BUSINESS

NSE Market Capitalisation Inches N218bn On Rates Retention Anticipation

Daily Dispatch July 24, 2017

Activities on the Nigerian Stock Exchange (NSE) opened for the week on Monday on a bullish trend with the market capitalisation appreciating by N218 billion. The News Agency of Nigeria (NAN) reports that the market capitalisation, which opened at N11.725 trillion, inched N218 billion or 1.86

BUSINESS

Nigeria will not exceed oil production – Barkindo

Daily Dispatch July 24, 2017

OPEC Secretary-General Mohammad Barkindo said on Monday Nigeria has no intention of going beyond its oil production target of 1.8 million barrels per day (bpd) until the end of March 2018. Barkindo made this known at the opening of the fourth Joint OPEC-non-OPEC Ministerial Monitoring Committee (JMMC) in St. Petersburg, Russia. He also said Libya […]

BUSINESS

OPEC pledges support for Nigerian oil output recovery

Daily Dispatch July 24, 2017

Saudi Energy Minister Khalid al-Falih said Monday that OPEC 10 other major oil producers remained supportive of conflict-torn Libya and Nigeria as they attempt to recover and increase crude production. OPEC and some non-OPEC states including Russia agreed in 2016 to cut production by 1.8 million barrels per day (bpd) in a deal that has […]

BUSINESS

BUA Group, Virgin Mobile and Vodacom seeking to buy former Etisalat Nigeria

Daily Dispatch July 23, 2017

Three companies BUA Group, Virgin Mobile from the United Kingdom and Vodacom of South Africa have shown strong interest in 9Mobile, formerly Etisalat Nigeria. A few others have also signified interest to takeover 9Mobile which still enjoys large patronage and loyalty despite its crisis. DAILY POST gathered that the number one item on negotiations with […]

BUSINESS

UK to invest in Nigeria’s energy sector

Daily Dispatch July 23, 2017

Britain has expressed its readiness to invest in pipeline infrastructure, renewable energy, gas and power of the Nigerian Oil and Gas Industry. British High Commissioner, Mr. Paul Arkwright, made this promise when the Group General Manager, Group Public Affairs of the Nigerian National Petroleum Corporation, Mr. Ndu Ughamadu, visited the Chancery of British High Commission

BUSINESS

CBN will continue to ensure the best is achieved for the country’s economy-Emefiele

Daily Dispatch July 22, 2017

Godwin Emefiele, the Governor of the Central Bank of Nigeria, said the apex bank will continue to review its polices to ensure that the best is achieved for the country’s economy. Emefiele said this in Nsukka, Enugu State on Saturday in a lecture titled: “The Dilemma of Monetary Policy and Exchange Rate Management in a […]