Tuesday, March 24, 2020 Nigeria slashes crude selling prices to woo buyers Nigeria has cut the official selling prices for its crude oil to record lows to clear a glut of unsold April-loading cargoes before releasing the May programme on Monday….read more. States’ revenue shrinks as FAAC shares N581bn The Federation Account Allocation Committee on…
Details
Nigeria consumed N2.64tn petrol in 13 months, says NNPC The Nigerian National Petroleum Corporation said on Sunday that it sold a total of 21.51 billion litres of petrol worth N2.64tn from December 2018 to December 2019.The NNPC said the sale of white products from December 2018 to December 2019 by its subsidiary, the Petroleum Products…
Details
Friday 20 March, 2020 Oil rises to $28 as Trump considers intervention The international oil benchmark, Brent crude, halted its losing streak on Thursday, trading around $28 per barrel…read more $30bn revenue leakage: Reps threaten telecos’ CEOs with arrest The House of Representatives has given the Chief Executive Officers of telecommunications service providers a seven-day…
DetailsThursday, March 19, 2020 Greif places travel ban on workers, postpones AGM Following the announcement of five new coronavirus cases in Nigeria, Greif Nigeria Plc has announced a travel ban on all its employees as well as social distancing rules for workers engaged by the firm…read more CBN announces N1.1tn intervention fund to boost…
Details
Wednesday, March 18, 2020 Capital Market Stakeholders Urge FG to Incentivize Commodity Trading The federal government has been urged to incentivize the trading of commodities through the provision of high-quality seedlings to farmers among others, saying it will impact positively on the Nigerian economy…read more Vetiva Projects Higher Revenue, Profit for Dangote Cement in 2020…
DetailsHeadline Inflation marginally rose to 12.20% y-o-y(Jan’20:12.13%) for the sixth consecutive time since September 2019, this is 0.07 percent points higher than the rate recorded in the previous month. 12.20% remains the peak in inflation since April 2018. Headline Inflation was highest in Bauchi (14.47%), Niger (14.06%) and Plateau (13.98%), while Borno (10.46%), Abuja (9.68%)…
Details
Tuesday, March 17, 2020 Zenith Bank pays N87.9bn dividend The shareholders of Zenith Bank Plc have unanimously approved the proposed final dividend of N2.50 per share, bringing the total dividend payment for the 2019 financial year to N2.80 per share with a total value of N87.9bn…read more Wema Bank to support women businesses with grants…
Details
First Bank in merger talks with local, foreign banks First Bank Plc may have opened merger talks with some other Nigerian and foreign banks ahead of the banking industry recapitalisation plan of the Central Bank of Nigeria…read more Oil crash: Nigeria may lose $8.63bn in six months Recession looms, say LCCI, PENGASSAN, NUPENG,…
Details
Stock market falls further, investors lose N329bn Investors in the nation’s stock market lost N329bn at the end of trading on Monday following the commencement of an oil price war amid rising cases of coronavirus…read more Edo considers capital raise from stock market The Edo State Government has said it is planning to raise…
Details
Access Bank Records N115bn Profit, Recommends 40k Final DividendAccess Bank Plc is still savoring the benefits of its decision to merge with former Diamond Bank Plc as the lender recorded improved performance in the year ended December 31, 2019….read more Power sector loses N117.8bn to gas shortage, othersBetween January 1 and March 6, Nigeria’s power…
Details