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TODAY’S BUSINESS NEWS BRIEF – Tuesday, November 1st, 2016

  PUNCH NNPC targets gas in 126 northern basins, others The Nigerian National Petroleum Corporation on Monday said that there was a need to expand the country’s gas exploration efforts in its sedimentary oil and gas basins in order to increase the product’s reserve.[Read More…] CBN warns against patronage of ‘wonder banks’ The Central Bank of …


BUSINESS NEWS BRIEF – Friday, July 1st, 2016

  PUNCH External reserves drop to $26.33bn The nation’s external reserves fell marginally to $26.33bn on June 29, down 0.30 per cent from a month ago, the Central Bank of Nigeria data showed on Thursday.The foreign exchange reserves stood at $26.42bn on May 27, down by 9.2 per cent year-to-year. [Read More…] Nigeria’s shea butter production …


BUSINESS NEWS BRIEF – Thursday, June 16th, 2016

  PUNCH Nigeria’s foreign debt rises by $7.18bn in 10 years Ten years after Nigeria’s historic exit from the Paris Club of Creditors, the country’s external debt balance has climbed to $10.72bn, up from $3.54bn, investigation has shown.The Federal Government had between 2005 and April 2007 paid over $15bn to exit from both the Paris …


BUSINESS NEWS BRIEF – Tuesday, June 14th, 2016

  THISDAY Adeosun, Finance Commissioners Meet Today on Fresh Bailout to States The Minister of Finance, Mrs. Kemi Adeosun, will tuesday meet with the 36 commissioners of finance to finalise discussions on a fresh bailout to their cash-strapped states.[Read More…] Power: Planned Transmission Repairs to Cut Supply by 300MW Nigeria’s meagre power generation and supply capacity …


BUSINESS NEWS BRIEF – Friday, April 1st, 2016

  THE GUARDIAN Petrol may sell for N88 per litre from today Amid the lingering fuel crisis in the country, there were indications yesterday from the Petroleum Products Pricing Regulatory Agency (PPPRA) that the product may be sold for N88 per litre at the Nigerian National Petroleum Corporation (NNPC) stations and N88.50 in other stations …


BUSINESS NEWS BRIEF – Wednesday, March 09, 2016

  THISDAY Nigeria’s GDP Slows to 2.11% in Fourth Quarter as Oil Sector Contracts Nigeria’s real Gross Domestic Product (GDP) growth rate declined to 2.11 per cent in the fourth quarter of last year compared to 2.84 per cent in the third quarter, according to the National Bureau of Statistics (NBS).[Read More…] FG, States Mull Retreat …



GUARDIAN FG to unbundle NNPC into 5 operational zones The Minister of State, Petroleum Resources, Dr Ibe Kachikwu, on Thursday said that a major overhaul of the Nigerian National Petroleum Corporation (NNPC) system would be announced in the next one week.[Read More…] PUNCH $20bn idle in Nigerians’ domiciliary accounts –CBN The Central Bank of Nigeria on …

fake richard mille
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