Oil Output Hits 2.09m Barrels, As External Reserve Strikes 43.195bn Dollars

Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Dr. Maikanti Baru in a comprehensive end-of-year-message to staff of the agency, listed Nigerian Petroleum Development Company (NPDC), Nigerian Gas Company (NGC), Petroleum Products Marketing Company (PPMC), Duke Oil, NIDAS and Integrated Data Services Limited (IDSL) as the re-engineered companies of the NNPC.

Oil Price Slides To $53.82 As OPEC, Struggle To Stabilize Market

The crude oil price has crashed from $57.00 to $53.82 in the international market as the Organization of Petroleum Exporting Countries, (OPEC) and others struggle to achieve stability.

Daily Production by Amarava Rice Mill in Kano Hits 250 Tonnes

According to a revelation by a Kano-based Amarava Rice Mill, by June 2019 it will reach its target of 500 tonnes of daily production, just as it is now producing 250 tonnes daily to boost food-sufficiency.

The Federal government has advised the Nigerian Labour Congress (NLC) to reconsider the 31st December ultimatum issue over the prolonged disagreement between the organised labour and state government on the proposed minimum wage of N30, 000.

Experts Project’s Brighter Economy In 2019

In spite of increased risk and uncertainty abound naira exchange rate from further declining in the price of crude oil, which dropped below $50 per barrel last week, experts and consumers across the country anticipate the naira to appreciate in 2019.

The Vice President, Prof. Yemi Osinbajo, says the TraderMoni initiative under the Social Investment Programme was to uplift and boost the businesses of petty traders across the country. According to Vanguard, the Vice President stated this after inspection of Command Centre, where Tradermoni was being monitored and tracked at Bank of Industry (BOI) in Abuja on Thursday. 

Diamond Bank Appoints Acting Chairman

Following the recent resignation of Mr. Oluseyi Bickersteth as Director/ Chairman of the Board, the Board of Directors of the Diamond Bank Plc on Thursday 27th December 2018 notified the Nigerian Stock Exchange (NSE) of it new appointment in the person of Mr. Dele Babade as acting Chairman effective December 24, 2018.

President Muhammadu Buhari says a bill on the implementation of the new minimum wage would soon be sent to the National Assembly for passage, Punch reports. Buhari made this known while presenting the 2019 Budget before the joint session of the National Assembly on Wednesday.

Experts Hinge 2019 Stock Market Performance On External, Internal Factors

Some developmental economist and financial experts have asserted the outcome of the forthcoming General Elections, the direction of monetary policy and US-China trade tension as factors that would shape the Nigeria stock market in 2019.

The Coalition of United Political Parties on Tuesday withdrew its recent call on federal lawmakers to boycott the Wednesday joint session of the National Assembly during which President Muhammadu Buhari is scheduled to present the 2019 Appropriation Bill.