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Category: Economy

Business Economy headline

Nigeria seeks to amend deep offshore oil act to raise crude revenue

Iheanyi Ejiofor December 13, 2017 headline

Emeka Ejere || Nigeria is seeking to amend a law on deep offshore oil exploration and drilling, aiming to increase government revenue from crude sales when prices exceed $20 a…

Read More Nigeria seeks to amend deep offshore oil act to raise crude revenue
Business Economy

Investors concerned about Nigeria controls, but not giving up – IMF

Iheanyi Ejiofor December 13, 2017 headline

Emeka Ejere || Worries about repatriating funds out of Nigeria following currency controls last year still dominates investor fears, the International Monetary Fund (IMF) said on Wednesday. But it added…

Read More Investors concerned about Nigeria controls, but not giving up – IMF
Business Economy

News Analysis: Unfazed by OPEC, Nigeria, Libya seek to boost oil output

Iheanyi Ejiofor December 12, 2017 headline

Emeka Ejere || Less than two weeks after OPEC’s decision to extend oil production cuts, Libya and Nigeria – the only two exempt members of the group – are signalling…

Read More News Analysis: Unfazed by OPEC, Nigeria, Libya seek to boost oil output
Business Economy

Forex Market gets another $210m boost from CBN

Iheanyi Ejiofor December 12, 2017 headline

The interbank window of Nigeria’s Foreign Exchange market on Tuesday, December 12, 2017, received yet another boost of $210,000,000.00 from the Central Bank of Nigeria (CBN). According to figures obtained…

Read More Forex Market gets another $210m boost from CBN
Business Economy

Ambode proposes N1.046tr for Lagos

Iheanyi Ejiofor December 12, 2017 headline

Ebun Francis || Lagos State Governor Akinwunmi Ambode on Monday presented N1.046 trillion as 2017 Appropriation Bill to the House of Assembly for consideration. Christened: “Budget of Progress and Development”,…

Read More Ambode proposes N1.046tr for Lagos

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