Nigeria loses $9.1bn revenue to foreign ships yearly – Shippers Council
“There is also a lack of government infrastructure and government support.”
Diamond Bank no longer international; now national – Official
The Central Bank has approved Diamond Bank’s new status.
NPA replies Senate on N177 billion unremitted revenue allegation
The NPA said the Senate’s allegation is “without foundation”.
Nigerian power firm to sell electricity to Burkina Faso
The planned energy export is being put in place by the concessionaire of Kainji and Jebba hydro power stations, Mainstream Energy Solutions Limited, MESL.
Oil falls, heading for biggest monthly slide since 2008
The losses mark the largest one-month fall since the depths of the financial crisis in 2008.
Nigeria indecisive over oil output cuts as OPEC meets
Nigeria was excluded from the previous round of cuts, which began in 2017.
Nigeria awards exploration contracts to 10 mining firms
The minister did not say how much the contracts were worth.
BOI disburses N278bn to 219,000 enterprises – Official
The intervention has reportedly resulted in the creation of an estimated one million direct and indirect jobs.
CBN supplies $210 mn in wholesale FOREX market, others
The regulatory body assured its continued mediation in the interbank foreign exchange market.
AFREXIMBANK opens virtual platform for information on African trade
The new platform was opened to run as part of the forthcoming intra-African Trade Fair (IATF 2018) in Cairo, Egypt next month.
Three modular refineries to begin operations in 2019 — Kachikwu
“Out of the 40 licenses issued, only 10 have shown progress…”
Continental Reinsurance Africa to acquire Nigerian entity’s outstanding shares
A notice was sent to the Nigerian Stock Exchange on Monday.
General Motors to cut 15% jobs, halt production in plants
The plan, the global firm said, would affect more than 14,000 jobs.
Volkswagen spearheads workshop to make Nigeria automotive hub
The workshop was organised for Nigeria and Volkswagen to agree on the next steps.
Why depositors in liquidated Nigerian banks haven’t been paid – NDIC
The suffering of the depositors would continue unless the NDIC enabling Act is speedily amended by the national assembly.
Why CBN is controlling monetary rates for 14th consecutive time – MPC
Foreign reserves down from $42.6 billion in September to $41.53 billion on November 16.
Oil bounces above $63 after slide, but glut worries persist
Brent crude, the global benchmark, was up 92 cents to $63.45 per barrel.
Nigeria signs $60mn development partnership with UNIDO
The partnership is for inclusive and sustainable industrial development in Nigeria for 2018- 2022.
Nissan shares slump after arrest of chairman Carlos Ghosn
The embattled official was arrested and would be fired from Nissan’s board this week, the company said.
Yobe govt. promises to sustain immunisation coverage
The governor said the improvement in security had provided opportunity to reach more women and children for coverage in remote areas.