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Category: Economy

Economy News

Diezani forfeits $153m to FG

Iheanyi Ejiofor January 7, 2017

Chidi Samuel with Agency report  Diezani Alison-Madueke, the former Minister of Petroleum resources temporarily forfeited  $153.3 million  to the Nigerian government Friday, sequel to an order by a Federal High Court…

Read More Diezani forfeits $153m to FG
Business Economy

CBN sells N173b T-Bills, fixed income securities’ yields rise

Iheanyi Ejiofor January 6, 2017

The Central Bank of Nigeria (CBN) has sold N172.85 billion ($550 million) at its first treasury bill (T-Bills) auction of the year with yields unchanged from the previous auction, held…

Read More CBN sells N173b T-Bills, fixed income securities’ yields rise
Business Economy

Dangote tomato factory to resume production February

Iheanyi Ejiofor January 4, 2017

The Dangote Tomato Processing Factor in Kadawa, Kura Local Government Area of Kano State is to resume production in February. The Managing Director of the company, Abdulkadir Kaita, disclosed this…

Read More Dangote tomato factory to resume production February
Business Economy

Master Energy, 38 others listed by NNPC to lift and trade oil in 2017

Iheanyi Ejiofor January 4, 2017

Chidi Samuel The Nigeria National Petroleum Cooperation (NNPC) on Tuesday released the names of 39 companies qualified to lift and trade Nigeria’s oil for the 2017 crude oil term contract.…

Read More Master Energy, 38 others listed by NNPC to lift and trade oil in 2017
Business Economy

Naira stabilises at N490 to dollar

Iheanyi Ejiofor January 3, 2017

The Naira on Tuesday stabilised at N490 to a dollar at the parallel market in spite of speculations that it would depreciate to N500 to a dollar by the end…

Read More Naira stabilises at N490 to dollar

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