Business & Finance

The Nigeria Customs Service (NCS) yesterday released its 2018 operational statistics, saying it recorded 5,235 contraband seizures with Duty Paid Value (DPV) of N61,543,633,401.31. The Service also said it generated…
Read More...

The Nigerian foreign reserve, in 2019, has recorded the highest opening in six years. According to the latest figures from the Central Bank of Nigeria (CBN), as collated by TheCable, the country’s reserves opened at $43,075,740,908…
Read More...

The Central Bank of Nigeria (CBN) on Friday made its first intervention in the inter-bank sector of the Foreign Exchange (FOREX) market for 2019 with a sum of 210 million dollars. The CBN Director, Corporate Communications, Isaac…
Read More...

An analysis by Forbes has rated Nigeria as the 110th best country for business in the world in 2019. Nigeria is also ranked 14th in Africa on the list. A total of 161 countries were graded in the report. Previously, Nigeria was…
Read More...

Nigeria’s external reserves increased by 11 per cent from the $38.912 billion it was as of January 2, 2018, to $43.195 billion as of December 28, 2018. This represented an increase by $4.3 billion within the period. The reserves had…
Read More...

TOTAL is working up the Preowei structure in the vicinity of the Egina Field, which is about fully coming on stream sometime this week. The Preowei accumulation, located north eastwards, was discovered in 2005. “A great upside potential…
Read More...

The Federal Inland Revenue Service (FIRS) remitted about N4.63 trillion to the Federation Account between January and November this year, revenue collection figures submitted to the Federal Ministry of Finance have shown. The document…
Read More...

In the just concluded week, the local currency gained against the USD at the Bureau De Change (BDC) and parallel (‘black’) market segments by 0.55% and 0.27% to close N360/USD and N364/USD respectively. Also, the Naira further…
Read More...

There are strong indications that the Nigeria Liquefied Natural Gas (NLNG) Limited’s expansion project may experience further setbacks as shareholders failed to take a Final Investment Decision (FID) on the much publicised $12 billion…
Read More...

The Nigerian National Petroleum Corporation, on Thursday, reiterated that there was nothing illegitimate about the withdrawal of $1.05bn from the Nigerian LNG dividends account. The corporation said the money was withdrawn in public…
Read More...