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Central Bank of Nigeria cuts the Monetary Policy Rate (MPR) to 11.5%. The Nigerian Stock Exchange (NSE) records N28.8 billion gain showing a positive performance with the All-Share Index advancing from 31bps to 25,654.90 points. Fresh concerns arise over contract secrecy in Nigeria’s oil and gas sector. The Nigerian Maritime […]
Federal Government mandates all account holders in financial institutions to re-register despite BVN. Electricity consumers to pay N417.09bn in 4 months from September to December. The Nigerian Electricity Regulatory Commission says the outstanding electricity bills of landlords cannot be forced on new tenants. The Nigerian National Petroleum Corporation (NNPC) states […]
Buhari waives 35% tax on imported meters for one year while 6 million power users on queue to get FBU electricity meters. Sharp growth in fishing sub-sector GDP. Edo Refinery and Petrochemical Company Limited (ERPC) applies to NNPC for crude supply. Timipre Sylva says; ”The proposed PIB will create sustainability […]
Naira falls by 108% against West African CFA. Polaris Bank MD/CEO announces his retirement effective from August 31st, 2020. FG approves new oil and gas free zone for Akwa Ibom State. Securities and Exchange Commission (SEC) prioritizes investors protection. ”Inconsistent government policies frustrates investments in oil sector” – says Total […]
AMCON takes over Northrich assets over N500m debt. Revenue loss due to commercialization of evacuation flights. NPDC largest producer of gas in Nigeria – says Kyari. South-South looses Foreign investors as oil runs dry. Airbnb, Home Rental Company set to go public, file IPO. Nigeria and Russia tach up economic […]
