FG Generates N4.25trn in 2019 – Finance Minister
The Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed on Wednesday announced that the revenue performance prorated to third quarter of 2019 is 4.25 trillion. Click here for more.
Crude Oil Prices Rise After Bullish EIA Report
Oil prices recouped some of their losses on Wednesday after the Energy Information Administration reported a crude oil inventory draw for the week to December 13. The draw came in at 1.1 million barrels. Click here for more.
FG fails to complete 1,022 constituency projects in 2018
As the reality of the return of January to December in Nigeria’s budgeting cycle sets in, it is imperative to note that out of the 1,497 Constituency Projects earmarked for completion in 2018, by the Federal Government across the states, only 32 per cent (475) were completed. Click here for more.
Nigeria’s top 10 agricultural exports attract N206.16 billion in 9-month
Nigeria’s agricultural export sector experienced strong growth from January to September, 2019. The latest report released by the National Bureau of Statistics (NBS) shows that the nation’s top 10 agricultural exports attracted N206.16 billion by the end of September 2019. Click here for more.
Investors Gain N2.56bn As NSEASI Inches Up By 0.02% Amid Negative Market Breadth
Equities market closed yesterday on a positive note, as NSEASI appreciated by +0.02% to close at 26,665.73 points as against -0.13% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -15.16%. Click here for more.
CBN Issues Licences To 15 Mobile Money Operators
The Central Bank of Nigeria has issued licences to 15 mobile money operators as part of its drive towards increasing financial inclusion. To further address observed absence of a widespread agent network, and concentration of agents in the urban areas. Click here for more.
Banks earn N135.15bn from e-payments in nine months
The adoption of electronic channels for financial transactions has earned 10 deposit money banks about N135.15bn revenue in the first nine months of the year ended September 30. Analyses of the unaudited 2019 third quarter reports of 10 banks. Click here for more.
Forte Oil changes name to Ardova
Forte Oil Plc has announced a change of name of the company to Ardova Plc. In a notice filed at the Nigerian Stock Exchange on Wednesday, the company said the change of name was approved by its shareholders at an Extra-ordinary General Meeting, which held in Lagos on Tuesday. Click here for more.
PFAs miss offshore gains over presidential assent, forex restriction
Pension Fund Administrators (PFAs) in Nigeria are missing out on the opportunity to earn stronger returns on investment in permissible foreign assets as a result of two government policies that are hampering investment. The policy requiring PFAs to get presidential assent before they can invest a certain percentage of pension fund assets offshore as well. Click here for more.
Shift towards renewable energy gaining momentum, says LADOL
The Chairman of Lagos Deep Offshore Logistics, Mr Ladi Jadesimi, has said the shift towards cleaner sources of energy and renewables is gaining momentum. Jadesimi was quoted in a statement on Wednesday as saying that the share of crude oil in global energy consumption was declining. Click here for more.
Trump Impeached on Two Counts by House, Setting Up Senate Trial
The U.S. House of Representatives impeached President Donald Trump on charges of abuse of power and obstructing Congress, the culmination of an effort by Democrats that further inflamed partisan tensions in Washington and deepened the nation’s ideological divide. Click here for more.