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BUSINESS

The naira exchanged to the dollar at 503 at the parallel market on Friday according to the Bureau de Change operators.

The naira exchanged to the dollar at 503 at the parallel market on Friday according to the Bureau de Change operators.   Figures obtained from naijbdcs.com, the official website for the licensed BDCs by the Central Bank of Nigeria showed that the naira was bought and sold for 502 and 503.5.   The naira had earlier traded at 504/$ early in July.   At the Investors & Exporter forex window, […]

todayJuly 26, 2021

BUSINESS

Ahead of the two-day Monetary Policy Committee meeting starting on Monday, a financial expert has said the Central Bank of Nigeria is expected to retain the Monetary Policy Rate.

Ahead of the two-day Monetary Policy Committee meeting starting on Monday, a financial expert has said the Central Bank of Nigeria is expected to retain the Monetary Policy Rate. The CBN had at its meeting in May retained the MPR at 11.5 per cent, the Cash Reserve Ratio and Liquidity Ratio at 27.5 per cent and 30 per cent respectively. Speaking with reporters a former President, Association of National Accountants […]

todayJuly 26, 2021

BUSINESS

Stock trading on the floor of the Nigerian Exchange Limited rallied with a total gain of N375.50bn last week despite the lower trade volume occasioned by the public holidays on Tuesday and Wednesday.

Stock trading on the floor of the Nigerian Exchange Limited rallied with a total gain of N375.50bn last week despite the lower trade volume occasioned by the public holidays on Tuesday and Wednesday. The NGX All-Share Index closed 1.90 per cent higher to 38,667.90 basis points on Friday from 37,947.18bps the previous week, while the market capitalization rose to N20.15tn from N19.77tn. Investors’ trading volumes dropped by 11.27 per cent […]

todayJuly 26, 2021

BUSINESS

The Federal Government has extended the deadline for NIN-SIM data verification to October 31.

The Federal Government has extended the deadline for NIN-SIM data verification to October 31. This was contained in a joint statement signed by the Director of Public Affairs of the Nigerian Communications Commission, Dr Ikechukwu Adinde, and the Head, Corporate Communications at Nigeria Identity Management Commission, Mr Kayode Adegoke issued on Saturday. According to the statement, the extension was due to a request by stakeholders to ensure that the registration […]

todayJuly 26, 2021

BUSINESS

Nollywood actress, Iyabo Ojo has appreciated critics for making her more famous.

Nollywood actress, Iyabo Ojo has appreciated critics for making her more famous. In an Instagram post, the movie star was full of thanks for those who continuously defame her at every point. According to Iyabo Ojo, their constant hate has brought her fame. The mother of two further stated she would be showing proper appreciation to them by organising a giveaway even though she has blocked most of them on […]

todayJuly 22, 2021 1

BUSINESS

The $1.5bn rehabilitation of the Port Harcourt Refining Company has commenced in full and part of the facility will start delivering refined products by September next year, the Nigerian National Petroleum Corporation has said.

The $1.5bn rehabilitation of the Port Harcourt Refining Company has commenced in full and part of the facility will start delivering refined products by September next year, the Nigerian National Petroleum Corporation has said.   NNPC officially signed the contract with Tecnimont SPA for the $1.5bn rehabilitation programme of PHRC on April 6th and parties in the agreement announced the commencement of the project.   Speaking on Tuesday on the […]

todayJuly 21, 2021 3

BUSINESS

Nigeria is to ramp up crude oil production following the agreement reached by members and allies of the Organisation of Petroleum Exporting Countries to increase output.

Nigeria is to ramp up crude oil production following the agreement reached by members and allies of the Organisation of Petroleum Exporting Countries to increase output. OPEC and its allies had agreed on Sunday to adjust crude oil production upwards by 400,000 barrels per day. It disclosed this in its Declaration of Cooperation resolutions reached at the 19th OPEC and Non-OPEC Ministerial Meeting held virtually. On decisions agreed upon by […]

todayJuly 21, 2021

BUSINESS

President Muhammadu Buhari has said the vision of lifting 100 million Nigerians out of the poverty circle within 10years is still visible.

President Muhammadu Buhari has said the vision of lifting 100 million Nigerians out of the poverty circle within 10years is still visible. Voting the optimism on Monday in Zhuduje-Daura, Katsina State, President Buhari said this can be achieved with more synergy between government and the people as well as diligence in diversifying the nation's economy. The president who commissioned the first national agriculture and land development authority integrated farmstead in […]

todayJuly 20, 2021 2

BUSINESS

The National Bureau of Statistics (NBS) says the average price per litre paid by consumers for National Household Kerosene increased to N370.29 in June from N363.50 in May.

The National Bureau of Statistics (NBS) says the average price per litre paid by consumers for National Household Kerosene increased to N370.29 in June from N363.50 in May.   The bureau said this in its National Household Kerosene Price Watch June 2021, obtained from its website on Saturday in Abuja. The NBS said the price of kerosene increased by 1.87 percent month-on-month and by 10.84% year-on-year in the period under […]

todayJuly 19, 2021 2

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