In the news: Oil production cost drops by 71%
Development interventions by the Central Bank of Nigeria (CBN) in the power and aviation sectors have reached N277.4 billion cumulatively between September 2016 till June 2017, with repayments by the operators trailing progressively.
Stockbrokers on the London Stock Exchange (LSE) may be warming up to take advantage of Investment opportunities in the Nigerian Capital Market (NCM) to leverage its fast growing profile.
Efforts by the Securities and Exchange Commission (SEC), to address liquidity constraints in the capital market heightened yesterday, as the Commission unveiled plans to seal agreement with the Central Bank of Nigeria (CBN), for a dual- licence model to enable Capital Market Operators (CMO) access the CBN window.
Members of the House of Representatives were in shock on Wednesday when the Auditor-General of the Federation, Mr. Anthony Ayine, disclosed that over two years after the Treasury Single Account policy came into operation, it had not been audited.
The Nigerian National Petroleum Corporation on Wednesday said it had driven down the cost of crude oil production from $78 per barrel as of August 2015 to $23 per barrel, representing a 70.5 per cent fall.
The Federal Government has saved a total of N108.1bn from charges imposed by banks for managing funds belonging to its ministries, departments and agencies since the commencement of the Treasury Single Account in September 2015.
The Securities and Exchange Commission has resumed talks with MTN Nigeria over the telco’s planned listing on the floor of the Nigerian Stock Exchange.
The Nigerian Stock Exchange All-Share Index (NSE) ASI fell by 2.68 per cent yesterday closed lower at 36,102.38 as profit taking persisted on the bourse. After hitting a record high last week, investors moved in to lock in part of the gains recorded in the past months.
Acting President Yemi Osinbajo wednesday assigned portfolios to Professor Stephen Ocheni and Mr. Suleiman Hassan, three weeks after swearing them in as ministers.
Worried over the alleged $1billion spent so far for an itch in the construction of Obite- Ubeta- Rumugi 42.5 kilometre 42″ Gas Pipeline Project(OUR) in Rivers State, the Senate has begun a holistic investigation of Total E&P Nigeria Limited, TEPNG.
The naira yesterday appreciated below N360 per dollar for the first time in the Investors and Exporters (I&E) window due to increased dollar supply.
Nigeria’s quest to explore new areas of revenue generation and diversification of its economy from oil is gaining traction, as the country seeks new opportunities through massive investment into the rail sector.
Pan Ocean Oil Corporation (POOC), an indigenous exploration and production company and operator of the Nigerian National Petroleum Corporation (NNPC)/Pan Ocean Joint Venture, has awarded a pipeline contract to a local firm to create an alternative export line to avoid attacks by Niger Delta militants.