Business

9mobile

NCC orders fresh due diligence on preferred bidder  for 9Mobile

Last April, Teleology Holdings Limited emerged as the preferred bidder.

NNPC TOWERS

NNPC gives reasons for three different gas prices

“Part of the reason for the gas master plan is to make the domestic gas market viable and reduce entry barriers.”

Naira notes

Naira weakens marginally against dollar at parallel market

The Pound Sterling and the Euro traded at N484 and N414.

Godwin-Emefiele

CBN may increase interest rate — Deputy Governor

The bank has kept the MPC key rate at 14 percent since 2016 in a bid to prop up the naira and tame inflation.

MTN Nigeria office

MTN sticks to 2018 plan despite complications to repatriate cash from Iran

Trump said on Tuesday that companies doing business with Iran would be barred from the United States.

Amy Jadesimi, MD of LADOL | Photo Credit: www.howwemadeitinafrica.com

Lagos free zone operator denies ‘high charges’ imposed on investors

Investors claim the operator introduced charges alien to the contract in the free zone.

Nigerian Stock Exchange Trading floor [Photo: blogs.cfr.org]

Seplat, CAP, GTBANK dominate losers’ chart on NSE

The All-Share Index dipped 145.62 points or 0.40 per cent to close at 36,333.80.

Central Bank of Nigeria (CBN)

FOREX: Again, CBN intervenes with $210m

The intervention is also to help meet customers’ requests in various segments of the market.

NBS

Nigeria imports 4.79 billion litres of petrol – NBS

The bureau says the highest volume of 1.78 billion litres of PMS imported into the country was recorded in April.

forte-oil Photo credit: Logbaby.com

Forte Oil reports N61.8 billion revenue in first half 2018

Total assets rose to N153 billion in contrast with N147 billion posted in the previous period.

NSE suspends trading on Conoil shares

The NSE gives reason for the suspension.

A mining site used to illustrate the story

Over 2 million people engage in illegal mining for survival — FG

The government says it cannot criminalise the activities of the illegal miners

Nigeria Stock Exchange (NSE)

NSE index resumes with 0.06% marginal loss

Beta Glass dominating the laggards’ table with a loss of N7.80 to close at N78 per share.

Nigeria Stock Exchange

NSE raised N57.36 million for mobile cancer centres

NSE says the centres will ensure early detection of the disease and provision of treatment.

NLNG-Bonny

Nigeria to become 3rd world largest exporter of gas – NLNG Official

Nigeria is presently the fourth exporter of gas in the world.

Bank queue

Compel banks to stop stamp duty deductions, NECA tells FG

A court has ordered stoppage of the deduction.

Vice President, Yemi Osinbajo

Nigeria working to give small businesses N10m collateral-free loans–Osinbajo

The loan will be between N2 million and N10 million.

Panama Papers

EXCLUSIVE: I moved to Nigeria from UK for tax reason – Indian Businessman

Although an Indian national, the businessman says he has never worked or done any business in India.

nigerian_stock_exchange

Notore Chemical listing lifts NSE market capitalisation by N128 billion

Total recorded the highest price gain to lead the gainers’ table, appreciating by N5 to close at N195 per share.

LCCI

LCCI canvasses 13% derivation benefit for states hosting ports

The chamber says ports activities exerts tremendous pressure on the states’ facilities.

Consolidated Revenue Fund: FG rakes in N1.4 trillion in 10 years

Fiscal Responsibility Commission says more funds will be generated if all 122 corporations under it comply with the regulations.

Computers used to illustrate the story

Nigeria internet users decrease in June

The data showed a decrease 347,604 subscribers in the country.

Someone operating a mobile phone [Photo: IT News Africa]

Active mobile lines in Nigeria hit 162.3 million

The Code Division Multiple Access (CDMA) for active mobile lines had 217,566 users in June, same as in May.

Oil rig

Oil exports, controlled imports aided Nigeria’s exit from recession – NBS

Nigeria’s economy entered recession in 2016 but returned to positive growth in the second quarter of 2017.

Nigerian Stock Exchange Trading floor [Photo: blogs.cfr.org]

ANALYSIS: Nigerian bourse, investors’ confidence and the troubles of minority shareholders

Analysts suggest ways to protect minority shareholders.