity meter supply bidding

The companies will operate the new MAP.

Director-General of Debt Management Office (DMO), Abraham Nwankwo

Nigeria makes N50.45 billion from May bonds auction

The amount is lower than N70 billion it targeted, the Debt Management Office says.

Kaduna State Governor, Nasir El-Rufai

What Kaduna’s doing to attract investors despite security challenges – El-Rufai

Kaduna attracted over $500 million foreign direct investment in over two years.

NNPC TOWERS

India largest importer of Nigeria’s crude oil in 2017 – NNPC

Report shows that India imported over 131 million barrels of Nigeria’s crude.

Google Headquarters [Photo Credit: Android Headlines]

Google launches $2 million empowerment initiative for Nigerians

Across Africa, $20 million would be committed over the next three years.

House of Reps

Reps to probe PENCOM’s alleged violation of Public Procurement Act

After contributions by other lawmakers, the motion was unanimously adopted.

FCMB used to illustrate the story. [Photo credit: Eagle Construction Limited ECL Abuja]

Tribunal orders FCMB to pay N989 million decade old debt

The matter had been handled by the SEC, CBN and the Federal High Court over ten years.

Vice President, Yemi Osinbajo

Buhari govt has invested $10bn in infrastructure — Osinbajo

The vice president says Nigeria’s foreign reserves are now almost 50 billion dollars.

Godwin Emefiele

Why we retained Nigeria’s monetary policy rates for 11th consecutive time – MPC

The committee is waiting for key indicators in the federal budget and the implementation of fiscal policy in 2018 to become clearer.

Murtala Mohammed International Airport, Lagos

Nigerian govt restates commitment to float national carrier by December

He said President Muhammadu Buhari has given the National carrier Committee a timeline.

International Monetary Fund (IMF)

Nigeria, others to record 3.4% economic growth – IMF

He said there was need for prudent fiscal policy to rein in public debt.

Rail tracks connecting Abuja - Kaduna

American based company set to invest over $10 billion in coastal rail line

The firm says it might take over the Lagos-Calabar coastal line and Port Harcourt from Chinese company

Unity Bank

Unity Bank, Milost controversy under investigation – SEC

The bank was in talks with Milost for possible investment.

Godwin Emefiele

Naira depreciates amidst Nigeria – China swap deal

Financial experts said that the sealing of the deal was in the right direction.

NBS

Nigerian economy maintains strong growth, despite slight decline in Q1 2018 – NBS

Non-oil sector GDP accounted for about 90.4 per cent of the Nigerian economy.

NNPC TOWERS

List of 50 crude oil lifters not official – NNPC

A review of the now discredited list fuelled speculations that adequate due diligence was not carried out before it became public.

Aliko-Dangote-1062x598

I want to be Africa’s biggest philanthropist – Dangote

“I do not only want to be known as Africa ’s richest man.”