OPEC sees fresh challenges in 2019 as Qatar exits group after 57 years
The 175th OPEC meeting opens in Vienna.
AMCON to help partners recover N740bn from obligors
Corporation says recovery of the debts would go a long way in boosting the economy of Nigeria.
Yuletide: NNPC says over 170mn litres of petrol stocked in own depots nationwide
The Petroleum Products Marketing Company says available stock of petrol enough to last 45 days.
NSE: Investors net worth drops by N581bn in November
Diamond emerged worst performing stock in percentage terms, dropping by 53.24 per cent to close at 65k.
Repatriation of $8.1 billion Profits: MTN, CBN opt for out-of-court settlement
Two top officials had earlier hinted on a possible out-of-court settlement.
CIBN urges Nigerians abroad to invest in home country
Institute says it is engaging Nigerians abroad on the issue.
OPEC works on deal to cut output, still needs Russia on board
Russia’s resistance to a major cut has been the main stumbling block.
Oil prices rise 2% on expectations of production cuts
OPEC will meet on Thursday in Vienna on future output and to discuss strategy with other producers.
NAICOM workers issue seven-day notice to commence indefinite strike
The association says its main grouse was the decision “to stagnate the career progression of staff of the commission.”
$1.3bn tax: Absence of judge stalls MTN vs AGF suit
The court consequently adjourned the hearing until Feb. 7, 2019.
Enelamah calls for collaboration of States, LGAs on ease of doing business
He assured the state and local governments of the support of the federal government in their reform efforts.
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.
Yuletide: CBN introduces $15,000 weekly special intervention for BDCs
Prior to this time, the intervention days are Mondays, Wednesdays and Fridays.
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.
Nigeria’s active telephone lines increase to 165m in October – NCC
The regulatory body said that the lines increased by 3,180,525 from the 162,058,918 recorded in September.
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.