Cardoso, Oyedele sign Monetary-Fiscal policy coordination MOU
By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) and the Federal Ministry of Finance have signed a Memorandum of Understanding (MOU) on Monetary-Fiscal Policy Coordination to strengthen their partnership in the pursuit of stronger macroeconomic management, lasting economic stability and sustainable prosperity for all Nigerians. The Governor of the CBN, Mr. […]
Naira appreciates to N360.21/$ in I&E
The Naira Wednesday appreciated to N360.21 per dollar in the Investors and Exporters (I&E) window of the foreign exchange market.
Oil, Gas Investment: Local, foreign investors consider opportunities in Nigeria
With over 36 billion barrels and 192 trillion standard cubic feet of oil and gas respectively, Nigeria stands tall as a leading petroleum giant, with many viable and feasible opportunities in Africa. Investigations by Sweetcrude showed that in the upstream, investment opportunities exist in the exploration and production of crude oil and condensates.
Oil firms flare N276bn in 11 months
Nigeria lost $767.13 million, about N276.167 billion to gas flaring in eleven months, between January and November 2017, as oil and gas firms operating in the country flared 255.71 billion standard cubic (SCF) feet of gas.
Panic as Nigeria records drop in rig count
There are indications that crude oil production may have decreased as Nigeria’s rig count for the month of December 2017 showed a slight fall to 28 as against 29 recorded in the month of November, data from the Organisation of Petroleum Exporting Countries, OPEC, showed.
Nigerian Stock Exchange: Investors lose N122bn as 40 equities decline
The downward movement in the equities market continued into the third day today in the week as investors lose another N122 billion spiked by depreciation in the price of 40 companies.
