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Lagos, NG
Tuesday, January 16, 2018

CBN injects $210million into Foreign Exchange Market

The Central Bank of Nigeria (CBN) has injected another 210 million dollars into the inter-bank Foreign Exchange Market to meet customers’ requests in various...

NNPC begins enforcement of N133.28 ex-depot petrol price

The Nigerian National Petroleum Corporation, NNPC, yesterday, said it has deployed more of its depots and other throughput facilities to enforce the N133.28 per...

Price of brent crude oil rises to $70 on output cuts

The price of brent crude oil rose to 70 dollars a barrel on Monday, supported by ongoing output cuts led by OPEC and Russia,...

Vitafoam’s N2billion facility to lessen short-term borrowing, others

Vitafoam Nigeria Plc has said the four-year N2billion soft loan secured from the Bank of Industry (BOI), would reduce the burden associated with short-term...

UN appoints Adeosun into Pension Fund’s Investments Committee

The United Nations has appointed Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, into the Investments Committee of the United Nations Joint Staff Pension Fund. A...

Forex market: CBN continues intervention with $262.5m

The Central Bank of Nigeria (CBN) on Friday intervened in the inter-bank Foreign Exchange Market with 262.5 million dollars. Data obtained from the CBN in...

Asian markets mostly higher as Hong Kong extends record run

Most Asian markets resumed their positive start to the year on Friday with Hong Kong extending its record run to 14 days while the...

9mobile gets deadline for closure of takeover bids

Nigerian regulators have set a January 16 deadline for receipt of binding offers from prospective bidders to acquire debt-laden telecom firm, 9mobile, the telecoms...

Forbes names Dangote richest man in Africa for 7 consecutive years

For the seventh year in a row, president and chief executive of Dangote Industries Limited, Aliko Dangote was adjudged as the richest man in...

Federal Government to support indigenous meter manufacturers – Babatunde Fashola

The Minister of Power, Works and Housing, Mr Babatunde Fashola, on Thursday, said the Federal Government had concluded plans to involve more Nigerians in...