FG Has Not Foreclosed Foreign Loans, Eurobond Issuance

The Debt Management Office (DMO) Thursday stated that the federal government has not foreclosed the possibility of issuing Eurobonds as part of its external borrowing plan for 2019. The 2019 budget with a deficit of N1.92 trillion. Click here for more.

Economy still fragile, MAN tells Buhari

The Manufacturers Association of Nigeria told President Muhammadu Buhari on Wednesday that the country’s economy remained “fragile”, much as it appreciated his commitment to perform better in his second term in office. Click here for more.

FG Nets N3.7tr Against CBN In Five Year Operations

According to a financial transactions obtained from the apex bank, government was the net creditor of CBN in 2014, 2015 and 2017 with values worth N2.14 trillion, N1.65 trillion and N360 million, respectively, totalling N4.15 trillion cumulatively. Click here for more.

NSEASI Dips Further By -0.15% As Sell Pressure Persists

Equities market closed today on a negative note, as NSEASI depreciated by 0.15% to close at 29,772.72 points as against 0.39% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -5.27%. Click here for more.

CBN Again Injects $210m Into Forex Market

The Central Bank of Nigeria (CBN) has again injected the sum of $210 million into the inter-bank Foreign Exchange Market. Figures obtained from the CBN on Tuesday, June 18, 2019, indicated that authorized dealers in the wholesale segment of the market were offered the sum of $100million. Click here for more.

Otedola sells shares in Forte Oil’s fuel, upstream businesses

The Chairman of Forte Oil Plc, Mr Femi Otedola, has announced the completion of the sale of all his shares in the firm’s downstream and upstream businesses. Forte Oil had disclosed on December 24, 2018, the divestment by its majority shareholder, with Otedola saying he had reached an agreement with the Prudent Energy team. Click here for more.

Dangote says Nigeria loses 300,000 MT of sugar to smuggling every year

Nigeria is losing as much as 300,000 metric tonnes of sugar to smugglers every year, according to Africa’s richest man and the Chairman of Dangote Sugar Refinery Plc Alhaji Aliko Dangote. The business mogul disclosed this at the 13th Annual General Meeting of the company held on Tuesday in Lagos. Click here for more.

Cost-Reflective Tariff Coming’

A Cost-reflective tarrif is coming in the power sector as the new metering scheme, introduced by the Federal Government, gets underway, the  Nigerian Electricity Regulatory Commission(NERC) Chairman, Prof James Momoh, has said. Click here for more.

Nigeria received capital inflows worth of $33.27 billion in 17 months

The Central Bank of Nigeria (CBN), has revealed that Nigeria attracted total capital inflows worth $33.27 billion in the past seventeen months. A breakdown shows that the country’s Foreign Direct Investment (FDI) constitutes 33% (about $10.65 billion) of the total capital inflow for the period under review. Click here for more.

Corporate Governance Key To Organisational Success –IoD

The outgoing President/Chairman of Council, Institute of Directors Nigeria, Alhaji Ahmed Mohammed, has said that ethical culture and integrity, which are foundational principles of good corporate governance. Click here for more.

U.S. Warns British Firms Not to Use Huawei’s Wireless 5G Gear

U.K. wireless carriers building fifth-generation networks with Huawei Technologies Co. equipment will shortly be stymied by a U.S. export ban on key components, according to the official leading Washington’s campaign against the company. Click here for more.