NNPC JVCs depleting foreign reserves, CBN governor
THE governor of the Central Bank, Mallam Sanusi Lamido Sanusi, says some Joint Venture Cash Calls, JVCs, agreements entered into by the Nigeria National Petroleum Corporation (NNPC) with international oil companies (IOCs) was responsible for the fast decline in the nation’s foreign reserves.
Don’t draw down on excess crude account for election campaigns, Fiscal Responsibility Commission boss
Alhaji Aliyu Jibril Yelwa is the Chairman of the Fiscal Responsibility Commission the body established in 2007 to address issues around prudent utilisation of resources through a more transparent management of the nation’s wealth.
Conoil promises improved profitability for 2009 financial year
As petroleum products marketing companies battle the tough challenges in the downstream oil sector, there are strong indications that Conoil Plc is set to excite its shareholders with its 2009 financials.
Equities’ value on NSE appreciates by N70bn
The upward trend in the Nigerian capital market continued last week, as investors recorded N69.8 billion improvement on their investments on the Nigerian Stock Exchange (NSE).
Skye Bank opens subsidiary in Guinea
Skye Bank Plc has further expanded its operations across the continent of Africa, as it announced the opening of a branch in Republic of Guinea.
MFB operators set agenda for NAMB leadership
Barely two weeks after the general elections of the harmonized National Association for Microfinance Banks (NAMB), operators of microfinance banks have set agenda for the national executive. On 12th November, 2009 the two erstwhile associations in the microfinance banks (MFB) sector harmonized to form the National Association of Microfinance Banks, which was witnessed by officials of the Central Bank of Nigeria, CBN.
