The Central Bank of Nigeria (CBN) says the nation’s external reserves has risen to 42.56 billion dollars on Oct. 29, up from $42.31 billion on Oct....
Chief Executive of the Nigerian Stock Exchange (NSE) Mr Oscar Onyema has advised agro-allied companies to seek long-term development funds from the nation’s bourse. Onyema made...
President Goodluck Jonathan has ordered the two other committees set up to look into the country’s petroleum industry to submit their reports on Friday, November 2,...
Foreign exchange sales fell sharply by 69 per cent to $43.5 million at the bi-weekly auction conducted by the Central Bank of Nigeria (CBN) yesterday. Results...
By Omoh Gabriel The outgoing Group Managing Director of Union Bank PLC Mrs Funke Osibodu in her valedictory Media chat yesterday said that the Bank is...
Two weeks ago while in Tokyo at the conclusion of the 2012 IMF/World Bank Group Annual meetings, the CBN Governor, Sanusi Lamido Sanusi, decried the dollarisation...
The naira strengthened slightly against the U.S dollar on the inter-bank market on Wednesday, supported by dollar sales by a unit of ExxonMobil and some offshore...
Nigeria has lost at least a fifth of its oil output in recent weeks due to severe flooding and oil theft, government oil officials said on...
The market capitalisation of the Nigerian Stock Exchange (NSE) dropped by N108 billion on Wednesday due to huge price losses by some blue chips. The market...
Princess Maxima, United Nations Secretary General’s Special Advocate for Inclusive Finance for Development said that all stakeholders must collaborate to ensure financial inclusion in Nigeria. Maxima...
Nigeria lost out on tens of billions of dollars in oil and gas revenues over the last decade from cut price deals struck between multinational oil...
France’s Total has declared force majeure on gas supplies to Nigeria LNG’s liquefication plant, the company said. It said it had stopped oil and gas production...
Royal Dutch Shell cannot yet say when a force majeure on two grades of Nigerian crude oil will be lifted, after production stoppages caused by theft...
Nigeria will hold its first oil exploration bidding round for five years by the end of this year, while licence renewal talks with Shell and Chevron...
Nigerian authorities seized a ship and arrested its 15 Russian crew members on suspicion of arms smuggling, after they found several guns and about 8,500 rounds...