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Naira Gain Compensates Falling External Reserves

Naira Gain Compensates Falling External Reserves

🕔06:46, 26.May 2017

The Nigerian external reserve has recorded a downward movement for the 20th day after falling by $180 million to record a low of $30.52 billion Thursday. According to a data posted on the Central Bank of Nigeria(CBN) website yesterday, the

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Naira Struggles To Record Gains

Naira Struggles To Record Gains

🕔07:32, 25.May 2017

Analyst have praised the sustainability of the injection of dollar stating that the naira was expected to trade within a narrow range

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Port: New FG Policy To Produce 200,000 Jobs

Port: New FG Policy To Produce 200,000 Jobs

🕔06:51, 24.May 2017

According to the policy, importers can now choose terminals of their choice provided the concessionaires have expertise to handle cargoes, such as bulk, containerised and multipurpose cargoes.

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CAC: Manual Registration Of Companies Officially Ends

CAC: Manual Registration Of Companies Officially Ends

🕔07:27, 23.May 2017

The objective is to ensure that Nigeria operates at par with some of the best company registries in the world in the delivery of registration services

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Electricity: Nigeria To Get $100m Gas Turbine Plant

Electricity: Nigeria To Get $100m Gas Turbine Plant

🕔06:55, 19.May 2017

  The demand for gas to help solve the power problem in the country has been noticed by foreign investors, General Electric(GE) who have willingly opted to come into the issue by investing more in the country. According to reports,

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CBN Approves More Items For Forex

CBN Approves More Items For Forex

🕔10:56, 18.May 2017

  A new list of more items has been duly considered by the Central Bank of Nigeria(CBN) to source Foreign exchange(Forex) from the market as intervention to salvage the naira continues. The list which was sent on Wednesday, May 17,

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$1.2bn debt: Etisalat Gets Lifeline

$1.2bn debt: Etisalat Gets Lifeline

🕔05:52, 17.May 2017

Etisalat Abu Dhabi, has moved to save its sister company in Nigeria from folding up, after agrreing to inject some funds to recapitaise its subsidiary. This is as the Nigerian Communications Commission, (NCC), the Central Bank of Nigeria (CBN), 13

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Chad Basin Oil Exploration Suffers Setback

Chad Basin Oil Exploration Suffers Setback

🕔07:13, 16.May 2017

The search for oil in the Chad Basin has suffered a setback following the renewed activities of Boko Haram insurgents in the area. The Nigerian National Petroleum Corporation(NNPC) therefore announced that it would put a halt to oil exploration and

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PenCom Adopts New Investment Regulations

PenCom Adopts New Investment Regulations

🕔06:50, 15.May 2017

  In view of promoting its services to retirees, the National Pension Commission has adopted a new regulation of investment of pension funds for fund administrators. The newly adopted regulation allows for a multi-fund structure for the Retirement Savings Account

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OPEC: Nigeria Records Highest Increase In Production

OPEC: Nigeria Records Highest Increase In Production

🕔07:22, 12.May 2017

The days of lamenting the economic crisis Nigeria is faced with as a result of the decrease in oil price might be over after the incredible rise in crude oil production. Last month’s analysis shows that Nigeria recorded an increase

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