archiveJuly 31, 2017

*Acting President receives African Union’s Peace & Security Council in Abuja Acting President, Yemi Osinbajo, (SAN) has said that Nigeria and countries in the Lake Chad Basin have worked together very well dealing with the terrorist insurgency in the region and the consequent humanitarian crisis. Prof. Osinbajo spoke earlier on...

The Federal Government has said it relies heavily on the Dangote refinery to fulfil its promise to Nigerians to end fuel importation by December 2019. To this end, the Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, who visited the Dangote oil Refinery site at Lekki Free Trade Zone,...

Nigeria's foreign exchange reserves had risen to an almost three-month high of $30.74 billion by July 27, latest Central Bank of Nigeria (CBN) data showed on Monday. Nigeria's dollar reserves grew 1.62 per cent from a month earlier. The bank did not provide a reason for the increase. Reserves have...

The Nigerian Stock Exchange opened the week on negative trend, obviously as a result of profit taking by the investors on the Exchange as the market All-Share Index and the Market Capitalization decreased by 2.77 per cent, while the year-to-date return stood at 33.37 per cent. The All-Share Index closed...

Dangote Cement, Africa’s largest cement producer, has announced its unaudited results for the six months ended 30th June 2017, posting a 12.6 per cent increase in sales volume across Africa. Its financials released on the floor of the Nigerian Stock Exchange indicated that the increase in sales volume showed a...

Minister of Budget and National Planning, Senator Udoma Udo Udoma has said that the Federal Government was aware of the diminishing long-term prospects of crude oil, explaining that this was why it was imperative to maximise the use and exploitation of the nation’s petroleum resources now. Udoma said this at...

Diamond Bank Plc has reported N10.8 billion profit- before- tax in its half-year result for the period ended June 30, 2017. The half-year result of the bank released on The Nigerian Stock Exchange (NSE) at the weekend showcase that it achieved growth in core financial parameters for the period in...

Guaranty Trust Bank Plc has marked 10th year anniversary of its listing on the London Stock Exchange (LSE) The Bank became the first Nigerian bank to list on the LSE and the first Nigerian company to raise international capital using listed Global Depositary Receipts. To mark the 10th anniversary of...

Oil price hit a two-month high on Monday lifted by a tightening US crude market and the threat of sanctions against OPEC-member Venezuela. Brent crude futures were 52.90 dollars per barrel earlier in the day, their highest since May 25. U.S. West Texas Intermediate (WTI) futures were up 16 cents...