Business

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Oando foresees 2.2 million bpd oil output by June

Chief Executive Officer of Nigeria’s Oando says worst disruptions in oil-producing Delta region are over, and production could reach 2.2 million barrels per day...

CBN will sell dollars to clear demand backlog of FX for...

The Nigeria Central Bank is planning to sell an undisclosed amount of dollars to settle a backlog of foreign exchange demand for airlines, fuel...

Oxfam assists 245, 000 people with water, sanitation and hygiene kits

Nigeria's Oxfam, Programme Coordinator of Good Governance, Mr. Celestine Okwudili, confirmed that Oxfam has assisted 245,000 people in Nigeria with water, sanitation and hygiene kits.He...

NASS review laws to improve the ease of doing businesses in...

The National Assembly has begun moves to review all intervention and laws that had been geared in the last one year towards improving the...

S.Africa allows telecoms operators to keep broadband spectrum until 2028

Six South African telecom companies, including MTN Group and Vodacom, will be able to keep their in-demand broadband spectrum until their licences expire in...

‘Bonga produced 702m barrels of oil since inception’

Bonga oil field, operated by Shell Nigeria Exploration and Production Company (SNEPCo), has produced about 702 million barrels of oil since inauguration in 2005,...

Nigeria’s GDP contracts by ‘-0.52 per cent’ – NBS

The nation's Gross Domestic Product (GDP) in a report by the National Bureau of Statistics (NBS), showed a contraction of -0.52 per cent (year-on-year) in real...

CBN retains MPR, interest rate at 14 per cent

The Central Bank of Nigeria (CBN) yesterday kept its Monetary Policy Rate (MPR), its base interest rate, at 14 per cent.CBN Governor Godwin Emiefele,...

CBN injects $186.5m into Invisible, wholesale SMIS

The Central Bank of Nigeria (CBN) yesterday injected $186.5million into the invisible and the whole Wholesale Secondary Market Intervention Sales (SMIS) segments of the...

Shell expresses interest in Deepwater, Nigeria

Shell Petroleum Development Company, SPDC has expressed commitment to invest in Deepwater oil and gas exploration in Nigeria and other parts of the world.The...

Minister tasks Customs on 0.2% import levy implementation

Nigeria Minister of Finance Mrs. Kemi Adeosun, on Tuesday, tasked the Director-Generals of Customs and African Union Commission to bring on board the issue...

S&P ‘B/B’ rating goes to UBA Plc; at par with the...

International Rating Agency, Standard and Poor’s (S&P) assigned its ‘B’ long term and ‘B’ short term global scale counterparty credit ratings to the United...

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