Nigeria’s Stock Market Sheds $2bn in May as Investors Weigh Options
The rally witnessed in Nigeria’s equities market in April was halted in May as rising yields in the fixed income securities market reduced demand by investors. Owing to this, the
The rally witnessed in Nigeria’s equities market in April was halted in May as rising yields in the fixed income securities market reduced demand by investors. Owing to this, the
Oil production output by the Organisation of Petroleum Exporting Countries (OPEC) rose in May as the group agreed to ease supply curbs under a pact with allies, but was dampened
The Nigerian National Petroleum Corporation (NNPC) on Monday unfolded plans to acquire shares in five more private refineries in Nigeria, bringing to six its interests in refineries it is targeting.
Nigeria’s Department of Petroleum Resources (DPR) on Monday concluded the 2020 marginal oilfield bid round, the first successful bid since 2003 when 24 assets were put on offer. The process,
Nigeria’s Department of Petroleum Resources (DPR) on Saturday announced that it had concluded arrangements to issue award letters to successful investors in the 2020 marginal field bid round programme. In
The Chinese Ambassador to Nigeria, Mr. Cui Jianchun, and Minister of State, Petroleum Resources, Mr. Timipre Sylva, on Thursday met in Abuja, with both countries agreeing that there’s no row
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, declared that N35 trillion (about $85bn) investment in infrastructure is required for the economy to post a double-digit
French oil and gas group Total and US energy company Chevron have suspended some payments from a gas joint venture that would have reached Myanmar’s junta, earning praise from pro-democracy
The Nigerian National Petroleum Corporation (NNPC) has expressed interest in purchasing a 20 per cent minority equity stake in Dangote Refinery, Lagos, reputed to be Africa’s biggest oil refining facility
Rolake Rosiji is the Chief Executive Officer of Jobberman and notes that helping young Nigerians get employment should first commence at the skills level. In this conversation with ARISE News,
The Chairman of the United Bank for Africa (UBA) and Founder of the Tony Elumelu Foundation (TEF), Mr. Tony Elumelu, tuesday urged governments and business leaders in Africa to prioritise
Analysts on Sunday urged the federal government to continue to develop policies to attract investments to Nigeria and to sustain targeted interventions in order for the country to sustain its
Arise Business Analyst Chika Mbonu spoke to the Global Business Report about President Buhari appealing to European nations to restructure the debt obligations of African nations due to the impact
Folarin Adedeji, Portfolio Manager with Afrinvest Asset Management, spoke to the Global Business Report about the Federal Government of Nigeria’s plans to float a National carrier by the first quarter
Ayodeji Ebo, Head of Retail Investments at Chapel Hill Denham, spoke to the Global Business Report about the Nigerian Governors Forum accepting a report from an El-Rufai-led committee on deregulation
Financial analysts and the organised private sector on Tuesday expressed mixed feelings over Nigeria’s rising public debt following a fresh request by President Muhammadu Buhari to the National Assembly to
Bismarck Rewane, a member of the Presidential Economic Advisory Council, and Managing Director and Chief Executive Officer at Financial Derivatives Company Limited shares his thoughts on inflation, subsidies and many
The Governor of the Central bank of Nigeria, Godwin Emefiele, was in the Southwestern state of Ekiti to unveil the Ekiti State rice pyramid project and the launch of
Bismark Rewane, a member of Nigeria’s Presidential Economic Advisory Council says the country’s economy remains in a fragile state and needs stimulus in the form of loans, justifying President Muhammadu
China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading. It was China’s latest attempt to clamp down
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