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Fri, Apr

The Nigerian National Petroleum Corporation says it is set to immediately resume oil exploration activities in Nasarawa State. Dr Mazadu Bako, the General Manager, Frontier Exploration Services of NNPC, made the disclosure on Monday in Lafia, during a courtesy visit to the Deputy Governor, Silas Agara.

The Nigerian Stock Exchange, NSE, will join other global exchanges on March 8, 2018, to ring the bell for gender equality in celebration of the 110th International Women’s Day (IWD), at the Stock Exchange House, Marina, Lagos. The Exchange, in a statement, said this year’s edition, themed, ‘Press for Progress’, is aimed at motivating and uniting everyone to think, act and be gender inclusive.

The Special Adviser to the President on Economic Matters, Dr. Adeyemi Dipeolu on Tuesday said President Muahammadu Buhari's resolve to ensure that the nation's economy grows up to 3.5 per cent in 2018 was on course. Speaking to NAN, the Presidential aide said his optimism was anchored on the latest GDP figures announced by the National Bureau of Statistics today. The NBS figures according to the report indicate a further growth in the fourth quarter of 2017, showing the economy grew by 1.92%.

The European Union and Government of Germany have revealed plans to increase power generation in Nigeria by 500 megawatts (MW) through renewable energy to serve 100,000 people. Iner Hommers, Programme Head, Nigerian Energy Support Programmme (NESP), said this at a presentation of a compendium of the achievements of the Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ) in Abuja.

The National Bureau of Statistics on Tuesday released the full year 2017 Gross Domestic Product growth rate for the country with the economy growing by 0.82 per cent in 2017. The 0.82 per cent growth in GDP is an improvement over the contraction of -1.58 per cent which the economy recorded in 2016 during the period of recession.

The Nigerian stock market recorded a decline of N175bn on the first day of the new month after 31 stocks plummeted. At the close of trading, the Nigerian Stock Exchange market capitalisation slumped to N15.374tn from N15.549tn. The NSE All-Share Index fell by 1.1 pe cent to settle at 42,843.38 basis points while the year-to-date return contracted to 12 per cent.

Contrary to claims by Trade Union Congress that only Lagos state remains the only state not indebted to workers, the Akwa Ibom state government on Sunday said it was prompt in the payment of salaries and emoluments of its workers. Speaking to Vanguard, the Akwa Ibom state Commissioner for Information and Strategy,

The value of capital imported into Nigeria for the full year ended December 31, 2017 stood at $12.2 billion, a report from the National Bureau of Statistics (NBS) released yesterday said. The figure represents massive improvement from $5.38 billion recorded in the previous year.

MTN Group has hinted it will be going to public in Nigeria and Ghana, but only 30% stake in the Nigeria business would be sold to the public to raise between $500 - 700 million. MTN Nigeria is currently estimated to worth $4 billion and a sell 30% for $500 million is considered a discount for Nigerian investors that will be subscribing to the company's shares when it is made public.

Barclays Africa Group, South Africa’s No.2 lender by market value, plans to extend its reach throughout the continent, it’s CEO, Maria Ramos said on Thursday after posting annual profit up nearly 4 percent. Ramos said the bank, which is changing its name back to South African brand Absa after its split from former parent Barclays, aims to enter Nigeria as it seeks to lift its share of the African market to 12 percent from 6 percent over the medium term.

Nigerian House of Representatives has mandated its committee of Aviation and Commerce to conduct an audit of all registered aircraft operating in the country. This resolution was adopted by the house on Thursday, February 22, 2018. The parliament stated that this audit is important to ascertain the airworthiness of these aircraft. More so, to ensure all aviation safety standards are duly followed by airlines.

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