Petroleum Sector to Get $70bn Investment From China The Minister of State for Petroleum, Dr Ibe Kachikwu, on Wednesday said Chinese private sector companies had pledged...
NSE Capitalisation Dips by N92bn in One Day The market capitalisation of the Nigerian Stock Exchange dropped by N92bn at the close of trading on the...
NNPC to Produce Diesel From Crops The Nigerian National Petroleum Corporation on Wednesday announced that it had commenced the integration of biofuels production from selected energy...
Bad Loans Rising, Dollar Scarcity to Continue The scarcity of foreign exchange will remain challenging in the second half of 2016 due to low oil prices,...
Dollar Shortage: Erisco to Suspend Operations Threatens to fire 1,500 workers About 1,500 employees of a Lagos-based tomato paste manufacturer, Erisco Foods Limited, are set to...
Nigeria’s Economic Crisis May Spill to West Africa The International Monetary Fund has warned that the current economic crisis in Nigeria may spill over to the...
Dollar Rises on U.S. Rate Speculation The dollar climbed for a seventh day against the yen and held near a two-week high versus its major peers...
CBN Disburses N366.39b for 465 Agricultural Projects As part of its economic empowerment agenda, the Central Bank of Nigeria, CBN, said it has disbursed a total...
GSK Nigeria Completes Divestment of Drinks Bottling Business Glaxosmithkline Consumer Nigeria Plc has completed the divestment of its drinks bottling and distribution business to Suntory Beverage...
Africa Private Equity Funds Hit N500tr in First Half Africa private equity funds achieved a final close of $1.1 trillion, about N500 trillion, in the first...