Tag - OPEC

  FG owes oil firms N2.6tn in cash calls FG to recover N450bn from CBN, PTDA, SEC, others Lagos to get oil derivation fund from Dec Demand for automobiles drops by 37.5% – NADDC Come up with PPP projects, FG tells MDAs Heritage Bank is not distressed, says CBN World Bank support for Nigeria’s agriculture …

PUNCH Oil slump: Buhari meets IMF boss, Lagarde today The Managing Director, International Monetary Fund, Ms Christine Lagarde, on Monday arrived Abuja on a four-day working visit and has been scheduled to meet President Muhammadu Buhari to discuss some of the challenges facing the Nigerian economy.[Read More…] Labour ministry alerts Nigerians to recruitment scam The Federal …

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 …

THISDAY Nigeria, Global Good Fund Partner on Technological Solutions in Agriculture, Health Sectors The federal government and the Global Good Fund co-founded by US billionaire, Bill Gates, on Wednesday in Abuja signed a Memorandum of Understanding (MoU).[Read More…] World Bank Supports Transformation of Nigerian Capital Market The Vice-President and Treasurer of the World Bank, Ms. Arunma …

  PUNCH Naira hits 242 as CBN cuts dollar supply The naira fell to 242 against the United States dollar at the parallel market on Monday after the Central Bank of Nigeria cut dollar supply to Bureaux de Change operators in a bid to conserve the external reserves.​[Read More…] DMO, NSE want more Nigerians to invest …

  PUNCH Nigeria plans $25bn fund to stave off recession The country plans to create a $25bn fund with public and private financing to modernise infrastructure and avoid a recession, Vice President Yemi Osinbajo has said.[Read More…] Bond yields rise as liquidity thins The nation’s overnight lending rates and yields on long-term bonds rose on …

PUNCH SMEs can’t access N520bn CBN fund – MAN The Manufacturers Association of Nigeria has lamented the inability of Small and Medium-scale Enterprises in the South-East and South-South to access the N520bn provided by the Central Bank of Nigeria to boost small businesses in the country.[Read More…] N33.8bn debt: Nigeria gives Ghana February ultimatum Nigerian …

THIS DAY Agricultural Investment Risks, Opportunity for Insurance Industry Managing Director of Nigerian Agricultural Insurance Corporation (NAIC) Mr. Bode Opadokun has said that  the  apparent increase in agricultural investments in Nigeria with attendant rise in risks across the entire agricultural value chain has opened up a big window of opportunity for the insurance industry to …

THISDAY CBN Adjusts Forex Peg to N196.98/$1 The Central Bank of Nigeria (CBN) strengthened its exchange rate peg slightly to N196.98 against the dollar on the interbank market on Monday, from N197 to a dollar it set last week, traders said.[Read More…] Nigeria May Curtail Ghana Natural Gas Supply Over Debts Nigeria may curb the …