Tag - nnpc

  Inflation hits 94-month high at 18.3% Domestic Debt: FG to Issue Promissory Notes to Contractors in 2017 2017 budget: Recovered loot to part-fund N2.69tn deficit Senate opposes cancellation of power privatisation Nigeria Needs Oil Sector’s Contribution To Diversify Economy – Osinbajo NNPC earns $181m from oil, gas export in one month Seven Energy, FG …

PUNCH CBN to release flexible exchange rate policy today The new flexible exchange rate policy will be released today (Wednesday), the Acting Director, Corporate Communications of the Central of Bank of Nigeria, Mr. Isaac Okoroafor, has said.The CBN’ Monetary Policy Committee had on May 24 risen from its bi-monthly meeting and announced plans to adopt …

  THE GUARDIAN Nigeria requires N5.7tr investment to recoup losses from oil production slide Unless the Federal Government and investors in the nation’s oil and gas sector invest about $29 billion (about N5.7 trillion) between now and 2019, the country’s crude oil production may decline from its present state of two million to 300,000 barrels …

LEADERSHIP NASS Debates, Passes 2016 Budget Today After bouts of buckpassing on alleged errors in the 2016 budget estimates, the Senate is set to pass its version of the Appropriations Bill, before proceeding on its Easter recess.[Read More…] THISDAY NBS: Unemployment Rate Rises to 10.4% in Fourth Quarter The unemployment rate in the country has climbed …

  THE GUARDIAN NNPC workers suspend strike It was with huge relief that Nigerians yesterday received news that the strike embarked upon by the Nigerian National Petroleum Corporation (NNPC) workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) …

PUNCH Nigeria, others need to boost refining capacity – OPEC The Organisation of Petroleum Exporting Countries has highlighted the need for more refining facilities in Nigeria and other African countries to meet their growing demand for petroleum products.[Read More…] Reduce $38 oil benchmark, TUC tells FG The Trade Union Congress of Nigeria, Rivers State Council, has …

  PUNCH Firm to build refineries in Lagos, Ondo Ode-Aye Refinery Limited has concluded plans to establish Greenfield and modular refineries in the country in the next 18 months.[Read More…] Nigeria can raise funds to finance budget – DMO The Debt Management Office has reassured Nigerians that the country is in a strong position to raise …

  PUNCH CBN at loggerheads with FRC over Stanbic IBTC The Central Bank of Nigeria on Tuesday faulted the regulatory decisions taken by the Financial Reporting Council of Nigeria against Stanbic IBTC Holdings Plc.[Read More…] Exchange probes Oando after record loss The Nigerian Stock Exchange has invited Oando Plc’s audit committee and its external auditors as …

  PUNCH N1.04tn fine: Jo’burg Exchange suspends MTN shares • Presidency, NCC may reduce fine South Africa’s bourse briefly suspended trading in the shares of the MTN Group on Monday, after the stock fell as much as eight per cent as Africa’s largest mobile telecoms operator battles to reduce a $5.2bn (N1.04tn) fine it faces …

  PUNCH CBN adjusts exchange rate peg again The Central Bank of Nigeria weakened its exchange rate peg to N197 against the dollar on the interbank market on Friday, down from N196.97, Reuters reported quoting foreign exchange dealers.[Read More…] Stanbic, First Bank, UBA shed N90.6bn after sanctions Stanbic IBTC Holdings Plc, FBN Holdings Plc and United …